KUALA LUMPUR: The ringgit recorded an overall appreciation of 2.7 per cent against the US dollar in 2024, standing out as one of the few Asian currencies to strengthen versus the greenback, said Bank Negara Malaysia (BNM).
It similarly appreciated against other major currencies throughout the year, including the Singapore dollar, the Korean won, and the Japanese yen, with an overall appreciation recorded against Malaysia’s major trade partners (nominal effective exchange rate (NEER) for 2024: 7.5 per cent).
