# Ringgit headed for steepest monthly decline since 2016 | FMT

> The ringgit is heading for its biggest monthly loss since 2016, down 3.6% against the dollar in April, as falling oil prices and a dovish central bank weigh on it. RBC expects it could weaken toward 4.40 by end of the second quarter, with China's slowdown a key risk.

- Date: 2022-04-27 · published 2022-04-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42101-ringgit-headed-for-steepest-monthly-decline-since-2016-fmt
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower oil prices and a weaker ringgit tied to China slowdown fears point to softer Malaysian export demand and reduced energy-linked support for vegetable oil prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -5.0% | -5.3% |
| WTI | 2020-03-27 | [Ringgit extends gains against US dollar in early session \| FMT](https://feedsoft.ai/events/54377-ringgit-extends-gains-against-us-dollar-in-early-session-fmt.md) | +37.1% | -32.8% |
| WTI | 2021-08-31 | [Oil prices near biggest monthly loss since October before OPEC meets](https://feedsoft.ai/events/45722-oil-prices-near-biggest-monthly-loss-since-october-before-opec-meets.md) | -1.2% | +8.9% |
| WTI | 2023-05-31 | [Canadian dollar pares monthly decline as rate hike bets climb - The Globe and Mail](https://feedsoft.ai/events/36178-canadian-dollar-pares-monthly-decline-as-rate-hike-bets-climb-the-globe-and-mail.md) | +3.3% | +0.1% |
| WTI | 2018-02-22 | [Feb 22: Ringgit slips against US dollar for fourth consecutive day](https://feedsoft.ai/events/66757-feb-22-ringgit-slips-against-us-dollar-for-fourth-consecutive-day.md) | -0.3% | +5.5% |
| BRENT | 2025-12-01 | [Monthly Review: Resilient domestic fundamentals anchor ringgit’s regional outperformance – November 2025 – Summary - MARC](https://feedsoft.ai/events/21787-monthly-review-resilient-domestic-fundamentals-anchor-ringgit-s-regional.md) | +0.7% | -1.8% |
| BRENT | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -6.1% | -7.8% |
| BRENT | 2017-11-29 | [Rupee rises for 3rd day, hits new 2-month high ahead of GDP data \| News on Markets - Business Standard](https://feedsoft.ai/events/68258-rupee-rises-for-3rd-day-hits-new-2-month-high-ahead-of-gdp-data-news-on-markets.md) | -0.7% | +4.2% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/nation/2022/04/27/ringgit-headed-for-steepest-monthly-decline-since-2016

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