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Analysts said the ringgit is likely to perform better in 2018, supported by Malaysia's improved balance of payments in 2017. The currency averaged 4.30 per US dollar in 2017, Asia's second-best performance, and is up about 3% year to date.
Forecasts point to a narrower but still positive current account surplus in 2018.
A stable or firmer ringgit lowers the local-currency cost of dollar-priced feed and energy imports. Slower export growth could weigh on palm oil and other Malaysian export receipts.
nst.com.myNST BusinessFeb 15, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
