The Malaysian ringgit, Asia’s top performing currency in the past year, still has potential to gain as the economy continues to perform strongly, Second Finance Minister Datuk Seri Amir Hamzah Azizan said, indicating that growth forecasts may be revised higher.
The ringgit was undervalued last year and the market was reacting to that, Amir said in an interview with Bloomberg TV’s Avril Hong on Thursday in Kuala Lumpur. Inflows into equity and bond markets in January strengthened the ringgit, and the currency will continue to follow the same trajectory, he added.
