Not much of movement today
1.00 USD  = 3.81658 MYR

Malaysian central bank defends ailing ringgit amid political storm
By Reuters / Reuters  | July 7, 2015 : 7:10 PM MYT 

SINGAPORE (July 7): Malaysia's central bank intervened for a third successive trading day on Tuesday to support the ringgit currency, traders said, as corruption allegations swirled round Prime Minister Najib Razak, raising doubts over his grip on power.

Thanks to Bank Negara's damage limitation, the ringgit has lost only 0.8 percent since the political storm broke on Friday, but it has weakened past an old currency peg of 3.80 per dollar, fixed in September 1998 during the Asian financial crisis and scrapped in 2005.
http://www.theedgemarkets.com/my/article/m...political-storm

1.00 USD  = 3.83299 MYR 
Heading to 3.85 tomorrow?

Hi guys.

do you all bet on SGD or USD? any difference?

1.00 USD  = 3.7966 MYR 

How long will BNM support MYR @ 3.80 considering its international Reserves is dropping? 

Foreign Exchange Reserves in Malaysia increased to 107424.10 USD Million in May of 2015 from 106113.20 USD Million in April of 2015.
http://www.tradingeconomics.com/malaysia/f...change-reserves

MYR have depreciated from 3.65 end of May to 3.80 now
I reckon BNM have utilized sizeable sum to support

Sellers wil want to up the price when the exchange rate goes against them,.. becos they are not stupid too. The sellers would know how to calculate in order to MAXIMISE their profits. Secondly, do not forget tht the ingredients required to produce the commodity may be imported. Using yr example here, it would be fertilizers. If the RM drops badly against many currency regimes, thn the cost of fertilzers wil go up, increasing the cost of producing the palm oil. Increased cost means need to sell at a higher price again.

It's "theoretical" to say when currency weakens, it benefits export.

There are hard facts which say otherwise, Malaysia exports have been diminishing :-

http://www.thestar.com.my/Business/Busines...fall/?style=biz

And the amount of export seems to get worse and worse.

Ringgit seen undervalued based on economic fundamentals
http://www.thestar.com.my/Business/Busines...tals/?style=biz

1.00 USD  = 3.79230 MYR 
Not much movement today

Ringgit likely to stay below 3.80 to US$
http://www.thestar.com.my/Business/Busines...036;/?style=biz

Foreign investors offloaded RM811.7m last week
http://www.theedgemarkets.com/my/article/f...8117m-last-week

we are back then ady   

So anyone can advise how to do that. The nearest country is singapore. Do singapore bank allow us to bank in money there even though we are not residents or working there?

I know can buy Singapore stocks or Singapore REIT... but how about bank in? =))

Two possibilities :-
1) Chek with HSBC, if you have an account there. can thy help to open one in Sgp for you ?
2) If you have enuff dough, call a private banking instituin based in Sgp.

Hi,
Just want to ask, we saw that bnm defended the ringgit at 3.8. So in the event US increase the rates, any chance it will go beyond 3.8?
Cause the way I am looking at is bnm won't let it go pass 3.8. But we all know that can only happen if bnm have enough foreign reserve.
Need your opinions

The ringgit rate now is not reflective of M'sia's economic fundamentals
http://www.theedgemarkets.com/my/article/f...ic-fundamentals

Malaysia's July 1-15 palm oil exports down 14.6 pct m/m - ITS
15 Jul 2015
http://www.theedgemarkets.com/en/content/s...20oil%20exports

or NZD even? theyre pretty low for us to jump ship too

is buying AUD stocks or keeping excess of AUD a good plan B now? For real I have more confidence in the land down under compared to our stupid jibby nation..

we have no idea what the fundamental of RM should be.
do we know?
Zeti said it's undervalued, but Zeti may not be faithful because of her position and responsibility for RM's stability.
Well, fundamental of Malaysia is the key factor to judge RM's fundamental.
Major concern for all of us today is political unstable and our inability to mature the level of corruption by government. 

so conclusion for myself is: i don't know. i've no idea.
therefore, what best for me is to diversified my assets under different currencies, now at USD and HKD, which is not very good because these two is kind of linked together actually. But in long term, I still see HKD moving towards RMB. In past 2-3 years, I have gradually moving my RM assets (stocks) into USD and HKD assets (stocks), now already reached 50:50. My target is continue moving out from RM, probably reaching 30:70 stage. Probably should start looking at emerging markets such as Vietnam and India.

Funny how, I am actually looking at Iskandar to be major beneficiary of Singapore. If Iskandar works out well, I should buy Singapore assets (stocks) instead of Iskandar assets. The best is that SGD is a great currency. 

Why wiuld you want to diversify into the emerging mkts like Vetnam and India now ?

Uncertainties cloud ringgit’s true value
http://www.thestar.com.my/Business/Busines...alue/?style=biz
When v can expect those uncertainties disappear?

Avoid herd mentality as almost every Ppl said MYR is useless
Instead, sit down n wait for the dust to clear b4 action

Malaysia main imports are: electrical and electronic products (27 percent), chemicals (9 percent) and machinery, appliances and parts (8 percent). Malaysia's main import partners are: China (16 percent), Singapore (12 percent), Japan (8 percent) and the United States (8 percent).
http://www.tradingeconomics.com/malaysia/imports