# 2017 recovery year for ringgit, BNM measures place in check | Malay Mail

> The Malay Mail reviewed the ringgit's 2017 performance, noting a rebound from a 19-year low to a 10% total return. It credited Bank Negara Malaysia's measures, rising crude prices and better export data for the recovery.

- Date: 2017-12-30 · published 2017-12-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/67746-2017-recovery-year-for-ringgit-bnm-measures-place-in-check-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A firmer ringgit lowers the local cost of imported feed inputs and can soften Malaysian palm oil prices, though the effect on global feed prices is limited.

## Read by commodity

- USDMYR: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-10-31 | [Affin Hwang: Clearer policies in Budget 2019 to give ringgit, Bursa lift \| Malay Mail](https://feedsoft.ai/events/62791-affin-hwang-clearer-policies-in-budget-2019-to-give-ringgit-bursa-lift-malay.md) | -3.7% | -8.1% |
| PALMOIL | 2018-12-31 | [Ringgit’s performance mixed in 2018 mainly due to external factors \| Malay Mail](https://feedsoft.ai/events/61798-ringgit-s-performance-mixed-in-2018-mainly-due-to-external-factors-malay-mail.md) | +5.3% | +8.0% |
| PALMOIL | 2024-09-26 | [BNM deputy governor: Malaysia’s reforms and US interest rate clarity keep ringgit on the up \| Malay Mail](https://feedsoft.ai/events/28588-bnm-deputy-governor-malaysia-s-reforms-and-us-interest-rate-clarity-keep.md) | +8.4% | +9.5% |
| PALMOIL | 2019-06-29 | [Ringgit’s performance hinges on outcome of US-China talks \| Malay Mail](https://feedsoft.ai/events/58857-ringgit-s-performance-hinges-on-outcome-of-us-china-talks-malay-mail.md) | -2.4% | -0.2% |
| PALMOIL | 2024-02-21 | [The Malaysian Ringgit and Thai Baht face persistent depreciatory pressures](https://feedsoft.ai/events/31955-the-malaysian-ringgit-and-thai-baht-face-persistent-depreciatory-pressures.md) | +0.3% | +9.0% |

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2017/12/30/2017-recovery-year-for-ringgit-bnm-measures-place-in-check/1542669

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