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 USD/MYR v4

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my44
post Jul 13 2016, 04:55 PM

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Seems no volatile movement after we read about OPR cut. Maybe already past peak trading hours?

Or our interest rate is just a small factor overall?


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my44
post Jul 13 2016, 06:18 PM

Look at all my stars!!
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Senior Member
2,481 posts

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From: Cheras
QUOTE(nexona88 @ Jul 13 2016, 05:04 PM)
tomorrow onwards..  sweat.gif
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From my observation, movement of USD/MYR is not strictly during normal hours of BNM.

Some buying/selling occur also during EU/USA trading hours (night/midnight in Malaysia) via something called "Non Deliverable Forward" (which I don't really understand).

So there'll be movement (up/down) even official BNM rates close at local time. That's why I noticed xe.com & Yahoo! finance are showing exactly that.
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