# USD/MYR: S&P Predicts 9% Rebound in Malaysian Ringgit by End of 2024

> S&P Global Ratings forecasts a 9% rebound in the ringgit by the end of 2024. The agency said the weak currency does not pose a risk to Malaysia's sovereign rating.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31953-usd-myr-s-and-p-predicts-9-rebound-in-malaysian-ringgit-by-end-of-2024
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A forecast rebound would ease import cost pressure on Malaysian buyers later in the year, though the forecast is not a policy action.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-02-22/usd-myr-s-p-predicts-9-rebound-in-malaysian-ringgit-by-end-of-2024

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