A stable economy will keep Ringgit strong

In recent days, the ringgit has been gaining ground against major currencies like the US dollar and the Euro. At the same time, gold prices have been moving too, which has had a noticeable impact on businesses and everyday life. But as the ringgit strengthens, it's also natural to wonder how long this momentum can hold.

For many, a stronger ringgit is good news. It means that imports, such as electronics or the raw materials that businesses use, cost less. This helps keep inflation in check, making it easier to manage daily expenses. But there's another side to consider as well. Malaysia's economy relies a lot on exports, like electronic products. When the ringgit gets stronger, such goods become pricier for overseas buyers, which could hurt sales. The challenge is figuring out how to benefit from a strong currency without making our exports too expensive.