Kenanga sees ringgit at 4.00 to US dollar by year-end
Kenanga, a Malaysian investment bank, keeps its ringgit forecast at 4.00 against the US dollar by year-end 2026.
What happened1/3 Kenanga holds ringgit forecast at 4.00
RM4.00Kenanga year-end ringgit/USD targetKenanga maintains its forecast of the ringgit at RM4.00 to the US dollar by year-end 2026. The view was published on 24 October 2026.
The word "keeps" matters: the bank had already set this number earlier, so this is a maintained target, not a new call.
How it affects your wallet2/3 What 4.00 means for your dollar spending
A forecast is not a fixed rate. The ringgit moves every trading day, so the rate you get at a bank or e-wallet will differ from 4.00 on any given day. It is a rough planning number.
e.g. USD100 at 4.00 is about RM400. At 3.80 it would be RM380; at 4.20, RM420. The difference shows up on airfare, imported goods and any dollar-denominated bill.
Photo: Photo: CC0 via Openverse Why it matters3/3 A forecast is not a price
Investment banks publish currency forecasts based on interest-rate gaps, trade flows and global sentiment. The actual exchange rate changes daily on the interbank market.
The forecast itself does not lock in a rate for you. If you need a fixed rate for a known future expense, a bank can quote a forward FX rate, but that is a separate transaction from the analyst's projection.
- 01/01
RM4.00 Kenanga year-end ringgit/USD target Kenanga holds ringgit forecast at 4.00 Kenanga year-end ringgit/USD target
Questions people ask
Does this mean the ringgit will definitely be at 4.00 by December?
No. It is Kenanga's projection. The actual rate moves every trading day and can end the year above or below 4.00. Treat it as a planning reference, not a fixed number.
Should I buy or sell dollars based on this forecast?
A forecast is not a trading signal. If you need dollars for a specific expense, check the live rate on the day and compare a few providers (bank, e-wallet, money changer) before you transact.
Source: Business Today
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