The Malaysian ringgit is expected to be supported by the reopening of China which is seen to bring in more tourists and encourage exports.
Analysts from DBS Group Holdings Ltd, Barclays Plc and RBC Capital Markets see the ringgit staying around the current level of 4.45 until June.
This follows concerns over the expected increase in interest rates by the Federal Reserve (Fed) which could have an impact on other currencies when the US dollar is strong.
Even so, the impact of China's reopening in terms of tourist arrivals and trade will be felt more significantly towards the middle of the year which will certainly help support the ringgit.
Additionally, pressure on market currencies is also expected to ease as the Fed nears the end of its rate hike cycle in the second half of the year.
The ringgit will benefit from a strong trade relationship with China, especially since the world's second largest economy is Malaysia's main export destination.
Meanwhile, HSBC Holdings Plc is projecting greater gains for the ringgit following the prospect that the Fed will reach the end of its tightening cycle to end the dominance of the greenback.
Markets are betting Fed interest rates will peak in September.
