OVERNIGHT
POLICY RATE
3.00%
as at 05 Sep 2024
MGS 10 YEAR
YIELD
3.72%
as at 03 Oct 2024
MYOR
3.00%
as at 03 Oct 2024
KL USD/MYR
REF RATE
4.2111
as at 03 Oct 2024
Daily FX
Turnover
USD 16.19B
as at 03 Oct 2024
Foreign Exchange Market

Accessing our Foreign Exchange Market

Currently, there are 163 AOOs from 21 banking groups operating in 35 countries that enable non-residents to undertake FX transactions involving ringgit directly overseas.

 

Appointed Overseas Office (AOO)

The AOO serves to facilitate wider price availability and enhance liquidity of ringgit FX transactions outside the Malaysian trading hours. Pilot AOOs publish the USD/MYR spot reference prices via major platforms after the Malaysian trading hours.

 

1. Listing by Banking Group [PDF, as at 12 June 2024]

2. Listing by Country [PDF, as at 12 June 2024]

3. FAQs

 

Counterparties

Counterparties comprise all the licensed onshore banks in Malaysia, both local and foreign banks, custodian banks both local custodians and global custodians as well as international central securities depositories that can be approached by investors for access to the Malaysian financial market, apart from the Appointed Overseas Offices (AOOs) available globally to facilitate investors.

List of Counterparties

 

Primary Market Makers

Building from the notable progress of the AOO Pilot Programme, in terms of improving investors' access to the ringgit market, particularly during London and New York trading hours, the structure was transitioned to a permanent arrangement with the following Pilot AOOs appointed as Primary Market Makers:

 

1. Bank of America

2. BNP Paribas

3. CIMB Bank

4. HSBC Bank

5. JP Morgan Chase

6. Maybank

7. Standard Chartered Bank

8. Deutsche Bank