# MYR/USD: Malaysia Ringgit Rises to 3-Month High After New PM Appointment - Bloomberg

> The Malaysian ringgit jumped up to 0.9% against the dollar to 4.4542, its strongest level since mid-August, after Anwar Ibrahim was appointed prime minister. The currency had gained 1.8% the previous day, its largest single-day gain since March 2016.

- Date: 2022-11-25 · published 2022-11-25T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38929-myr-usd-malaysia-ringgit-rises-to-3-month-high-after-new-pm-appointment
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A firmer ringgit makes Malaysian-denominated palm oil and other commodity costs cheaper in dollar terms for importers, while political stability can support Malaysian palm oil export pricing sentiment.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-04-20 | [Malaysian Ringgit Set to Test New High for 2026, Strategists Say - Bloomberg](https://feedsoft.ai/events/19962-malaysian-ringgit-set-to-test-new-high-for-2026-strategists-say-bloomberg.md) | +1.1% | -0.7% |
| PALMOIL | 2024-07-31 | [MYR/USD: Malaysia Ringgit Rebound Set to Accelerate on Fed Rate Cuts, Exports - Bloomberg](https://feedsoft.ai/events/29549-myr-usd-malaysia-ringgit-rebound-set-to-accelerate-on-fed-rate-cuts-exports.md) | -1.9% | +1.5% |
| PALMOIL | 2023-03-06 | [MYR/USD: Worst for Malaysia Ringgit Seen Over on China Reopening - Bloomberg](https://feedsoft.ai/events/37148-myr-usd-worst-for-malaysia-ringgit-seen-over-on-china-reopening-bloomberg.md) | -5.6% | -9.0% |
| PALMOIL | 2022-11-25 | [Malaysian ringgit extends gains on hopes of stability after PM appointment \| Financial Post](https://feedsoft.ai/events/38932-malaysian-ringgit-extends-gains-on-hopes-of-stability-after-pm-appointment.md) | +3.4% | -0.7% |
| PALMOIL | 2025-12-01 | [MYR/USD: Malaysia Ringgit Nears Four-Year High as Economy Gains Strength](https://feedsoft.ai/events/22207-myr-usd-malaysia-ringgit-nears-four-year-high-as-economy-gains-strength.md) | +1.9% | -0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-11-25/malaysia-assets-may-extend-rally-as-impasse-ends-analysts-say

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