Ringgit strengthens on robust Q3 GDP estimate
The statistics department’s advance estimate shows Malaysia’s economy expanded by 5.3% in Q3 2026.
Malaysia's ringgit strengthened against the US dollar on Friday, buoyed by the country's more optimistic third quarter GDP estimate. The Bank Muamalat Malaysia Bhd chief economist, Afzanizam Rashid, noted that the higher-than-expected figure indicates the Malaysian economy's resilience. According to the Advance GDP Estimates for Q3 2026, the economy grew by 5.3% in Q3, up from 6% growth in the previous quarter.
Rashid predicted that the whole-year GDP could surpass the current projection of 4.8% to 5.3%, with the M9 2026 GDP growth already reaching 5.5%. The ringgit's value fluctuated against various currencies, rising against the Japanese yen and Indonesian rupiah, but falling against the euro and British pound. It also decreased against the Singapore dollar and Thai baht.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Ringgit strengthens against US dollar after robust third-quarter GDP estimate malaymail.com
- Ringgit strengthens on robust Q3 GDP estimate freemalaysiatoday.com
