# Weaker ringgit to benefit exporters, say analysts - Focus Malaysia

> 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.

- Date: 2020-03-27 · published 2020-03-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/54378-weaker-ringgit-to-benefit-exporters-say-analysts-focus-malaysia
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- focusmalaysia.my: https://focusmalaysia.my/weaker-ringgit-to-benefit-exporters-say-analysts/

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