The Malaysian Ringgit is significant in regional trade and international markets, mainly due to Malaysia’s export-driven economy. The country is a major exporter of palm oil, petroleum, electronics, and rubber, which makes the Ringgit widely used in global trade transactions.

Malaysia is also a popular tourist destination, attracting millions of visitors each year, which further boosts the demand for the Ringgit. The Bank Negara Malaysia (BNM) regulates the currency to ensure economic stability and financial security.