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Ringgit Soars 20% Amid High Demand for Yen

12/30/2025

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Story summary
  • Jajakhan Kader Gani, president of the Malaysian Association of Money Services Business, said the ringgit is at 4.04 per US dollar, a roughly 20 percent improvement from near 4.80.
  • Gani noted crowd levels remain around 70 percent this week.
  • The Japanese yen is in high demand, followed by the yuan and rupiah.
  • Interest in the Thai baht has declined due to flooding in southern Thailand and ongoing geopolitical issues.