# Ringgit, Asia's second best performing currency last year

> 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.

- Date: 2018-02-15 · published 2018-02-15T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/66759-ringgit-asia-s-second-best-performing-currency-last-year
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2018/02/335743/ringgit-asias-second-best-performing-currency-last-year

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