LATEST NEWS   Malaysia strongly condemned attacks on Iran, retaliatory strikes against against West Asian countries - Foreign Ministry  | AKPS Commander shooting case: Home Ministry investigating various angles including possibility of organised crime elements, revenge motive - Saifuddin Nasution | Batik Air is closely monitoring developments and assessing their potential impact on regional airspace and flight operations amid Middle East situation. | The safety and wellbeing of passengers and crew remain the airline’s highest priority - Batik Air | Passengers travelling to, from, or transiting through parts of the Middle East are advised to check their latest flight status directly with their respective airlines before proceeding to the airport - MAHB | 
MARKET • 27/02/2026 07:06 PM

Ringgit Ends Mostly Higher Vs ASEAN Peers But Lower Against US Dollar

By Zufazlin Baharuddin

KUALA LUMPUR, Feb 27 (Bernama) -- The ringgit closed mostly higher against ASEAN currencies on Friday but eased against the US dollar and other major currencies as traders remained cautious amid geopolitical risks and uncertainties over US tariffs.

At 6 pm, the ringgit eased to 3.8910/8960 versus the greenback from yesterday’s close of 3.8865/8925.

It was reported that US and Iranian officials met in Geneva, Switzerland yesterday for a third round of indirect nuclear talks, but the discussions ended without a deal. Another round of talks is set to be held in Vienna next week.

Besides, lingering uncertainty over US trade policy following the ruling by the US Supreme Court has kept investors cautious.

On the latest development, the Minister of Investment, Trade and Industry Datuk Seri Johari Abdul Ghani will liaise with his US counterpart regarding the implications of the US Supreme Court ruling on the Agreement of Reciprocal Trade (ART) and the new tariffs announced by US President Donald Trump.

MADANI Government spokesman Datuk Fahmi Fadzil, who is Communications Minister said the Cabinet would await the outcome of the discussions before making any decision.

Malaysia has signed the ART with the US but has not ratified the agreement.

Commenting on the ringgit performance today, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that due to recent development, the ringgit remained in a narrow range versus the US dollar today.

“The USD/MYR was oscillating between RM3.8848 and RM3.8935 today,” he told Bernama.

At the close, the ringgit traded mostly lower against a basket of major currencies.

It weakened versus the euro to 4.5898/5957 from 4.5853/5924 at Thursday’s close and tumbled against the Japanese yen to 2.4930/4963 from 2.4902/4942 yesterday. However, it edged up vis-a-vis the British pound to 5.2470/2538 from 5.2573/2654 yesterday. 

However, the local note traded mostly higher against its ASEAN peers.

The ringgit was edged up versus the Singapore dollar to 3.0742/0784 from 3.0755/0805 at yesterday’s close, gained against the Indonesian rupiah to 231.7/232.2 from 231.9/232.3 on Thursday, and strengthened vis-a-vis the Thai baht to 12.5153/5370 from 12.5169/5435 previously.

However, it was slightly down versus the Philippine peso to 6.75/6.76 from 6.74/6.76 yesterday.

-- BERNAMA

 

 


 

More News

Categories

Tags