At 8.01am, the ringgit was at 4.1230/4.1390 versus last Friday’s close of 4.1290/4.1345.

The local currency had strengthened to more than a year’s high, a level last seen on Sept 30, 2024, when the local note was traded at 4.1210 at the close.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said Malaysia’s third-quarter 2025 GDP growth of 5.2%, in line with consensus expectations, signalled steady economic momentum and provided medium-term support for the ringgit.

“We foresee the ringgit could experience some correction as the currency is already in the overbought condition.

“Meanwhile, the US December rate cut is not a sure thing as there are US Federal Reserve (Fed) members who prefer to keep it steady,” he said, adding that the ringgit is expected to linger at the RM4.13-RM4.14 level today.

The ringgit traded higher against a basket of major currencies in the early session today.

It strengthened versus the yen to 2.6667/2.6772 from 2.6690/2.6728 at Friday’s close, appreciated against the euro to 4.7880/4.8066 from 4.7983/4.8047 and firmed vis-a-vis the British pound to 5.4242/5.4453 from 5.4313/5.4385 previously.

The ringgit traded mostly higher against Asean currencies, except for the Singapore dollar, which eased to 3.1735/3.1861 from Friday’s close of 3.1720/3.1765.

It rose against the Thai baht to 12.6940/12.7523 from 12.7356/12.7580 at Friday’s close, improved versus the Indonesian rupiah to 246.7/247.8 from 247.1/247.5 and was higher against the Philippine peso at 6.98/7.01 from 6.99/7.00 previously.