# MYR/USD: Malaysia Ringgit Falls to Lowest Level Since Asian Financial Crisis - Bloomberg

> The Malaysian ringgit fell as much as 0.5% to 4.7703 per dollar, its weakest level since 1998. The currency is the worst performer in Asia this year after the yen.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33892-myr-usd-malaysia-ringgit-falls-to-lowest-level-since-asian-financial-crisis
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the local-currency cost of imported feed ingredients priced in dollars, such as soybean meal and corn, which can pressure Malaysian feed margins.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-10-19/ringgit-falls-to-25-year-low-on-dollar-gains-china-weakness

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