# Malaysian Ringgit Set to Test New High for 2026, Strategists Say - Bloomberg

> Strategists expect the Malaysian ringgit to retest its 2026 peak near 3.88 per dollar, after it slid 4% in March during the Iran war and then rallied. The currency traded near 3.95 at the time. Loomis Sayles and Deutsche Bank also expect further gains.

- Date: 2026-04-20 · published 2026-04-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/19962-malaysian-ringgit-set-to-test-new-high-for-2026-strategists-say-bloomberg
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A stronger ringgit raises the local-currency cost of Malaysian palm oil exports, which can cap export demand and support prices in ringgit terms only modestly.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-07-19 | [Headwinds for the Malaysian Ringgit Are Only Getting Stronger - Bloomberg](https://feedsoft.ai/events/52372-headwinds-for-the-malaysian-ringgit-are-only-getting-stronger-bloomberg.md) | +2.0% | +8.9% |
| PALMOIL | 2022-11-25 | [MYR/USD: Malaysia Ringgit Rises to 3-Month High After New PM Appointment - Bloomberg](https://feedsoft.ai/events/38929-myr-usd-malaysia-ringgit-rises-to-3-month-high-after-new-pm-appointment.md) | +3.4% | -0.7% |
| PALMOIL | 2024-07-31 | [MYR/USD: Malaysia Ringgit Rebound Set to Accelerate on Fed Rate Cuts, Exports - Bloomberg](https://feedsoft.ai/events/29549-myr-usd-malaysia-ringgit-rebound-set-to-accelerate-on-fed-rate-cuts-exports.md) | -1.9% | +1.5% |
| PALMOIL | 2024-01-30 | [State Street says Malaysian ringgit at risk of hitting new low](https://feedsoft.ai/events/32374-state-street-says-malaysian-ringgit-at-risk-of-hitting-new-low.md) | -3.0% | -1.0% |
| PALMOIL | 2024-11-01 | [Malaysian Ringgit Set for Biggest Monthly Decline Since 2015](https://feedsoft.ai/events/28131-malaysian-ringgit-set-for-biggest-monthly-decline-since-2015.md) | +9.9% | +9.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-04-20/malaysian-ringgit-set-to-test-new-high-for-2026-strategists-say

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.