Another way to flip currency at a much safer way (no leverage).
Can open dual currency accounts in Maybank or HSBC requesting them to convert from USD > AUD or MYR > AUD with a target rate. The money will be kept for 1 week, option to 1 month also can. If the spot rate upon maturity is lower than target rate, your money will be converted to the respective currency. If it doesnt, you will be paid 20-30% interest pending on term and currency pair.

For example, i just changed USD 100K into AUD last few days and put at 0.9083 with 7 days maturity.
Upon maturity, if the spot market rate is lower than my put, it will be converted to AUD 110.09K + 22% of interest p.a @ USD100K. If it doesnt, bank will pay me at USD 100K @ 22% p.a = USD 421.

Comparing to currency exchange over the counter, bank or money changer usually charge 200-300 pips different to spot market which is quite alot for some amount.

Put in FX FD lor...

The dual currency acc is more suitable for those who can hold both currencies at any time, in large amount. This method is more protective if wan convert large amount.

Errr... go for hsbc. Rm200k can open premier acc

We only interested in AUD. Yup. Zero interest for SGD n USD.

U can get slightly better rate with hsbc premier acc.

To open the hsbc dual currency acc u need income of more than rm300k pa or so.... Or net worth of > 3mil... or u can put in large sum into the dual currency acc. Can discuss with the RM. Got $, anything also can.

Bro, where do u work? How old r u? Own stay or investment? Where do u currently stay?