# Rupiah, ringgit rise on energy prices, stocks extend rally | Reuters

> The Indonesian rupiah and Malaysian ringgit rose on March 1 as higher oil, coal and natural gas prices followed Russia's invasion of Ukraine. Palm oil prices also rose. The rupiah gained 0.2% and the ringgit 0.1%.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42532-rupiah-ringgit-rise-on-energy-prices-stocks-extend-rally-reuters
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger Asian currencies linked to commodity exporters tend to track firm energy and palm oil prices, which signal tighter vegetable oil supply and higher input costs for feed.

## Read by commodity

- USDIDR: bearish ▼
- USDMYR: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-04-30 | [Ringgit closes lower on volatile oil prices \| The Star](https://feedsoft.ai/events/19961-ringgit-closes-lower-on-volatile-oil-prices-the-star.md) | +0.5% | -1.1% |
| PALMOIL | 2022-02-18 | [Ringgit opens higher against US dollar on steady commodity prices](https://feedsoft.ai/events/42965-ringgit-opens-higher-against-us-dollar-on-steady-commodity-prices.md) | +2.8% | +10.5% |
| PALMOIL | 2018-02-28 | [Palm oil rises to seven-week top on weaker ringgit \| The Star](https://feedsoft.ai/events/10366-palm-oil-rises-to-seven-week-top-on-weaker-ringgit-the-star.md) | -0.9% | -2.6% |
| PALMOIL | 2026-03-06 | [Palm oil prices rise 4% as higher energy costs lift biofuel spread margins \| S&P Global](https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and.md) | +6.0% | +11.5% |
| PALMOIL | 2021-03-08 | [VEGOILS-Palm oil rises nearly 4% to two-month high as crude, soyoil rally By Reuters](https://feedsoft.ai/events/6562-vegoils-palm-oil-rises-nearly-4-to-two-month-high-as-crude-soyoil-rally-by.md) | +6.6% | -1.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/stocks/rupiah-ringgit-rise-energy-prices-stocks-extend-rally-2022-03-01/

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