# Little Respite For Ringgit In Controversial Hedging Rules - Global Finance Magazine

> Bank Negara's new onshore hedging and FX rules limit exporters to retaining 25% of export proceeds in foreign currency and cap hedging tenor at six months. Banks and treasurers criticised the rules, which may increase pressure on the ringgit.

- Date: 2017-01-18 · published 2017-01-18T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/73261-little-respite-for-ringgit-in-controversial-hedging-rules-global-finance
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Tighter hedging rules raise costs and uncertainty for Malaysian importers of feed, adding upward pressure on the USD cost base.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- gfmag.com: https://gfmag.com/features/controversial-new-hedging-rules-provide-little-respite-ringgit/

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