ringgit Malaysia drop , how to I change my RM to USD
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 Mar 31 2015, 04:15 PM
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Junior Member
79 posts Joined: May 2014 
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Gloom gloom....
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Mar 31 2015, 04:16 PM
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Junior Member
222 posts Joined: Sep 2014
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QUOTE(nexona88 @ Mar 31 2015, 04:08 PM) hahaha.. NOPE Who's the model? So pretty  |
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Mar 31 2015, 04:28 PM
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All Stars
48,479 posts Joined: Sep 2014 From: REality
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QUOTE(Croner @ Mar 31 2015, 04:16 PM) Who's the model? So pretty Raline Shah.. Indonesian Actress |
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Apr 11 2015, 05:51 PM
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All Stars
24,455 posts Joined: Nov 2010
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if bernama (dun forget the usual "optimism") has this to say, it's worth watching next week.
rm closed 3.6685 yesterday. QUOTE WEEK AHEAD: Ringgit to trade between 3.63 and 3.70 against dollar Full article: http://www.malaysia-chronicle.com/index.ph...3#ixzz3WzcGmdJA Follow us: @MsiaChronicle on Twitter and what is it that we keep hearing this fund, that fund all taking money offshore and not show nice major local investments that bring good pay jobs and wealth right here, strengthen the rm? QUOTE Ringgit drops most since January on EPF property plan KUALA LUMPUR, April 10 — Malaysia’s ringgit extended losses to drop the most since January after a state pension fund said it’s in talks to buy more property in the UK - See more at: http://www.themalaymailonline.com/money/ar...h.HYISRk6J.dpuf This post has been edited by AVFAN: Apr 11 2015, 06:09 PM |
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Apr 12 2015, 03:58 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth. 
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sometimes I wonder why do they even bother buying stuff in UK.
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Apr 12 2015, 05:54 PM
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All Stars
24,455 posts Joined: Nov 2010
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QUOTE(billytong @ Apr 12 2015, 03:58 PM) sometimes I wonder why do they even bother buying stuff in UK. maybe if they dun do that, they will hv to buy mas, proton, 1mdb...!! |
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Apr 12 2015, 07:13 PM
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Senior Member
9,361 posts Joined: Aug 2010
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For geographicl diversification.
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Apr 12 2015, 08:14 PM
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All Stars
48,479 posts Joined: Sep 2014 From: REality
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QUOTE(AVFAN @ Apr 12 2015, 05:54 PM) maybe if they dun do that, they will hv to buy mas, proton, 1mdb...!! +9999better invest in UK & get some profit from it  |
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Apr 12 2015, 09:47 PM
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Senior Member
808 posts Joined: Apr 2009
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QUOTE(nexona88 @ Apr 12 2015, 08:14 PM) +9999 what product can buy in uk, suggestion? better invest in UK & get some profit from it  |
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Apr 13 2015, 07:43 PM
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Junior Member
181 posts Joined: Jun 2011
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Best of luck guys
Attached thumbnail(s) 
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Apr 13 2015, 08:01 PM
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(AVFAN @ Apr 11 2015, 05:51 PM) if bernama (dun forget the usual "optimism") has this to say, it's worth watching next week. They are smart.. UK property is a pretty good buy now. Office space is like 300gbp per person per month, and that's just table space. say they can fit about 40 people there, so we are talking about 12,000GBP a month. Subtract power and water and cleaning, and it's still a good long-term investment.rm closed 3.6685 yesterday. and what is it that we keep hearing this fund, that fund all taking money offshore and not show nice major local investments that bring good pay jobs and wealth right here, strengthen the rm? |
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Apr 13 2015, 08:03 PM
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(pustapazik @ Apr 13 2015, 07:43 PM) Best of luck guys Yea, do you see what I see? |
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Apr 13 2015, 08:21 PM
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Junior Member
181 posts Joined: Jun 2011
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QUOTE(wodenus @ Apr 13 2015, 08:03 PM) Yea, do you see what I see? Hehe may the force be with us n not forcing us. Lol |
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Apr 13 2015, 08:23 PM
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Senior Member
9,048 posts Joined: Jan 2003
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3.71 today.
