# Ringgit's bumpy ride in 2016 | Malaysiakini

> The ringgit ended 2016 at 4.4845/4875 per dollar, depreciating 4.53 percent over the year. Weak oil prices, expectations of US rate normalisation and concerns over China's economy weighed on the currency throughout the year.

- Date: 2016-12-31 · published 2016-12-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73729-ringgit-s-bumpy-ride-in-2016-malaysiakini
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

The year-end review confirms a persistently weaker ringgit, which keeps the local cost of dollar-priced feed imports elevated heading into 2017.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaysiakini.com: https://www.malaysiakini.com/news/367747

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