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  Source: xe.com The Malaysian ringgit has experienced significant volatility against the US dollar in recent times, reflecting broader global economic trends and domestic factors.  As of late 2024, the ringgit has been under pressure, trading at one of its weaker levels compared to previous years.  Several factors have contributed to this trend, ranging from global macroeconomic conditions to specific challenges within Malaysia. Globally, the US dollar has remained strong due to the Federal Reserve’s continued policy of high interest rates to combat inflation.  This has attracted more foreign investment into the US, leading to a higher demand for the dollar and thus, weakening other currencies like the ringgit.  Moreover, geopolitical tensions and global economic uncertainty, particularly involving key trade partners like China, have contributed to the flight of capital towards safer assets denominated in US dollars. Domestically, Malaysia faces several challen...