# Ringgit relatively stable compared to currencies of key trading partners: BNM | Business | The Vibes

> Bank Negara governor Nor Shamsiah Mohd Yunus said the ringgit had stayed relatively stable against major trading partners' currencies, with a nominal effective exchange rate decline of about 0.1%. She noted the dollar index had risen 11.5% this year and said the central bank would use its tools to keep ringgit moves orderly.

- Date: 2022-07-26 · published 2022-07-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/40752-ringgit-relatively-stable-compared-to-currencies-of-key-trading-partners-bnm
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Central bank readiness to limit ringgit volatility reduces the risk of sharp import cost swings for Malaysian feed buyers, while the strong dollar keeps regional currencies under pressure.

## Read by commodity

- DXY: bullish ▲
- USDMYR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-27 | [Indonesia's rupiah charges to the top of Asia's best-performing currencies - The Business Times](https://feedsoft.ai/events/37656-indonesia-s-rupiah-charges-to-the-top-of-asia-s-best-performing-currencies-the.md) | -0.7% | -0.9% |
| DXY | 2024-03-24 | [Strong US dollar hits Thai baht, Malaysian ringgit hardest among Asean currencies  - The Business Times](https://feedsoft.ai/events/31494-strong-us-dollar-hits-thai-baht-malaysian-ringgit-hardest-among-asean.md) | -0.1% | +1.6% |
| DXY | 2026-09-16 | [Why US$100 oil, 5% US yields affect Singdollar, ringgit differently vs other Asean currencies - The Business Times](https://feedsoft.ai/events/17725-why-us-100-oil-5-us-yields-affect-singdollar-ringgit-differently-vs-other-asean.md) | +0.6% | +2.6% |
| DXY | 2024-12-23 | [Navigating The Volatility Of The Malaysian Ringgit Amid US Fed Policies - BusinessToday](https://feedsoft.ai/events/27224-navigating-the-volatility-of-the-malaysian-ringgit-amid-us-fed-policies.md) | +0.7% | +0.3% |
| DXY | 2024-10-28 | [Asian currencies: Indonesian rupiah, ringgit fall - Business & Finance - Business Recorder](https://feedsoft.ai/events/28133-asian-currencies-indonesian-rupiah-ringgit-fall-business-and-finance-business.md) | +0.2% | +1.9% |

## Sources

- thevibes.com: https://www.thevibes.com/index.php/articles/business/66877/ringgit-relatively-stable-compared-to-currencies-of-key-trading-partners-bnm

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