# BNM: Flexible exchange rate for short-term risks to ringgit, economic growth for long-term stability

> Bank Negara Malaysia's 2024 annual report defended the flexible exchange rate regime for managing short-term ringgit risks. The central bank said structural reforms are needed for long-term stability. The ringgit fell to a 26-year low of 4.8 per dollar in 2024.

- Date: 2025-03-24 · published 2025-03-24T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/25863-bnm-flexible-exchange-rate-for-short-term-risks-to-ringgit-economic-growth-for
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Policy that lets the ringgit adjust makes Malaysian exports, including palm oil, more competitive, which affects regional vegetable oil supply pricing.

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/node/749086

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