USD to MYR Forecast 2026: Institutional Consensus
The unweighted median of five comparable public forecasts is RM3.95 per US dollar for year-end 2026. Contributor points range from RM3.86 to RM3.95.
Sources reviewed: July 19, 2026
2026 consensus at a glance
How this compares with the reference rate at review
Bank Negara Malaysia's KL USD/MYR reference rate was RM4.0811 per US dollar on July 17, 2026. The RM3.95 median forecast is 3.2% below that reference, which implies a stronger ringgit by year-end if the median is reached. Bank Negara Malaysia KL USD/MYR reference rate
Forecasts included in the calculation
Each row links to the original public report. Forecast dates remain visible because publication age materially affects how the numbers should be read.
| Institution | Published | Target | USD/MYR forecast | Treatment |
|---|---|---|---|---|
| Kenanga Research | June 12, 2026 | 4Q 2026 | RM3.95 | End-period point forecast from Kenanga's Currency Outlook table. |
| MIDF Research | February 3, 2026 | Year-end 2026 | RM3.95 | MIDF's January currency review gives a year-end target of 3.95. |
| DBS Group Research | July 3, 2026 | 4Q 2026 | RM3.95 | End-period forecast from the exchange-rate table in The Week Ahead. |
| OCBC Group Research | June 8, 2026 | 4Q 2026 | RM3.86 | Quarter-end point forecast from OCBC FX Weekly. |
| UOB Global Economics & Markets Research | March 6, 2026 | 4Q 2026 | RM3.90 | Quarter-end forecast from UOB Quarterly Global Outlook 2Q 2026. |
Methodology
- A forecast qualifies when the institution publishes a numeric USD/MYR point or range for year-end or the fourth quarter of 2026 and the original report is publicly accessible.
- The consensus is an unweighted median. Every institution contributes once, regardless of size or forecast date.
- When an institution publishes a range, its midpoint enters the median calculation while the original range remains visible in the table.
- Annual-average assumptions, short-term technical levels, government budget assumptions, and figures reported only through an unverifiable secondary quotation are excluded.
- The page is updated when a qualifying institution revises its forecast. Older forecasts are retained only while they remain the institution's latest qualifying public projection.
What the spread says
The nine-sen gap between the lowest and highest contributor points is relatively tight, and three institutions converge at RM3.95. Their assumptions still differ on Federal Reserve policy, Malaysian growth, portfolio flows, and the domestic rate path.
MIDF's February forecast is older than the other four. The median summarizes the published set; it is not a real-time probability estimate.