# Mahathir says ringgit's fair value is 3.8 to US dollar, same as Asia financial crisis peg - The Business Times

> Malaysian Prime Minister Mahathir Mohamad said the ringgit's fair value is 3.8 per US dollar, about 5% stronger than its current level. He blamed the currency's weakness on global emerging-market stress, Fed tightening and US-China trade worries.

- Date: 2018-06-21 · published 2018-06-21T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64774-mahathir-says-ringgit-s-fair-value-is-3-8-to-us-dollar-same-as-asia-financial
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Official comments on a much stronger fair value signal possible policy attention to the ringgit, but the currency remains weak and raises feed import costs for now.

## Read by commodity

- USDMYR: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/mahathir-says-ringgits-fair-value-38-us-dollar-same-asia-financial-crisis-peg

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