KUALA LUMPUR: MBSB Investment Bank Bhd (MBSB IB) expects the ringgit to continue appreciating in 2025, projecting an average rate of around RM4.30 against the US dollar, compared to RM4.56 last year.
In a note today, MBSB IB said the positive outlook was due to recent shifts in economic data, with a bias towards further strengthening and potentially ending the year stronger than its current projection of RM4.25.
