# Continued non-resident inflow leads to Ringgit's appreciation: BNM - The Malaysian Reserve

> Bank Negara Malaysia reported non-resident inflows of RM12.1 billion into Malaysian financial markets in May, lifting the ringgit 1.7 percent against the dollar. Foreign inflows also reached RM9 billion into government bonds, pushing yields lower.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70758-continued-non-resident-inflow-leads-to-ringgit-s-appreciation-bnm-the-malaysian
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Strong foreign inflows that strengthen the ringgit can lower the ringgit cost of Malaysian palm oil and make ringgit-denominated exports cheaper for dollar buyers. The impact on feed markets is limited.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-19 | [Ringgit remains supported with higher China trade going into 2018 - The Malaysian Reserve](https://feedsoft.ai/events/67747-ringgit-remains-supported-with-higher-china-trade-going-into-2018-the-malaysian.md) | -0.6% | +3.1% |
| 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% |
| PALMOIL | 2018-07-31 | [Financial markets face continued non-resident outflows in June — BNM \| Borneo Post Online](https://feedsoft.ai/events/64294-financial-markets-face-continued-non-resident-outflows-in-june-bnm-borneo-post.md) | -1.1% | -0.9% |
| 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 | 2022-06-28 | [Ringgit appreciates against US dollar on improved market sentiment \| Malay Mail](https://feedsoft.ai/events/41230-ringgit-appreciates-against-us-dollar-on-improved-market-sentiment-malay-mail.md) | -24.1% | -29.6% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/06/30/continued-non-resident-inflow-leads-ringgits-appreciation-bnm/

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