The Mystery of Ringgit at 3.92:Coincidence, or an Economic Strategy Finally Taking Shape?
On the morning of January 28, 2026, global currency charts turned red. But this time, red did not signal danger. It signaled a quiet victory. 1 USD = RM3.92. After years of the Ringgit being “bullied” beyond the 4.70 level, this figure surprised many. Social media buzzed with speculation. Some began to wonder, “Are we returning to the golden era of RM2.50 or RM2.90?” Emotionally, a stronger Ringgit is something to be proud of. But in economics, emotion is not a compass. What truly matters is structure and reality. This appreciation did not happen by accident. It is the result of a convergence between global economic forces and domestic policies whose investments are now beginning to mature. Let us examine this rationally. 1. When the “King Currency” Begins to Waver – The U.S. Factor To understand why the Ringgit is strengthening, we must first understand why the U.S. dollar is weakening. Between 2023 and 2025, the United States offered exceptionally high interest rates. Global capital—...