Delayed conversions to ringgit contributes to weakness

Yeah says demand for the ringgit will rise if companies cooperate and bring back export proceeds in a timely fashion. — Bloomberg

IT appears that exporters and corporates have their reservations on the current state of the ringgit.

This seems to be so, as recent data by Bank Negara points to exporters and corporates having retained more of their sales proceeds in foreign currencies in recent times.