Malaysian exporters have been urged to consider hedging the current level of ringgit, which is said to be best level for export, against the US dollar, besides increasing productivity by using local raw materials.
Malaysia External Trade Development Corporation (Matrade) chief executive officer Datuk Dzulkifli Mahmud said Malaysian exporters, who obtained their revenue in US dollar, enjoyed a profit due to declining dollar, but as the ringgit depreciation was temporary in nature, hedging it to maintain the best level of exports was justified.
"The cost of hedging method is rather small, so consult your banks and financial institutions.
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Malaysia External Trade Development Corporation (Matrade) chief executive officer Datuk Dzulkifli Mahmud said Malaysian exporters, who obtained their revenue in US dollar, enjoyed a profit due to declining dollar, but as the ringgit depreciation was temporary in nature, hedging it to maintain the best level of exports was justified.
"The cost of hedging method is rather small, so consult your banks and financial institutions.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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