PETALING JAYA: The ringgit emerged as Asean’s third-best performing currency in 2020, after it managed to stage a sharp recovery from last year’s weakest level of RM4.45 per US dollar to end the year at RM4.02.
Economists believe that the ringgit’s uptrend would extend into 2021, partly owing to the continued weakening of the world’s reserve currency.
In fact, there are possibilities for the local currency to enter the range of just below RM4 per US dollar by year-end, marking the first time since June 2018.
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