# Ringgit remains stable against currencies of key trade partners - Bank Negara | Malaysiakini

> 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.

- Date: 2022-08-12 · published 2022-08-12T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40305-ringgit-remains-stable-against-currencies-of-key-trade-partners-bank-negara
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stable trade-weighted ringgit limits swings in dollar-based import costs for Malaysian buyers, so it has little direct effect on feed prices.

## Sources

- malaysiakini.com: https://www.malaysiakini.com/news/631910

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