Forex rates: A money changer quoting rates at his outlet in Kuala Lumpur.
KUALA LUMPUR: The difference in the trade between the offshore and onshore ringgit market narrowed yesterday, indicating that the volatility in the domestic currency has reduced for now.
As at yesterday evening, the offshore non-deliverable forward (NDF) yield for the one-month tenure was at 4.99%, while the onshore one-month yield was at 3.29%, a difference of 1.7%. A day earlier, the difference was almost 5%.
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