# Ringgit is expected to reach RM3.80 this year

> United Overseas Bank (Malaysia) expects the ringgit to strengthen to RM3.80 per US dollar by end-2018, citing supportive global growth and domestic consumption. It sees fair value between RM3.60 and RM3.70 but warns trade tensions and Malaysian elections could hold back investors.

- Date: 2018-03-26 · published 2018-03-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/66274-ringgit-is-expected-to-reach-rm3-80-this-year
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A forecast ringgit appreciation would ease the cost of dollar-denominated imports for Malaysian buyers, while the stated risks point to possible near-term dollar strength.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/03/26/ringgit-is-expected-to-reach-rm3-80-this-year/

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