# Ringgit ditutup tinggi berbanding dolar AS - Sinar Harian

> The ringgit closed higher against the US dollar on June 23, 2020, supported by firmer oil prices and comments from Finance Minister Tengku Zafrul on the economy. Brent crude rose 2.1% to US$43.08 a barrel on limited supply from major producers. The minister also said most of Malaysia's government debt is domestic, limiting foreign exchange exposure.

- Date: 2020-06-23 · published 2020-06-23T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52888-ringgit-ditutup-tinggi-berbanding-dolar-as-sinar-harian
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer ringgit lifts the local-currency cost of palm oil for foreign buyers, which can soften export demand. Higher crude oil prices support palm oil through biodiesel demand.

## Read by commodity

- BRENT: bullish ▲
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| 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 | 2020-12-10 | [Ringgit higher against US dollar at opening \| Malaysia now](https://feedsoft.ai/events/49922-ringgit-higher-against-us-dollar-at-opening-malaysia-now.md) | +4.3% | +14.2% |
| BRENT | 2026-09-16 | [Why US$100 oil, 5% US yields affect Singdollar, ringgit differently vs other Asean currencies - The Business Times](https://feedsoft.ai/events/17725-why-us-100-oil-5-us-yields-affect-singdollar-ringgit-differently-vs-other-asean.md) | -8.7% | -0.8% |

## Sources

- sinarharian.com.my: https://www.sinarharian.com.my/article/89154/bisnes/ringgit-ditutup-tinggi-berbanding-dolar-as

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