Earlier today, the Malaysian central bank, during its first Monetary Policy Committee (MPC) meeting of 2026, decided to maintain the OPR at 2.75%.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid noted that “the positive assessment by BNM on the state of the economy after announcing their decision to keep the OPR steady at 2.75% also contributed positively to the ringgit’s strength”.

“It appears that the ringgit could break the 4.00 level (against the greenback) at some point in the near future should the positive sentiment continue,” he told Bernama.

At 6pm, the local currency rose to 4.0370/4.0415 against the greenback from 4.0445/4.0495 at yesterday’s close.

The local currency also ended mostly higher versus other major currencies.

It appreciated versus the Japanese yen to 2.5440/2.5469 from 2.5598/2.5631 yesterday, gained versus the euro to 4.7205/4.7257 from 4.7337/4.7395, but it inched down vis-à-vis the British pound to 5.4273/5.4334 from 5.4237/5.4304 yesterday.

The ringgit was traded mixed against Asean currencies.

It rose against the Singapore dollar to 3.1441/3.1478 from 3.1502/3.1543 yesterday, and strengthened against the Thai baht to 12.8587/12.8792 from 13.0086/13.0301.

The local currency remained unchanged against the Philippine peso at 6.82/6.83, but eased slightly vis-à-vis the Indonesian rupiah to 238.9/239.3 from 238.7/239.3.