# Foreign analysts project stronger ringgit in the coming quarters

> Malaysia's finance minister cited median foreign analyst forecasts for the ringgit at 4.37 in Q2 2022, falling to 4.27 in Q1 2023. He attributed the current depreciation to temporary factors, including global monetary tightening and weakness in the Chinese yuan.

- Date: 2022-05-28 · published 2022-05-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/41674-foreign-analysts-project-stronger-ringgit-in-the-coming-quarters
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Official forecasts of a stronger ringgit point to easing import costs in dollar terms for Malaysian feed buyers if the currency firms as expected.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- mof.gov.my: https://www.mof.gov.my/portal/en/news/press-citations/foreign-analysts-project-stronger-ringgit-in-the-coming-quarters

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