# MYR USD: Malaysia Ringgit Set for Best Quarter Since 1973, Signaling More Gains - Bloomberg

> The Malaysian ringgit has risen more than 12% against the dollar so far this quarter, making it the best-performing emerging-market currency. Analysts expect further gains as US rate differentials narrow and trade performance improves.

- Date: 2024-09-22 · published 2024-09-22T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/28584-myr-usd-malaysia-ringgit-set-for-best-quarter-since-1973-signaling-more-gains
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit raises the cost of Malaysian palm oil in dollar terms for importers, which can weigh on palm oil demand and prices.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-12-19 | [Ringgit declines to RM4.50 against greenback over US rate cuts \| Malaysiakini](https://feedsoft.ai/events/27221-ringgit-declines-to-rm4-50-against-greenback-over-us-rate-cuts-malaysiakini.md) | -0.1% | -11.2% |
| PALMOIL | 2020-05-23 | [Sideways trading seen for the ringgit as trade tensions worsen \| Malay Mail](https://feedsoft.ai/events/53396-sideways-trading-seen-for-the-ringgit-as-trade-tensions-worsen-malay-mail.md) | +9.7% | +16.2% |
| PALMOIL | 2016-11-21 | [Malaysia’s ringgit may keep tumbling amid the market's Trump tantrum](https://feedsoft.ai/events/74107-malaysia-s-ringgit-may-keep-tumbling-amid-the-market-s-trump-tantrum.md) | +1.4% | +6.6% |
| PALMOIL | 2018-08-17 | [Malaysia: A huge downside GDP miss in the second quarter \| articles \| ING THINK](https://feedsoft.ai/events/63777-malaysia-a-huge-downside-gdp-miss-in-the-second-quarter-articles-ing-think.md) | +0.1% | -0.3% |
| PALMOIL | 2022-11-29 | [Ringgit retreats to open lower against US dollar \| Malay Mail](https://feedsoft.ai/events/38931-ringgit-retreats-to-open-lower-against-us-dollar-malay-mail.md) | +1.1% | -0.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-09-22/ringgit-s-likely-best-quarter-in-five-decades-signals-more-gains

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