Ringgit leads Asian currency gains as rupiah records fourth weekly fall
The ringgit rose 0.72% over the week, while the rupiah lost 0.44% despite recovering in the final two trading sessions.
Malaysia’s ringgit outperformed other Asian currencies against the US dollar in the week ended 30 October 2026, according to figures reported by CNBC Indonesia. Most regional currencies strengthened, but Indonesia’s rupiah registered its fourth consecutive weekly decline.
The ringgit gained 0.72%, followed by the yuan with a 0.25% rise. The won was the weakest performer, losing 0.74%, while the rupiah fell 0.44% over the week.
The rupiah ended trading on 30 October at Rp18,120 per US dollar, up 0.03% from Rp18,125 on 29 October. That marked a second consecutive session of gains. Earlier, on 28 October, it had dropped 0.17% to close at Rp18,175, its weakest closing level on record, surpassing Rp18,170 on 8 June 2026.
For October 2026, the rupiah lost 1.4%. February and August were its only months of appreciation during the year to that point.
Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid told Bernama that the ringgit could maintain its near-term upward trend. He said markets were beginning to price in a possible shift in Federal Reserve policy, with limited scope for further monetary tightening.
