# FMC: Ringgit stable amid declining exchange rate volatility

> The Financial Markets Committee said the ringgit has been stable amid US policy uncertainty ahead of the Trump administration. Average intraday ringgit movement narrowed to about 61 points from 82 in December, and FX trade totalled US$10.7 billion in early January.

- Date: 2017-01-17 · published 2017-01-17T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73256-fmc-ringgit-stable-amid-declining-exchange-rate-volatility
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Reduced ringgit volatility lowers hedging costs for Malaysian feed importers, a modest positive for their purchasing predictability.

## Read by commodity

- USDMYR: neutral

## Sources

- nst.com.my: https://www.nst.com.my/business/2017/01/205053/fmc-ringgit-stable-amid-declining-exchange-rate-volatility

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