# Malaysian Ringgit Set for Biggest Monthly Decline Since 2015

> The Malaysian ringgit is on track for its worst monthly performance since August 2015, down more than 6% against the dollar in October. It traded at 4.39 per dollar on Wednesday as investors reduced risk exposure ahead of the US election.

- Date: 2024-11-01 · published 2024-11-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/28131-malaysian-ringgit-set-for-biggest-monthly-decline-since-2015
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A weaker ringgit makes Malaysian palm oil cheaper in dollar terms for foreign buyers, which can support export demand but also tends to pressure palm oil prices in ringgit terms via currency-linked selling.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-04-20 | [Malaysian Ringgit Set to Test New High for 2026, Strategists Say - Bloomberg](https://feedsoft.ai/events/19962-malaysian-ringgit-set-to-test-new-high-for-2026-strategists-say-bloomberg.md) | +1.1% | -0.7% |
| 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 | 2024-09-30 | [Malaysia ringgit gains most among Asian FX, Chinese stocks soar - Markets - Business Recorder](https://feedsoft.ai/events/28585-malaysia-ringgit-gains-most-among-asian-fx-chinese-stocks-soar-markets-business.md) | +9.1% | +9.7% |
| PALMOIL | 2023-03-06 | [MYR/USD: Worst for Malaysia Ringgit Seen Over on China Reopening - Bloomberg](https://feedsoft.ai/events/37148-myr-usd-worst-for-malaysia-ringgit-seen-over-on-china-reopening-bloomberg.md) | -5.6% | -9.0% |
| PALMOIL | 2019-01-14 | [Some of world's biggest banks see stronger ringgit in 2019](https://feedsoft.ai/events/61348-some-of-world-s-biggest-banks-see-stronger-ringgit-in-2019.md) | +0.8% | +5.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-10-30/myr-usd-malaysian-ringgit-is-poised-for-biggest-decline-since-2015

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