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A retrospective review describes the ringgit's volatile 2019, with the currency trading in a 550-point range during November and closing at 4.1335 on December 13. Trade tensions between Washington and Beijing kept the currency sensitive to trade headlines.
Malaysia's political succession uncertainty was cited as an additional risk.
Because Malaysia is export-oriented, trade-headline swings that move the ringgit also affect the local-currency value of palm oil and other commodity exports. Investors should expect continued sensitivity to US-China developments.
themalaysianreserve.comDec 16, 2019Not 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.
