# Malaysia's forex market more efficient now | The Star

> The Star reports that Malaysia's forex market has become more efficient following several central bank initiatives, including a requirement that exporters convert 75% of earnings back into ringgit.

- Date: 2017-12-21 · published 2017-12-21T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/67750-malaysia-s-forex-market-more-efficient-now-the-star
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Better FX market functioning reduces hedging costs for palm oil exporters, with limited direct effect on global feed prices.

## Read by commodity

- USDMYR: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-21 | [Statement by Financial Markets Committee: Updates on the Malaysian Financial Markets - Bank Negara Malaysia](https://feedsoft.ai/events/67745-statement-by-financial-markets-committee-updates-on-the-malaysian-financial.md) | -0.1% | +3.6% |
| PALMOIL | 2019-06-20 | [Malaysia keeps July crude palm oil export duty at 0% \| The Star](https://feedsoft.ai/events/58467-malaysia-keeps-july-crude-palm-oil-export-duty-at-0-the-star.md) | -0.9% | -1.8% |
| PALMOIL | 2017-02-27 | [Malaysia's currency curbs boomerang on bond markets](https://feedsoft.ai/events/72756-malaysia-s-currency-curbs-boomerang-on-bond-markets.md) | -3.0% | -4.8% |
| PALMOIL | 2021-01-13 | [The EU's watershed deforestation moment? - Fern](https://feedsoft.ai/events/49162-the-eu-and-039-s-watershed-deforestation-moment-fern.md) | -4.6% | -6.0% |
| PALMOIL | 2018-07-10 | [New Malaysian plantations minister challenged to find new markets for palm oil  : The Daily Digest](https://feedsoft.ai/events/63908-new-malaysian-plantations-minister-challenged-to-find-new-markets-for-palm-oil.md) | -3.0% | -4.0% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2017/12/22/central-bank-forex-market-more-efficient-now/

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