Malaysia’s industrial output rose 3.1% in March, helping the ringgit hold steady against the dollar despite geopolitical tensions.
The USD/MYR exchange rate has remained between 3.90 and 4.05 since the Middle East conflict escalated, reflecting Malaysia’s resilient economic performance. The pair’s stability contrasts with broader emerging market volatility.
March industrial production grew 3.1% year-on-year, driven by manufacturing and electronics, offsetting weaker domestic demand. The range-bound trading follows a period of limited movement, with prior prints showing similar consolidation.
No immediate market reaction was reported, though the ringgit’s stability suggests investor confidence in Malaysia’s growth outlook.