# Ringgit could hit 4.00 by year-end

> Analysts expect the ringgit to strengthen to 4.00 per dollar by end-2020 on higher energy prices and foreign direct investment inflows. They see the currency unlikely to trade above 4.30-4.35, and the ringgit is up 4.94% year to date.

- Date: 2020-07-01 · published 2020-07-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52378-ringgit-could-hit-4-00-by-year-end
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A stronger ringgit tied to firmer oil prices would raise the dollar cost of Malaysian palm oil, supporting vegetable oil prices for feed buyers.

## Read by commodity

- BRENT: bullish ▲
- USDMYR: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-27 | [Ringgit weakens past 4.00 against US dollar \| The Star](https://feedsoft.ai/events/20417-ringgit-weakens-past-4-00-against-us-dollar-the-star.md) | +6.6% | -1.9% |
| BRENT | 2021-05-27 | [Supercharged commodities may rescue ringgit hit by Covid surge » The Capital Post](https://feedsoft.ai/events/47364-supercharged-commodities-may-rescue-ringgit-hit-by-covid-surge-the-capital-post.md) | +3.1% | +9.9% |
| BRENT | 2020-04-27 | [Ringgit opens higher against US dollar](https://feedsoft.ai/events/53928-ringgit-opens-higher-against-us-dollar.md) | +19.9% | +86.8% |
| BRENT | 2020-04-30 | [Ringgit opens higher against USD](https://feedsoft.ai/events/53929-ringgit-opens-higher-against-usd.md) | +33.7% | +72.6% |
| BRENT | 2017-12-04 | [Ringgit surges to 4.06 against dollar \| Malay Mail](https://feedsoft.ai/events/67748-ringgit-surges-to-4-06-against-dollar-malay-mail.md) | -0.6% | +4.0% |
| PALMOIL | 2022-02-28 | [Ringgit could be more well-positioned in the medium term](https://feedsoft.ai/events/42960-ringgit-could-be-more-well-positioned-in-the-medium-term.md) | +9.2% | +9.9% |
| PALMOIL | 2021-05-27 | [Supercharged commodities may rescue ringgit hit by Covid surge » The Capital Post](https://feedsoft.ai/events/47364-supercharged-commodities-may-rescue-ringgit-hit-by-covid-surge-the-capital-post.md) | -1.6% | -13.2% |
| PALMOIL | 2016-11-28 | [Ringgit Lesu, Harga CPO Tembus Level Tertinggi Baru](https://feedsoft.ai/events/10931-ringgit-lesu-harga-cpo-tembus-level-tertinggi-baru.md) | +3.7% | +4.4% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2020/07/01/ringgit-could-hit-4-00-by-year-end/

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