# USD/MYR to dip to 4.12 by year-end as ringgit finds support from strong trade surplus – ANZ — Octa

> ANZ Bank forecasts USD/MYR will fall to 4.12 by end-2021 and to 4.03 by end-2022, citing strong terms of trade and a resilient export sector. The bank expects continued demand for commodities and high oil prices to support the ringgit.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/45316-usd-myr-to-dip-to-4-12-by-year-end-as-ringgit-finds-support-from-strong-trade
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A firmer ringgit would make dollar-priced Malaysian palm oil relatively more expensive for buyers outside Malaysia, a modest headwind for palm oil prices if the forecast plays out.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-08-31 | [Ringgit set to gain further against US dollar with support from economic data and Fed moves \| Malay Mail](https://feedsoft.ai/events/29071-ringgit-set-to-gain-further-against-us-dollar-with-support-from-economic-data.md) | +3.9% | +7.1% |
| PALMOIL | 2025-12-01 | [MYR/USD: Malaysia Ringgit Nears Four-Year High as Economy Gains Strength](https://feedsoft.ai/events/22207-myr-usd-malaysia-ringgit-nears-four-year-high-as-economy-gains-strength.md) | +1.9% | -0.1% |
| PALMOIL | 2020-10-28 | [EMERGING MARKETS-Malaysian shares slip on political woes as trade data supports ringgit](https://feedsoft.ai/events/50890-emerging-markets-malaysian-shares-slip-on-political-woes-as-trade-data-supports.md) | +3.6% | +12.6% |
| PALMOIL | 2021-01-14 | [StanChart sees ringgit rising to 3.90 against US dollar by end-2021 \| Malay Mail](https://feedsoft.ai/events/49426-stanchart-sees-ringgit-rising-to-3-90-against-us-dollar-by-end-2021-malay-mail.md) | -4.2% | -7.6% |
| PALMOIL | 2024-07-31 | [MYR/USD: Malaysia Ringgit Rebound Set to Accelerate on Fed Rate Cuts, Exports - Bloomberg](https://feedsoft.ai/events/29549-myr-usd-malaysia-ringgit-rebound-set-to-accelerate-on-fed-rate-cuts-exports.md) | -1.9% | +1.5% |

## Sources

- ms.octabroker.com: https://ms.octabroker.com/markets/news/view/927329/

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