Kuala lumpur: Malaysia's onshore foreign exchange (FX) market is maintaining its robust health, with the average daily FX turnover climbing to US$21.3 billion as of June this year, in comparison to US$19.8 billion in 2025.

According to BERNAMA News Agency, this increase is supported by balanced two-way flows, with corporate FX activities aligning with general expectations.

BNM released a statement today following the FMC's recent meeting to discuss developments in the ringgit FX market. The central bank emphasized that external developments and domestic factors are expected to influence the ringgit's performance, with Malaysia's solid economic profile providing enduring support.

In the meeting, BNM reaffirmed its commitment to closely monitoring financial market developments and ensuring orderly market conditions. The bank highlighted ongoing measures to encourage inflows, such as the qualified resident investor programme and collaborations with government-linked entities to repatriate and convert income.

The central bank also noted that recent movements in the ringgit and regional currencies are largely driven by global developments. While geopolitical uncertainties have partially eased following an interim peace deal between the United States and Iran, global financial markets remain focused on the prospects of higher policy rates in the US amid ongoing inflation risks.

Furthermore, BNM highlighted that FMC members agreed Malaysia's favourable macroeconomic fundamentals remain intact, as evidenced by positive indicators such as stronger-than-expected trade data and stable inflation.