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The Malaysian Ministry of Finance said the ringgit has become Asia's top-performing currency against the dollar due to coordinated government and central bank actions since February 2024. The ringgit traded at 4.6642 on July 17, against a 2024 low of 4.7987.
Policy-driven ringgit stability reduces currency volatility for Malaysian palm oil exporters, with limited direct effect on global feed commodity prices.
mof.gov.myNatrahAug 1, 2024Not enough comparable past events yet for a historical read.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
