# BNM: Ringgit strengthens 2.9pc against US dollar in Q3 | Malay Mail

> Bank Negara Malaysia said the ringgit appreciated 2.9% against the US dollar in Q3 2020 on non-resident portfolio inflows. The central bank added that the ringgit had gained a further 0.6% since end-September as of November 12.

- Date: 2020-11-13 · published 2020-11-13T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50407-bnm-ringgit-strengthens-2-9pc-against-us-dollar-in-q3-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The central bank's statement confirms a sustained ringgit appreciation driven by capital inflows, which modestly lowers ringgit costs for Malaysian importers of feed inputs.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2020/11/13/bnm-ringgit-strengthens-2.9pc-against-us-dollar-in-q3/1922296

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