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 ringgit Malaysia drop , how to I change my RM to USD

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Showtime747
post Aug 18 2015, 12:49 PM

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QUOTE(wongmunkeong @ Aug 18 2015, 12:40 PM)
wah - U also bottom-line it to 1,200? me too.
hehe - great minds think alike... or hopefully not fools flock together.

anyhow, personally, i'll start baiting my hooks if KLCI hits below 1,400
and start fish bombing below 1,200 tongue.gif
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My Seafood, tongue.gif

1200 is just a wish. If RM stabilize at 4.1 - 4.2, then klci will rebound and won't reach 1200. My guess only lah....

I am already fishing now. At least get some smaller fish first. If 1200, then fish would be big tongue.gif

One theory is those foreigner want to leave, most would already left. Those still here will be for the longer term. So this theory sees there will be a limit to RM falling
Showtime747
post Aug 19 2015, 01:17 PM

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QUOTE(AVFAN @ Aug 19 2015, 01:09 PM)
oops... rm weakening again... 4.1077.


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Lunch time at bank negara now. Nobody to support the RM

Wait for the forex trader to finish their lunch, then RM will appreciate back... tongue.gif
Showtime747
post Aug 21 2015, 01:22 PM

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I am quite immune to the drop already. Like it is natural sweat.gif

Even drop to 4.5 now is like nothing to me. Like "of course it would....why so surprised ?" kind of reaction tongue.gif
Showtime747
post Aug 21 2015, 07:17 PM

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crude oil price is down now. When it rises back to $90-100 level, at 4.5 exchange rate, I am guessing Ron95 will be close to RM3/l. If the administration cannot afford to bring back subsidy, then high inflation can occur. Just hope that by that time, petronas can give more dividend to subsidize the retail petrol
Showtime747
post Aug 21 2015, 07:21 PM

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QUOTE(AVFAN @ Aug 21 2015, 06:55 PM)
more like some petrol tax to fund the budget deficit and all the "u-know-what" goodies.

i will not be surprised if some petrol or fuel tax will emerge in 2016 budget.
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Retail diesel is 1.95. Industrial diesel now can get around 1.55. We are already paying "petrol tax" quietly
Showtime747
post Aug 22 2015, 10:42 AM

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QUOTE(nexona88 @ Aug 22 2015, 09:50 AM)
I doubt there's such people in UxxO who have such good qualities.. all I see songlap kaki only

unless they take from "outside" like from corporate world nod.gif
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Ku Li could be the better one among the worst
Showtime747
post Aug 22 2015, 10:53 AM

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QUOTE(CKKwan @ Aug 21 2015, 07:44 PM)
When Petrolnas export, we export in USD, when convert back to RM at 4.16, it is very favorable.
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Ya. That would go straight into government coffer. Very Favorable to government.

But if the subsidy is not reintroduced (which I think so), we will pay market rate which will be very high. Inflation will set in.

So, RM depreciation is not a good thing for average consumer. Only small number of people benefits from RM depreciation
Showtime747
post Aug 22 2015, 09:10 PM

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QUOTE(AVFAN @ Aug 22 2015, 06:50 PM)
i just took a fresh look at the chart after putting in all the variables.
http://www.bloomberg.com/quote/USDMYR:CUR
u can pair as many as u like.

from that bloomberg fx chart, in the last 1 yr, against usd, from best to worst among the selected currencies:

chinese renminbi ("pegged", post devaluation)
thai baht
sing dollar
euro
japanese yen
korean won
indon rupiah
new zealand dollar
aussie dollar
malaysian ringgit

it is curious how come the thai baht is so strong? hmm.gif
big beneficiary of cheap oil?
thai exports exploding? (yes, i know and have visited some monster size rubber glove and food factories there)
bigger and bigger tourism $?
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1 year difference

USD/HKD 0.03%
USD/RMB 3.8%
USD/GBP 5.6%
USD/TWD 8.9%
USD/THB 11.8%
USD/SGD 12.7%
USD/JPY 17.4%
UDS/KRW 17.4%
USD/Eur 16.3%
USD/INR 19.4%
USD/CAD 20.5%
USD/NZD 25.8%
USD/AUD 27.3%
USD/MYR 31.9%
USD/RUB 92.6%

On Thailand, I think it is the perception and confidence it commands. Despite military coup, investors have more confidence in the army than a democratically elected but corrupt Thaksin government.

