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Bank Negara's Annual Report 2022 says the ringgit depreciated sharply in 2022 as the Fed raised rates by 425 basis points. The currency hit a historic low of RM4.7465 on November 4, 2022, though the nominal effective exchange rate stayed relatively stable.
The central bank describes the ringgit as on a recovery path.
The central bank's view of a recovering ringgit points to easing import costs for Malaysian feed buyers, though its effect is limited.
malaymail.comMar 29, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
