# Fitch Solutions revises both 2021 and 2022 exchange rate forecasts to RM 4.05 - BusinessToday

> Fitch Solutions revised its 2021 and 2022 average ringgit forecasts to 4.05 per US dollar from 4.15. The revision reflects the ringgit's strong rally over the second half of 2020 and expected loose US monetary and fiscal policy. The research house flagged downside risks from Malaysia's third COVID-19 wave.

- Date: 2021-01-06 · published 2021-01-06T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/49428-fitch-solutions-revises-both-2021-and-2022-exchange-rate-forecasts-to-rm-4-05
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit forecast lowers the local cost of dollar-priced imports such as feed ingredients. The revision is a forecast change and not a new supply or demand shock.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2021/01/06/fitch-solutions-revises-both-2021-and-2022-exchange-rate-forecasts-to-rm-4-05/

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