# MYR/USD: Malaysia Ringgit Falls to Lowest Level Since 1998 - Bloomberg

> The Malaysian ringgit briefly slipped past 4.8 per US dollar on Tuesday, its weakest level since the 1998 Asian financial crisis. The currency has fallen over 4% so far in 2024. Bank Negara Malaysia said the move does not reflect the improving economic outlook.

- Date: 2024-02-20 · published 2024-02-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31938-myr-usd-malaysia-ringgit-falls-to-lowest-level-since-1998-bloomberg
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the cost of imported feed inputs for Malaysian buyers, while making Malaysian palm oil and other exports cheaper in dollar terms.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-02-20/ringgit-falls-to-26-year-low-as-malaysia-s-growth-disappoints

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