# Financial Markets Committee says ringgit is undervalued as Malaysia’s economic fundamentals remain strong | Malay Mail

> Malaysia's Financial Markets Committee agreed the ringgit is undervalued given strong economic fundamentals. The committee welcomed plans for government-linked companies to convert foreign investment income into ringgit more consistently to support the currency.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31486-financial-markets-committee-says-ringgit-is-undervalued-as-malaysia-s-economic
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Government-linked conversion flows could firm the ringgit and lower the local-currency cost of imported feed inputs. The impact is likely to be gradual.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2024/03/01/financial-markets-committee-says-ringgit-is-undervalued-as-malaysias-economic-fundamentals-remain-strong/120906

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