# Ringgit Surge Pain: Exporters feel pinch but rise reflects economic health - CGTN

> The ringgit has risen about 13% against the US dollar over the past year and is among Asia's strongest currencies. The rise has helped consumers and the government but squeezes Malaysian exporters such as rubber glove makers, whose sales are dollar-denominated.

- Date: 2018-03-20 · published 2018-03-20T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/66276-ringgit-surge-pain-exporters-feel-pinch-but-rise-reflects-economic-health-cgtn
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit lowers the cost of dollar-priced imports for Malaysian buyers and reflects healthy export-led growth, but it reduces the competitiveness of Malaysian exports.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- news.cgtn.com: https://news.cgtn.com/news/7951544d79454464776c6d636a4e6e62684a4856/share_p.html

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