The new mechanism to determine the ringgit’s value based on volume traded would minimise the chances of collusion among banks to fix the Malaysian currency at a rate that does not reflect its fundamentals.
It will also enhance the integrity of the rate-setting process.
According to several foreign-exchange (forex) strategists, the new mechanism that will take effect on July 18 this year is also expected to reduce volatility of the currency, while making it more market-driven.
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It will also enhance the integrity of the rate-setting process.
According to several foreign-exchange (forex) strategists, the new mechanism that will take effect on July 18 this year is also expected to reduce volatility of the currency, while making it more market-driven.
For Free Signals and other KLSE online updates, click here 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 Feel Free To Mail Us at : info@epicresearch.my
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