# Ringgit surges to 4.06 against dollar | Malay Mail

> The ringgit closed at 4.0675/0725 per USD on December 4, its strongest level in 14 months, helped by strong October export forecasts, firm crude prices and foreign equity buying. Analysts cited OPEC's output-cut extension as supporting crude prices.

- Date: 2017-12-04 · published 2017-12-04T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/67748-ringgit-surges-to-4-06-against-dollar-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger ringgit on firm crude and export expectations supports Malaysian palm oil pricing dynamics and feeds into the cost base for regional vegetable oil supply.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDMYR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-12-10 | [Ringgit higher against US dollar at opening \| Malaysia now](https://feedsoft.ai/events/49922-ringgit-higher-against-us-dollar-at-opening-malaysia-now.md) | +5.2% | +14.7% |
| WTI | 2026-07-29 | [Ringgit shows slight gain against US dollar amid Fed meeting anticipation \| Malay Mail](https://feedsoft.ai/events/18625-ringgit-shows-slight-gain-against-us-dollar-amid-fed-meeting-anticipation-malay.md) | -2.7% | +8.2% |
| WTI | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | +12.5% | +19.3% |
| WTI | 2017-07-31 | [Oil surges as dollar continues slide against the yen \| EconomyNext](https://feedsoft.ai/events/70214-oil-surges-as-dollar-continues-slide-against-the-yen-economynext.md) | -0.3% | -4.0% |
| WTI | 2026-04-30 | [Ringgit closes softer against major currencies on oil volatility, US Fed stance \| Malay Mail](https://feedsoft.ai/events/19960-ringgit-closes-softer-against-major-currencies-on-oil-volatility-us-fed-stance.md) | -10.8% | -16.4% |
| BRENT | 2021-09-30 | [Ringgit opens lower against US dollar \| Malay Mail](https://feedsoft.ai/events/45319-ringgit-opens-lower-against-us-dollar-malay-mail.md) | +3.8% | +7.8% |
| BRENT | 2020-12-31 | [Ringgit extends gains against US dollar at opening \| Malay Mail](https://feedsoft.ai/events/49918-ringgit-extends-gains-against-us-dollar-at-opening-malay-mail.md) | +5.9% | +8.2% |
| BRENT | 2022-02-28 | [Ringgit opens firmer against US dollar, supported by oil prices \| Malay Mail](https://feedsoft.ai/events/42959-ringgit-opens-firmer-against-us-dollar-supported-by-oil-prices-malay-mail.md) | +23.1% | +23.8% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2017/12/04/ringgit-surges-to-4.06-against-dollar/1524901

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