# StanChart sees ringgit rising to 3.90 against US dollar by end-2021 | Malay Mail

> Standard Chartered forecast the ringgit would strengthen to 3.90 per US dollar by end-2021, with an overweight recommendation. The bank cited an improving global trade recovery, firmer commodity prices including palm oil and LNG, and a stronger yuan. It said the ringgit was still about 9% undervalued.

- Date: 2021-01-14 · published 2021-01-14T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49426-stanchart-sees-ringgit-rising-to-3-90-against-us-dollar-by-end-2021-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast ringgit appreciation would lower the local-currency cost of Malaysian-origin commodities such as palm oil and could ease import costs. The forecast is a view rather than a realized move.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-11-30 | [Ringgit ends higher against US dollar on positive China sentiment \| Malay Mail](https://feedsoft.ai/events/38930-ringgit-ends-higher-against-us-dollar-on-positive-china-sentiment-malay-mail.md) | +3.7% | -0.4% |
| 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 | 2022-06-28 | [Ringgit appreciates against US dollar on improved market sentiment \| Malay Mail](https://feedsoft.ai/events/41230-ringgit-appreciates-against-us-dollar-on-improved-market-sentiment-malay-mail.md) | -24.1% | -29.6% |
| PALMOIL | 2018-09-13 | [Expect US dollar to continue rising against ringgit, say economists \| FMT](https://feedsoft.ai/events/63307-expect-us-dollar-to-continue-rising-against-ringgit-say-economists-fmt.md) | -1.7% | -2.6% |
| PALMOIL | 2021-03-30 | [Ringgit opens easier against US Dollar](https://feedsoft.ai/events/48387-ringgit-opens-easier-against-us-dollar.md) | -4.0% | -0.7% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/01/14/stanchart-sees-ringgit-rising-to-3.90-against-us-dollar-by-end-2021/1940453

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