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Apr 13 2015, 09:09 PM
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All Stars
24,455 posts Joined: Nov 2010
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QUOTE(pustapazik @ Apr 13 2015, 08:21 PM) Hehe may the force be with us n not forcing us. Lol if u r not close to 55, it will be difficult to withstand the force of the sith lords. luke skywalkers and obiwans are either too old, dead or incarcerated.QUOTE(acbc @ Apr 13 2015, 08:23 PM) 3.71 today. bernama quoted this last weekend:WEEK AHEAD: Ringgit to trade between 3.63 and 3.70 against dollar so, watch out for next bernama forecasts... if it says "3.6x to 3.73", u know it will go below 52 week low of of 3.735. This post has been edited by AVFAN: Apr 13 2015, 09:11 PM |
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Apr 13 2015, 09:40 PM
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Junior Member
181 posts Joined: Jun 2011
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QUOTE(AVFAN @ Apr 13 2015, 09:09 PM) if u r not close to 55, it will be difficult to withstand the force of the sith lords. luke skywalkers and obiwans are either too old, dead or incarcerated. Been converting my saving since July 14, all out in Nov 14 bernama quoted this last weekend: WEEK AHEAD: Ringgit to trade between 3.63 and 3.70 against dollar so, watch out for next bernama forecasts... if it says "3.6x to 3.73", u know it will go below 52 week low of of 3.735.  waiting for break 3.80. See u at 4.20 |
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Apr 13 2015, 09:41 PM
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All Stars
24,455 posts Joined: Nov 2010
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QUOTE(pustapazik @ Apr 13 2015, 09:40 PM) Been converting my saving since July 14, all out in Nov 14 4.20... wow! waiting for break 3.80. See u at 4.20 |
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Apr 13 2015, 09:49 PM
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Junior Member
181 posts Joined: Jun 2011
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QUOTE(AVFAN @ Apr 13 2015, 09:41 PM) 4.20... wow! If its break 3.80 lvl la hehe |
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Apr 14 2015, 10:02 AM
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All Stars
24,455 posts Joined: Nov 2010
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QUOTE Malaysia raising $2 billion as worst Asia currency saps reserves SINGAPORE/KUALA LUMPUR (Apr 14): Malaysia is tapping the U.S. dollar bond market for the first time in four years as it burns through foreign-exchange reserves defending Asia’s worst currency. ... Foreign reserves plunged to $105 billion at the end of March, a $25 billion drawdown from a year earlier and the steepest slide among Asia’s large economies during that period. Its currency has tumbled 15 percent since June as Brent crude fell about 50 percent, with the ringgit closing at its lowest since 2006 last month. “The sharp decline in foreign exchange reserves started close to December and it was a result of upward pressure in the dollar-ringgit exchange resulting from a sharp decline in oil prices,” said Rohit Arora, an Asia interest rates strategist at Barclays Plc in Singapore. “The central bank might have smoothened the exchange rate volatility, resulting in a decline in reserves.” ... Amid the political noise, foreign ownership of Malaysian local bonds dropped to the lowest since August 2013 in March, data compiled by Bloomberg show, placing further strain on the currency. The government will be hoping to woo back some of those buyers this week. “I suspect these deals are used to build reserves, but also to continue to meet the interests of investors worldwide,” Jonathan Lemco, a fixed-income money manager and principal at Vanguard Group Inc., the world’s biggest mutual-fund company, said in an April 9 e-mail. “They are opportunities to meet the sovereign’s borrowing needs at attractive rates.” http://www.theedgemarkets.com/my/article/m...y-saps-reserves This post has been edited by AVFAN: Apr 14 2015, 01:17 PM |
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Apr 14 2015, 11:33 AM
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Senior Member
9,361 posts Joined: Aug 2010
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Forex interventn needs capitl, so BNM taps ths captal frm its forex hldings, causng the amt of holdings to drop. The lesser holdings we hav, it translates into the poorer we are on the world stage. Wth this low forex holdings, we cant even peg anymore because no more money to defend a peg.
Now turning to issuing bonds in USD to strengthn forx holdngs. I wonder wht will the bonds be rated as, and if there are really takers for the bonds. |
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