DAVOS: Malaysia’s sovereign wealth fund Khazanah Nasional Bhd. sees the ringgit strengthening further after its run as Asia’s top-performing currency last year, its managing director Amirul Feisal Wan Zahir said.
“I think we will see a bit more strengthening,” Amirul said in an interview with Bloomberg TV’s Haslinda Amin on the sidelines of the World Economic Forum in Davos, Switzerland on Monday. He cited analysts as saying the currency could strengthen to 4 ringgit per US dollar or even below that.
The Malaysian ringgit is currently trading at 4.055 to the greenback, having gained 11% in the past year, despite volatility surrounding US tariffs.