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Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus said the ringgit has stayed relatively stable against major trading partners' currencies. The nominal effective exchange rate showed a marginal 0.1% depreciation in the second quarter of 2022.
A stable trade-weighted ringgit limits swings in dollar-based import costs for Malaysian buyers, so it has little direct effect on feed prices.
malaysiakini.comBernamaAug 12, 2022Not 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.