QUOTE
The Bank of Thailand has likely intervened at times to keep the baht stronger to try to avert capital outflows amid concerns about an expected U.S. Federal Reserve rate increase, said Charl Kengchon, managing director at Kasikorn Research. Such a move by the Fed could spark fund outflows from emerging markets such as Thailand, where bondholdings by overseas investors total as much as 600 billion baht ($18.38 billion), added Mr. Charl.

The country’s current-account surplus and large holdings of U.S. dollars have contributed to the baht’s relative strength in the region. The Thai central bank’s reserves of foreign currency declined to $155.4 billion by the end of January compared with $166.8 billion in January of last year, according to the Bank of Thailand.


http://www.wsj.com/articles/thailand-expor...ency-1423660862

This post has been edited by Showtime747: Aug 22 2015, 10:17 PM
Showtime747
post Aug 22 2015, 10:07 PM

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QUOTE(AVFAN @ Aug 22 2015, 09:55 PM)
We seem to be quite good with "bottoms"! tongue.gif

Thailand... Better the exporters complain rather than the rest of the people cry and suffer.
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I am so proud of our leaders thumbup.gif

On the data above, we missed out HKD which performed even better than CNY. Only 0.03%. On par with USD ! Hong Kong dollar is #1
Showtime747
post Aug 22 2015, 10:16 PM

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QUOTE(neonikson1 @ Aug 22 2015, 10:05 PM)
Yeah... We are No 1, ranked from the bottom!
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No lah, there are countries worse than us, like Russian ruble

You think easy to be number 1 (even from bottom) ? It takes the courage to start a war to be number 1. Our leaders are "good", but not that "great" tongue.gif
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post Aug 23 2015, 10:52 AM

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QUOTE(netmask8 @ Aug 23 2015, 09:52 AM)
Major currencies (India, Canada, NZ, Australia) also dropped against strengthening greenback. It is a global issue, as USA FED going to hike 1st interest rate in 9  years. So, don't ever trust 100% photoshop EDIT u saw in social networking, ok?
Be rational and critical thinking mind. Have a great day.
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Hi BN macai tongue.gif

The above table is calculated by me myself using the bloomberg link AVFAN provided. Not from social network or photoshopped. If you have passed your SPM maths, you should be able to verify the numbers. Numbers don't lie.

No doubt US$ is strengthening. But, if not because of the mess created by our "great" administrators in charge of economy, malaysia is a lot better than other countries. And we should be in the top half of the list, better than Singapore.

Ask your master to be rational and do some critical thinking instead. You day may be great, but they have made most malaysian's day bad
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post Aug 23 2015, 11:21 AM

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QUOTE(netmask8 @ Aug 23 2015, 11:06 AM)
Cannot elaborate, always links the person to mangali, mca, bn and so on names called. Be rational and smart critical thinking mind. Have a great day.
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Just want to let the readers here know you have personal agenda. But I guess my flagging is redundant because everybody here already know your political leaning tongue.gif
Showtime747
post Aug 23 2015, 11:25 AM

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QUOTE(AVFAN @ Aug 23 2015, 11:22 AM)
just ignore la... u can't teach a D who's sure it's dem smart. not yr loss, ok? tongue.gif

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Ya. They don't even know their days are numbered if they don't solve their mess

I have OTed so I shall stop tongue.gif
Showtime747
post Aug 23 2015, 02:59 PM

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QUOTE(neonikson1 @ Aug 23 2015, 12:08 PM)
Showtime bro, are you able to do a list like above by using RM vs other currency?  This will be very informational.  thumbup.gif
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Friend, you reference to USD and reference to MYR will be similar lah. Ie. you convert RM to USD, then USD to that particular currency. The result is similar (although not exact to the dot)

Anyway, here it is. Although I feel stupid to table it out doh.gif But I know you are sincere, so I do it for you tongue.gif

