# Statement by the Financial Markets Committee on the Ringgit Foreign Exchange Market

> Malaysia's Financial Markets Committee met on 18 November 2024 to review the ringgit, which has pared earlier gains to 4.4792 per dollar on non-resident portfolio hedging against broad dollar strength. The committee said the ringgit still outperforms regional peers and is up against the dollar year-to-date, with USD 1 billion in bond inflows and USD 200 million in equity inflows. Implied volatility stood at 4.5%, below the regional average of 6.0%.

- Date: 2024-11-20 · published 2024-11-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/27679-statement-by-the-financial-markets-committee-on-the-ringgit-foreign-exchange
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit and orderly FX conditions reduce the cost of importing Malaysian feed-related inputs such as palm-based products, while stronger dollar pressure keeps import costs elevated.

## Read by commodity

- USDMYR: neutral

## Sources

- investmalaysia.gov.my: https://www.investmalaysia.gov.my/resources/latest-announcements/statement-by-the-financial-markets-committee-on-the-ringgit-foreign-exchange-market/

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