# Report: Ringgit strongest currency in Asia | Malaysiakini

> A Bloomberg report says the ringgit has been the strongest Asian currency this quarter, outpacing the renminbi by a wide margin. The article links the gain to global monetary stimulus, foreign stock inflows, and speculation of an early Malaysian election.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70757-report-ringgit-strongest-currency-in-asia-malaysiakini
- 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 ringgit cost of Malaysian palm oil exports and raises the local-currency price of imported feed inputs. The effect on feed prices is modest and indirect.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-08-02 | [Ringgit on Best Run in 14 Years as Malaysia’s Outlook Brightens](https://feedsoft.ai/events/29078-ringgit-on-best-run-in-14-years-as-malaysia-s-outlook-brightens.md) | -2.0% | +1.6% |
| PALMOIL | 2025-09-30 | [Malaysia currency outlook - FurtherAsia](https://feedsoft.ai/events/23164-malaysia-currency-outlook-furtherasia.md) | +0.3% | +0.4% |
| PALMOIL | 2024-07-31 | [Ringgit nears 11-month high in 9-day rally against US dollar \| Malaysiakini](https://feedsoft.ai/events/29550-ringgit-nears-11-month-high-in-9-day-rally-against-us-dollar-malaysiakini.md) | -1.9% | +1.5% |
| PALMOIL | 2024-04-08 | [BNM: Coordinated efforts strengthened ringgit, no plans for capital controls \| Malaysiakini](https://feedsoft.ai/events/31022-bnm-coordinated-efforts-strengthened-ringgit-no-plans-for-capital-controls.md) | -1.3% | -10.7% |
| PALMOIL | 2018-08-06 | [Ringgit falls to 2018 low as Asia currencies weaken \| The Star](https://feedsoft.ai/events/63778-ringgit-falls-to-2018-low-as-asia-currencies-weaken-the-star.md) | +1.8% | +0.9% |

## Sources

- malaysiakini.com: https://www.malaysiakini.com/news/386927

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