The US bank forecast the ringgit to rise to RM3.85 per dollar over 12 months. The latter two factors combined exerted far less influence on the Malaysian currency than on Thailand’s baht, the Singapore dollar and the Philippine peso, it shows. Foreign investments across the services, manufacturing and primary sectors jumped by more than 47% year-on-year in the first nine months of 2025, according to a November press release from the Malaysian Investment Development Authority. The US bank in a separate Jan 23 report forecast the ringgit to rise to RM3.85 per dollar over 12 months. A return of global funds to Malaysian stocks also augurs well for the ringgit.