# BNM: Ringgit up 1.4pc against US dollar in 1Q 2019 | Malay Mail

> Bank Negara Malaysia reported the ringgit rose 1.4% against the US dollar in the first quarter of 2019, driven by RM13.5 billion in portfolio inflows. From April to mid-May, however, it depreciated 2.2% amid cautious sentiment over global growth and trade.

- Date: 2019-05-16 · published 2019-05-16T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59340-bnm-ringgit-up-1-4pc-against-us-dollar-in-1q-2019-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency swings affect the landed cost of imported feed ingredients for Malaysian buyers, with the recent depreciation raising import costs.

## Read by commodity

- USDMYR: neutral

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/05/16/bnm-ringgit-up-1.4pc-against-us-dollar-in-1q-2019/1753502

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