for the faint hearted, better dun look at usd but look at aud, u'll be happier.

aud is rm2.93x only, still cheap.

This post has been edited by AVFAN: Aug 11 2015, 06:14 PM

Just <2 weeks ago it was 2.7xxx

so, you bought aud or not today?

i took yr advice to buy a bit of sgx stocks today.

rate should be 2.840. now it's showing 2.861.

looks like any currency u buy now, it's ok.

This post has been edited by AVFAN: Aug 11 2015, 07:18 PM

No I didn't buy anything today This morning, AUD drop to 2.89xx, SGD 2.82xx. But quickly went up

Last week, was expecting Aud to drop further, but BANG !! it went up instead. I actually missed the SGD/AUD parity because I didn't return call to my bank RM. Was asking her to call me if it went parity. Missed the boat

I think the whole of malaysia demoralised with US$/RM4. Very malu and angry. Everyone I met also Ptui Ptui Ptui !

look at jp yen also very happy one, still low enough

Is Malaysian Ringgit dropping a good or bad thing?

Good for people that are doing business as they have excuse to increase the price of goods.
Bad for consumers

depends on who

if u get revenue in USD & all cost in MYR - profit @ good

if Revenue in MYR & cost in USD - loss @ bad

Good for tourism.jk

The price of imported materials will increase thus increasing the final price of the product.

aud is highly dependent on iron ore exports to china.

china isn't going to buy more so soon, rmb just devaluated.

i doubt the aud can stay strong for too long, will have to adjust soon, imo.

From the man on the street point of view, everything imported and also Malaysia manufactured goods which use imported parts will increase in price. Ie. Your purchasing power is reduced ---> lower living standard

Definitely a bad thing for ordinary people

But business which export will make more RM selling overseas ---> good for bosses and government who collect more tax from these businesses

Are you a ordinary people or a boss who export overseas ?

Market always give surprises. With sudden twist of events, everything will turn 180 degree over night.

If suddenly Iran fires a nuclear bomb into Saudi Arabia tonight, next morning oil price will shoot up to $100 and suddenly RM become 3.30

Anything can happen

Came across an article of Strong Dollar

Is a Strong Dollar a Good Thing or a Bad Thing?
http://www.forbes.com/sites/bobmcteer/2015...or-a-bad-thing/

actually, i m curious what are the biz that have >90% cogs local rm sourcing and >90% usd revenues...?

gloves n condoms come to mind but isn't much of the latex now imported from thailand? thai baht isn't cheap anymore.

local fruits, maybe... but that is miniscule, no?

belacan, chili, sauces... not much i think, thailand's got a lot lot more going.

overall, not much, not many "bosses" laughing to the bank, no?

This post has been edited by AVFAN: Aug 11 2015, 09:52 PM

Consider high for me... I havent finish change for my trip, Last time I change RM 3.025. Now RM 3.17.

Majority of Petronas revenues are in usd.

wow... touched 4.0078 already... those experts just said it wont touch 4.00 2 weeks ago... investors are running away....fast!

Tmrw onwards, invite astrologer to comment

Unless bnm impose capital control and rise bank interest rate, 4.20 is probable.

How to hike int rate when all economic indicators r weak?