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Malaysian analysts say exporters can benefit from the weaker ringgit during the Covid-19 outbreak. The currency was at RM4.28 per US dollar, down 4.9% from January, and hit a low of RM4.44 on March 23.
A weaker ringgit makes Malaysian exports more competitive but raises the ringgit cost of dollar-priced imports such as feed ingredients, which pressures local feed costs.
focusmalaysia.myFocusMMar 27, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
