# Ringgit at 4.15 to US dollar at end of 2019, says MIDF Research | Malay Mail

> MIDF Research forecasts the ringgit will average RM4.15 per dollar in 2019, given year-to-date levels near RM4.13. It expects the declining Brent price to weigh on the currency, offset by Fed rate cuts that could bring capital inflows. It also expects domestic demand to be supported by the 25 basis point OPR cut.

- Date: 2019-09-19 · published 2019-09-19T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/57344-ringgit-at-4-15-to-us-dollar-at-end-of-2019-says-midf-research-malay-mail
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The forecast of a firmer ringgit and lower oil prices bears on Malaysian import costs for feed inputs and palm oil demand, with limited near-term price impact.

## Read by commodity

- BRENT: bearish ▼
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-07-26 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/46327-ringgit-ends-lower-against-us-dollar-malay-mail.md) | +3.4% | -12.3% |
| BRENT | 2022-11-29 | [Ringgit retreats to open lower against US dollar \| Malay Mail](https://feedsoft.ai/events/38931-ringgit-retreats-to-open-lower-against-us-dollar-malay-mail.md) | -0.4% | +0.0% |
| BRENT | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -6.1% | -7.8% |
| BRENT | 2020-03-22 | [Ringgit opens lower against US dollar in early session \| Malaysiakini](https://feedsoft.ai/events/54380-ringgit-opens-lower-against-us-dollar-in-early-session-malaysiakini.md) | -10.0% | -19.8% |
| BRENT | 2020-12-07 | [Ringgit falls against US dollar on lack of demand, lower Fitch downgrade \| Malaysia now](https://feedsoft.ai/events/49924-ringgit-falls-against-us-dollar-on-lack-of-demand-lower-fitch-downgrade.md) | +1.7% | +8.6% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/09/19/ringgit-at-4.15-to-us-dollar-at-end-of-2019-says-midf-research/1792081

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