{"id":1734,"date":"2021-06-02T04:09:54","date_gmt":"2021-06-01T20:09:54","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/?post_type=article&p=1734"},"modified":"2021-09-09T12:31:54","modified_gmt":"2021-09-09T04:31:54","slug":"kecekapan-pasaran-pertukaran-wang-asing-di-malaysia","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/kecekapan-pasaran-pertukaran-wang-asing-di-malaysia\/","title":{"rendered":"Kecekapan Pasaran Pertukaran Wang Asing di Malaysia"},"content":{"rendered":"

This study aims to examine the efficiency of the foreign exchange market ( PPWA ) in Malaysia, focusing on the issue of forward exchange rate ( KPWAH) as a predictor of future spot exchange rate ( KPW AS) . In examining the issue, daily and monthly bilateral data of Ringgit Malaysia ( RM) against US dollar ( AS$) , Pound Sterling (\u00a3) , Deutschemark ( DM ) , Japanese Yen ( \u00a5) , and Singapore dollar (s$) were used. The data were also divided into three samples; the whole sample and two sub-samples. The test was carried out using ordinary least squares ( OLS) method. The results show that KPWAH is not a good predictor of future KPWAS and this indicates that forward exchange market in Malaysia is inefficient. The results were consistent under all circumstances, using either daily or monthly data, and using either the whole sample or two sub-samples.<\/p>\n","protected":false},"template":"","tags":[],"jel-code":[],"article-type":[1329],"class_list":["entry","author-jem","post-1734","article","type-article","status-publish","article-type-normal-article"],"yoast_head":"\nKecekapan Pasaran Pertukaran Wang Asing di Malaysia | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/kecekapan-pasaran-pertukaran-wang-asing-di-malaysia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kecekapan Pasaran Pertukaran Wang Asing di Malaysia | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"This study aims to examine the efficiency of the foreign exchange market ( PPWA ) in Malaysia, focusing on the issue of forward exchange rate ( KPWAH) as a predictor of future spot exchange rate ( KPW AS) . In examining the issue, daily and monthly bilateral data of RinggitContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/kecekapan-pasaran-pertukaran-wang-asing-di-malaysia\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-09T04:31:54+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/kecekapan-pasaran-pertukaran-wang-asing-di-malaysia\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/kecekapan-pasaran-pertukaran-wang-asing-di-malaysia\\\/\",\"name\":\"Kecekapan Pasaran Pertukaran Wang Asing di Malaysia | Jurnal Ekonomi Malaysia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\"},\"datePublished\":\"2021-06-01T20:09:54+00:00\",\"dateModified\":\"2021-09-09T04:31:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/kecekapan-pasaran-pertukaran-wang-asing-di-malaysia\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/kecekapan-pasaran-pertukaran-wang-asing-di-malaysia\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/kecekapan-pasaran-pertukaran-wang-asing-di-malaysia\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/article\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Kecekapan Pasaran Pertukaran Wang Asing di Malaysia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#website\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"name\":\"Jurnal Ekonomi Malaysia\",\"description\":\"Universiti Kebangsaan Malaysia\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#organization\",\"name\":\"Jurnal Ekonomi Malaysia\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"contentUrl\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/cropped-browser-icon-letter-1.png\",\"width\":512,\"height\":308,\"caption\":\"Jurnal Ekonomi Malaysia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ukm.my\\\/jem\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\",\"https:\\\/\\\/x.com\\\/EkonomiJurnal\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kecekapan Pasaran Pertukaran Wang Asing di Malaysia | Jurnal Ekonomi Malaysia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ukm.my\/jem\/article\/kecekapan-pasaran-pertukaran-wang-asing-di-malaysia\/","og_locale":"en_US","og_type":"article","og_title":"Kecekapan Pasaran Pertukaran Wang Asing di Malaysia | Jurnal Ekonomi Malaysia","og_description":"This study aims to examine the efficiency of the foreign exchange market ( PPWA ) in Malaysia, focusing on the issue of forward exchange rate ( KPWAH) as a predictor of future spot exchange rate ( KPW AS) . 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