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Bank Negara Malaysia Rate |
Bank Negara Malaysia Rates are classified into various categories which include exchange rate, interest rate, Islamic Interbank, Kijang Emas, Malaysian Government Securities and Fully Automated System for Issuing and Tendering.
The exchange rates are the rates of several currencies available from the Interbank Foreign Exchange Market in Kuala Lumpur. However, a few of major foreign currencies are only listed on its website.
The interest rates are the conventional inter bank rates which are calculated on the daily deposit rates. It depends on the individual rates and the volume of transactions.
Kijam Emas provides the daily trading price of buying and selling gold bullion coins. One can also see the current prices and rates from the website of the bank.
Islamic Interbank rate is the daily based average rates of deposits at the Interbank Money Market in Kuala Lumpur. It is same as the interest rate and calculated on the several types of tenures such as overnight, weekly and monthly basis.
Bank Negara Malaysia Exchange Rate
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The Bank Negara Malaysia exchange rate is the equivalent rate of Malaysian Ringgit to other foreign currencies. For example the exchange rate of 1RM to the USD is equal to 0.3276, but this exchange rate may be varied according to the market condition and it also not confers same value for all other types of currencies. One can also calculate the exchange rate with the calculator available on the website of the bank. Furthermore, they also provide exchange rate historical lookup of various foreign currencies based on the information provided by the Interbank Foreign Exchange Market in Kuala Lumpur. On the other hand, you can also see the historical rate chart of 1 year on their website. Additionally, you can visit the following link, if you want to know more about the daily exchange rate and others.
http://www.bnm.gov.my/index.php?ch=12&pg=629&eId=box1
Bank Negara Malaysia Interest Rate
As mentioned earlier, the interest rates are average deposit rates which are calculated on the daily basis as well as weekly and monthly. For further information about the funding rate, housing loan rate and fixed deposit rate, you can refer the news, press release, annual and quarterly reports etc.
Besides, one can also refer the website of the bank for more detailed information about the BNM rates.
Website: http://www.bnm.gov.my/index.php?ch=12
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