KUALA LUMPUR (July 6): Malaysia’s daily foreign exchange (forex) turnover declined to below US$6 billion (about RM24.93 billion) for the first time since February 2021 after the figure dropped sharply to US$5.88 billion yesterday from US$9.81 billion last Friday, according to Bank Negara Malaysia's (BNM) latest updates.

Last Thursday, the figure stood at US$9.89 billion versus US$10.39 billion last Wednesday, the central bank said.

The last time the nation's daily forex turnover declined to below US$6 billion was on Feb 15, 2021, when the figure stood at US$5.37 billion compared with US$7.53 billion on Feb 11, 2021, according to BNM.

Today, the central bank could not be immediately reached to ascertain the reason behind the sharp drop in the country's daily FX turnover yesterday.