# Malaysia does not have a target for the ringgit - The Business Times

> Malaysia's central bank governor said the bank has no target level for the ringgit. He said the currency is more stable after December measures and that the bank is considering longer hedging periods and hedging help for smaller firms.

- Date: 2017-03-23 · published 2017-03-23T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/72263-malaysia-does-not-have-a-target-for-the-ringgit-the-business-times
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Stable ringgit policy reduces near-term currency swings for Malaysian feed and oil importers, so it has little direct price impact on feed commodities.

## Read by commodity

- USDMYR: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/malaysia-does-not-have-target-ringgit

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