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Malaysia's ringgit could gain the most among Southeast Asian currencies if exporters convert their overseas earnings into local currency, given the country's large foreign-currency deposits. Combined foreign-currency deposits in Malaysia, Thailand, the Philippines and Indonesia reached $62.2 billion as of March, close to a record.
A stronger ringgit would raise the local-currency cost of Malaysian palm oil exports, a modest bearish factor for palm oil prices in USD terms if the conversion materialises.
bloomberg.comMarcus WongMay 22, 2025Not enough comparable past events yet for a historical read.
After 86 past neutral macro events, PALMOIL moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +2.0%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