MYR/USD -31.8%
MYR/HKD -31.8%
MYR/RMB -26.9%
MYR/GBP -25.1%
MYR/TWD -21.0%
MYR/THB -18.1%
MYR/SGD -17.1%
MYR/JPY -12.3%
MYR/KRW -12.5%
MYR/Eur -12.6%
MYR/IDR -10.7%
MYR/CAD -10.3%
MYR/NZD -4.5%
MYR/AUD -3.6%
MYR/RUB +45.1% (bloomberg no MYR/RUB quote. I use USD as reference point)
Showtime747
post Aug 23 2015, 03:08 PM

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QUOTE(netmask8 @ Aug 23 2015, 12:20 PM)
Yeah, very informative with many currencies dropped against strengthening greenback.. Many countries are in currency war to depreciate their currencies, to boost competitive EXPORTS and tourism. Thanks for the great information, that linked it to strengthening greenback with 1st interest rate hike by USA FED soon.
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If your maths in SPM got a pass, you will know any currency quoted in USD or RM will be similar doh.gif

When the boss is stupid, so is the macai doh.gif doh.gif




Showtime747
post Aug 23 2015, 03:34 PM

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QUOTE(netmask8 @ Aug 23 2015, 03:20 PM)
Cannot elaborate, akways linked person to mangali, macai and other so on names called. Or whether maths in spm got a pass or not, it is not yr problem. Be rational and critical thinking mind. U already describes yrself here.  Cuurency wars are happening. Perhaps, do more reading will helps than name calling. Still never learn? KNS..
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You are a famous macai in LYN mah...everybody knew it

I have shown you cold hard numbers. All you can reply is just rhetorics ? When you can't even understand the simple numbers. What else can I described you ? brows.gif
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post Aug 23 2015, 03:44 PM

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QUOTE(ohcipala @ Aug 23 2015, 03:39 PM)
He kena brainwashed ady. Someone needs to crank open his head and press the reset button. Haha
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Macai follow boss cari makan mah. Have to do his job here...we have to understand his position
Showtime747
post Aug 23 2015, 11:14 PM

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QUOTE(netmask8 @ Aug 23 2015, 10:28 PM)
Always cannot elaborate, hence links to macai, mangali, and so on names calling. You are very "SMART" with yr good maths grade in SPM.
Kid, Your teacher must be very "proud" of you since you wrote nice wordings here.. Keep yr good effort and later, always cannot elaborate,
play finger pointing blame game or nice photoshop EDIT .  laugh.gif Hope LYN members trusted 100% yr game and photoshop.
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Looks like you are under pressure from your master to defend his wrong doing tongue.gif

If you want to convince people that RM depreciation is good for ordinary people, then post some solid numbers to show us. Like which goods and services is cheaper now. Then readers will decide who is BS tongue.gif
Showtime747
post Aug 23 2015, 11:17 PM

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QUOTE(netmask8 @ Aug 23 2015, 10:43 PM)
Great job for newbie.  rclxms.gif  But, still cannot elaborate why the world are playing currency wars.
1) Boost competitive EXPORTS and TOURISM  business.
2) Ppls will save more money in Bank, as they will HOLD any purchase other than basic need.
    If you want to purchase new smartphone and with weaker currency, you want hold and delay the plan.
    Hence, more cashflow in hand.

https://en.wikipedia.org/wiki/Maslow%27s_hierarchy_of_needs
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You sounds like a beggar who tell his son don't complain when nothing to eat. See....so many people from other countries are going on diet to keep slim tongue.gif
Showtime747
post Aug 23 2015, 11:24 PM

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QUOTE(AVFAN @ Aug 23 2015, 10:50 PM)
dunno, i suspect somewhere in south africa.
based on above, what common consumer product imports will be among the first to see hefty rise in prices?

i can think of mobile phones, tablets, ceiling fans, lights, clothing, canned food, paints...

what else?
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Car, medicine, fruits, watches, everything imported.

And the indirect effect will be seen in the next half year when local goods and services which uses imported parts and services from foreign countries. Especially when crude oil goes back to $100 in the future

Who will benefit ? The bosses who export stuff icon_rolleyes.gif

This post has been edited by Showtime747: Aug 23 2015, 11:25 PM

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