Malaysia’s central bank attributed the ringgit’s depreciation to external factors, stating it did not reflect Malaysia’s economic prospects. Influences included U.S. interest rate changes, geopolitical concerns, and uncertainty over China’s economic future. The MYR declined to 4.7975, with a YTD fall of 4.4% and a 12-month of 8.25%. Despite this, Malaysia’s exports rose by 8.7% YoY in January, indicating a potential trade recovery alongside improvements in tourism and investment.