Story perspectives

Ringgit Surges Against USD Amid Sanctions and Uncertainties

10/23/2025

Summary

Story summary

The ringgit opened higher against the United States dollar on Oct 23, 2025, at 4.2240/2340.
Bank Muamalat Malaysia Bhd economist Dr. Mohd Afzanizam Abdul Rashid said the United States dollar index fell to 98.897 (0.04%) amid export restrictions uncertainties.
The United States administration imposed sanctions on Russia's oil producers.
The ringgit strengthened against the Japanese yen and the Singapore dollar.
The ringgit weakened against the British pound and Thai baht.

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Story summary

The ringgit opened higher against the United States dollar on Oct 23, 2025, at 4.2240/2340.
Bank Muamalat Malaysia Bhd economist Dr. Mohd Afzanizam Abdul Rashid said the United States dollar index fell to 98.897 (0.04%) amid export restrictions uncertainties.
The United States administration imposed sanctions on Russia's oil producers.
The ringgit strengthened against the Japanese yen and the Singapore dollar.
The ringgit weakened against the British pound and Thai baht.