# Ringgit the best performing currency in Asia so far | Borneo Post Online

> Standard Chartered Bank Malaysia said the ringgit was the best-performing currency in Asia excluding Japan in the second quarter, gaining 2.5% against the dollar. Foreign investors had been net buyers of Malaysian equities for four months and had turned net buyers of Malaysian debt in April.

- Date: 2017-05-18 · published 2017-05-18T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71279-ringgit-the-best-performing-currency-in-asia-so-far-borneo-post-online
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Sustained ringgit gains lower dollar-priced feed import costs for Malaysian buyers, though the bank expects Bank Negara may limit appreciation by rebuilding reserves.

## Read by commodity

- USDMYR: bearish ▼

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/05/19/ringgit-the-best-performing-currency-in-asia-so-far/

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