# USD/MYR: Ringgit Within Reach of 1998 Record Low on Malaysia’s Export Woes - Bloomberg

> The ringgit is about 2% away from its 1998 record low of 4.8850 per dollar and has fallen nearly 4% this year. Weak Malaysian exports and dollar strength could push it past that level.

- Date: 2024-02-19 · published 2024-02-19T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31948-usd-myr-ringgit-within-reach-of-1998-record-low-on-malaysia-s-export-woes
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Continued ringgit weakness would raise the cost of imported feed ingredients for Malaysian buyers and could make palm oil cheaper for buyers paying in dollars.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-02-19/usd-myr-ringgit-in-peril-of-breaching-1998-low-on-malaysia-s-export-woes

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