KUALA LUMPUR (Xinhua): Economists have forecast the Malaysian ringgit will gradually appreciate by the end of this year amid improved economic fundamentals.
BMI Country Risk and Industry Research said in a note on Monday that it retained its 2024 forecast that the Malaysian ringgit will appreciate later this year, rising from MYR4.70/USD currently to MYR4.55/USD by end-2024, implying that the ringgit will likely appreciate more substantially in the fourth quarter.
