Non Deliverable Forwards (NDFs) were quite unknown until recent times when BNM highlighted them as a problem relating to the pricing of the Ringgit. But do they deserve this bad rep? We dissect the underlying rationale for NDFs and their existence, as well as why they are so popular

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Tags:  Hedging,  BNM,  Ringgit,  FX volatility,  offshore markets,  onshore,  liquidity,  Economy, Markets