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Wednesday, 21 October 2026

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Ringgit’s Split Opening Puts Dollar Exposure Back in Corporate Focus

The ringgit’s mixed opening highlights why investors must assess each company’s currency receipts, costs and hedges, rather than one dollar quote.

By TLA AI Editor3 min read

Kuala Lumpur, 1 October 2026 – The ringgit opened firmer against several major and regional currencies but edged lower against the US dollar, a split that matters more to Malaysian companies than a simple strong-or-weak headline. At 8am, banks quoted the dollar at RM4.0790/0860, compared with RM4.0785/0820 at Wednesday’s close. The change was small and describes an opening snapshot, not the exchange rate for the whole trading day.

Against the euro, the ringgit improved to RM4.6203/6282 from RM4.6324/6363, while it gained against sterling to RM5.4104/4197 from RM5.4162/4209. It also strengthened against the yen to RM2.5887/5933 from RM2.5969/5993. The direction differed across pairs because exchange rates express the price of one currency relative to another, not a single underlying value for the ringgit.

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Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.