Central BanksMedium•5 November 2026•
1 min read
Malaysian Ringgit Strengthens Against Dollar Ahead of BNM Interest Rate Decision
Key Facts
1The Malaysian ringgit opened higher against the US dollar at 4.0585.
2Markets expect Bank Negara Malaysia to raise the Overnight Policy Rate by 25 basis points.
The Malaysian ringgit opened higher against the US dollar at 4.0585 on November 5, 2026. The Sun Malaysia reported that markets expect Bank Negara Malaysia (BNM) to raise the Overnight Policy Rate by 25 basis points during its final monetary policy meeting of the year.
Expectations of a rate hike to curb inflation supported the local currency alongside improved global risk appetite. The ringgit showed strength against major peers on November 5, 2026, trading at 4.5601 against the Euro and 5.4696 against the British Pound, while remaining unchanged against the Philippine peso at 6.39.