# Ringgit Closes Firmer After Bank Negara Holds OPR at 2.75%

> The ringgit closed firmer against the US dollar at MYR 4.0445-4.0490 after Bank Negara Malaysia kept its overnight policy rate at 2.75% at its final policy meeting of the year. The currency gained against several major peers and the Singapore dollar but weakened against the Thai baht, Indonesian rupiah and Philippine peso.

- Date: 2026-11-05 · published 2026-11-05T18:09:25.712Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/82119-ringgit-closes-firmer-after-bank-negara-holds-opr-at-2-75
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A firmer ringgit makes Malaysian palm oil slightly more expensive for ringgit-based buyers and can weigh on ringgit-priced palm oil futures, though the move is a modest one-session shift with limited direct effect on feed ingredient prices.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-10-31 | [Bank Negara’s OPR decision, Budget 2021, US elections to influence ringgit movement next week \| Malay Mail](https://feedsoft.ai/events/50887-bank-negara-s-opr-decision-budget-2021-us-elections-to-influence-ringgit.md) | +7.4% | +13.1% |
| PALMOIL | 2025-06-30 | [Ringgit closes higher against major currencies \| The Star](https://feedsoft.ai/events/24461-ringgit-closes-higher-against-major-currencies-the-star.md) | +2.5% | +5.5% |
| PALMOIL | 2022-11-25 | [MYR/USD: Malaysia Ringgit Rises to 3-Month High After New PM Appointment - Bloomberg](https://feedsoft.ai/events/38929-myr-usd-malaysia-ringgit-rises-to-3-month-high-after-new-pm-appointment.md) | +3.4% | -0.7% |
| PALMOIL | 2018-09-28 | [Ringgit, KLCI down after US interest-rate hike](https://feedsoft.ai/events/63304-ringgit-klci-down-after-us-interest-rate-hike.md) | +0.3% | -0.9% |
| PALMOIL | 2022-11-25 | [Malaysian ringgit extends gains on hopes of stability after PM appointment \| Financial Post](https://feedsoft.ai/events/38932-malaysian-ringgit-extends-gains-on-hopes-of-stability-after-pm-appointment.md) | +3.4% | -0.7% |

## Sources

- theledger.asia: https://theledger.asia/ringgit-closes-firmer-after-bank-negara-holds-opr-at-2-75/

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