# Explainer: Why the Malaysian ringgit has stayed weak and the wider effect on Singapore - CNA

> An explainer published September 3, 2023 covers why the Malaysian ringgit has stayed weak against the Singapore dollar, which hit a record low of 3.48 in July. Experts cite political uncertainty, policy inconsistency and geopolitical tensions. Malaysian workers are crossing to Singapore for better pay.

- Date: 2023-09-03 · published 2023-09-03T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/34371-explainer-why-the-malaysian-ringgit-has-stayed-weak-and-the-wider-effect-on
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency weakness affects the cost of imported feed inputs in Malaysia, but this piece is mainly about labor flows and has limited direct price impact on feed commodities.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- channelnewsasia.com: https://www.channelnewsasia.com/singapore/explainer-why-has-malaysian-ringgit-stayed-weak-what-effect-singapore-5612231

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