Malaysia to Switch Ringgit Fixing to Transaction Model

Corrected
  • Move to boost transparency; target date for adoption July 18
  • Will also extend ringgit trading by one hour to 6 p.m.

Malaysia plans to switch the way it provides a daily reference for the ringgit’s exchange rate against the dollar next month to boost transparency, according to the central bank.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.