USD/MYR

[Jacky2000]

Any one knows how to trade the above currency pair?

Any Broker provide this pair?

 

[Shiny Things]

Any one knows how to trade the above currency pair?

Any Broker provide this pair?

I'm not 100% sure about the retail side, but I can tell you it's going to be hard to find. USDMYR is a restricted pair, because of Malaysia's capital controls - you can only really trade it through NDFs (non-deliverable forwards). Even when I was doing this on the institutional side I couldn't trade deliverable MYR.

Your best best would probably be "don't bother". Maybe try Saxo - they have a pretty decent range of currencies to blow yourself up in - or if you have a private-banking hookup, ask them; any decent NDF desk on the street should be able to quote you USDMYR NDFs.

 

[aoptionwriter]

Thanks for the explanation because the same question always pop up in my mind too. Another pair is SGD/MYR, I think it is out of reach for retailer too for the same reason. I am sure a number of Singaporean and Malaysian are interested to hedge their investment in either side of the causeway.

I'm not 100% sure about the retail side, but I can tell you it's going to be hard to find. USDMYR is a restricted pair, because of Malaysia's capital controls - you can only really trade it through NDFs (non-deliverable forwards). Even when I was doing this on the institutional side I couldn't trade deliverable MYR.

Your best best would probably be "don't bother". Maybe try Saxo - they have a pretty decent range of currencies to blow yourself up in - or if you have a private-banking hookup, ask them; any decent NDF desk on the street should be able to quote you USDMYR NDFs.

 

[snakey256]

use IB to get the pair.

 

[flikmy]

use IB to get the pair.

Believe IB doesn't do MYR. Tried looking for it on their site but it isn't listed.

 

[Shiny Things]

use IB to get the pair.

IB doesn't do MYR.

I don't know of any brokers off the top of my head that will do MYR or cross-MYR. Try asking the punters in one of the FX threads; they might know.