Ringgit rises 8.2% against US$ as of Nov 12 - Bank Negara - video Dailymotion

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The ringgit remained broadly stable against the US dollar with a marginal appreciation of 0.05 per cent in the third quarter (3Q) of 2025 and a year-to-date (YTD) appreciation of 8.2 per cent as of Nov 12, 2025, according to Bank Negara Malaysia (BNM).  BNM Governor Datuk Seri Abdul Rasheed Ghaffour said both external and domestic factors drove the ringgit’s movement.  Read more at https://tinyurl.com/3ryfm22c   WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00In the third quarter of this year, the ringgit appreciated by 0.8% on a nominal effective

00:13exchange rate basis against the currencies of Malaysia's major trading partners. The

00:19ringgit also remained broadly stable against the US dollar during this period. Year-to-date,

00:26as of 12 November, the ringgit has appreciated by 5.3% on the NEER basis and by 8.2% against

00:35the US dollar. The ringgit's movement was driven by both external and domestic factors. Externally,

00:46the US Federal Reserve's monetary policy easing in September coupled with expectations of further

00:52rate cuts amid the growing concerns over the US economy's outlook. This helps support the

00:58ringgit. Additionally, a reduction in tariff-related uncertainties, although they remain elevated,

01:05provide further support to the ringgit during the quarter. On the domestic front, Malaysia's

01:11positive economic prospects, together with the government's commitments on the structural reforms

01:16and fiscal sustainability have also become more visible, and this will continue to provide

01:22the medium-term support to our ringgit. BDM will also continue to ensure the orderly functioning

01:29of the domestic foreign exchange market and two-way flow through the coordinated efforts with the

01:34government and corporates. And this includes through the full implementation of the Qualified Resident

01:41Investor or QRI program, which was rolled out in July this year. The program, which provides foreign

01:48exchange policy flexibility to encourage resident corporates to repatriate foreign currency investment

01:53income and convert into ringgit, this has yielded encouraging results. As at the third quarter of this

02:00year, more than US$2 billion of inflows have been recorded under this program. In the third quarter of this year,

02:09looking at credit growth, credit growth to the private non-financial sector expanded by 5.9%,

02:16following an increase in credit to businesses, and this was supported by higher growth in outstanding

02:23corporate bonds and business loans, which grew by 7.3% and 5.4% respectively in the quarter.

02:31The higher growth in outstanding business loans was mainly driven by increase in investment-related

02:37loans, particularly among the non-SMEs. For households, outstanding loans grew by 5.7% amid some moderation

02:48in loan growth for personal use. The average lending rates on outstanding loans, which includes household

02:55and business loans, declined by 21 basis points, and this reflects an effective pass-through from the

03:01recent 25 basis points reduction in the OPR that we took in July this year.

Ringgit rises 8.2% against US$ as of Nov 12 - Bank Negara

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