# USD/MYR to skid towards 4.05 by year-end as ringgit is significantly undervalued – ANZ — Octa

> ANZ economists forecast USD/MYR will fall to 4.05 by the end of 2021, arguing the ringgit is significantly undervalued. They cite a solid current account surplus and expected portfolio inflows as the vaccine rollout progresses, while acknowledging near-term volatility from US monetary policy.

- Date: 2021-06-23 · published 2021-06-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/46863-usd-myr-to-skid-towards-4-05-by-year-end-as-ringgit-is-significantly
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A forecast ringgit appreciation would lower the local-currency cost of imported dollar-priced feed ingredients, though it is only a forecast from one bank.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/908641/

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