# HSBC sees ringgit trading at 4.10-4.20 against US dollar in 2027

> HSBC Global Investment Research expects the ringgit to trade between 4.10 and 4.20 per US dollar in 2027, weaker than its current 4.05 to 4.10 range. HSBC's Asia FX head Joey Chew said the view assumes the Federal Reserve raises rates in December and that Bank Negara Malaysia will hike in early 2027. She also ruled out rate cuts while oil prices stay high and El Niño inflation risks persist.

- Date: 2026-11-02 · published 2026-11-02T21:12:22.153Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/75932-hsbc-sees-ringgit-trading-at-4-10-4-20-against-us-dollar-in-2027
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker ringgit raises the local cost of dollar-priced feed imports such as soymeal, corn and fishmeal, and elevated oil and El Niño risks keep feed input costs under pressure. The forecast is a currency outlook, not a new supply event, so its direct effect on grain prices is modest.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-27 | [Ringgit weakens past 4.00 against US dollar \| The Star](https://feedsoft.ai/events/20417-ringgit-weakens-past-4-00-against-us-dollar-the-star.md) | +0.1% | -1.4% |
| DXY | 2018-11-13 | [Ringgit ends lower against US dollar \| FMT](https://feedsoft.ai/events/62311-ringgit-ends-lower-against-us-dollar-fmt.md) | -0.4% | -0.2% |
| DXY | 2025-05-29 | [Ringgit slips against US Dollar as fed seen delaying rate cuts](https://feedsoft.ai/events/24947-ringgit-slips-against-us-dollar-as-fed-seen-delaying-rate-cuts.md) | -0.8% | -1.9% |
| DXY | 2025-06-01 | [Ringgit slips against US dollar as US Fed flags inflation worries](https://feedsoft.ai/events/24948-ringgit-slips-against-us-dollar-as-us-fed-flags-inflation-worries.md) | -0.5% | -1.9% |
| DXY | 2022-10-31 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/39386-ringgit-ends-lower-against-us-dollar-malay-mail.md) | -0.1% | -2.8% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/11/02/hsbc-sees-ringgit-trading-at-410-420-against-us-dollar-in-2027

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