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

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Zanmai0146
post Aug 13 2015, 12:13 PM

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QUOTE(nexona88 @ Aug 13 2015, 11:54 AM)
1.00 SGD  = 2.86 MYR  yawn.gif
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Not really monitor for sgd value.. My sg ocbc have very small amount only. laugh.gif

More concern on usd drool.gif
Jliew168
post Aug 13 2015, 12:15 PM

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QUOTE(richstars8818 @ Aug 13 2015, 11:16 AM)
Good to hear. My SGD still haven't close position yet... wonder it will hovers around 2.9? hmm...
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Boss u hold many currency ohh.... biggrin.gif
nexona88
post Aug 13 2015, 12:18 PM

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QUOTE(Zanmai0146 @ Aug 13 2015, 12:13 PM)
Not really monitor for sgd value.. My sg ocbc have very small amount only. laugh.gif

More concern on usd drool.gif
*
What's your TP to offload USD? hmm.gif
Zanmai0146
post Aug 13 2015, 12:27 PM

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QUOTE(nexona88 @ Aug 13 2015, 12:18 PM)
What's your TP to offload USD?  hmm.gif
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Already offload 40% of my usd. Left remaining 60% will separated to 20/20/20

My range will be around 3.90-4.10... Waiting for U.S. interest hike decision next month. Rates might go up will 4.20
AVFAN
post Aug 13 2015, 12:35 PM

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QUOTE
Bank Negara Malaysia (BNM) governor Tan Sri Zeti Akhtar Aziz broke her silence today and dismissed speculation that she will be resigning anytime soon. She told reporters she intends to see out her five-year term, which ends next year. “I certainly will remain in office until my term ends,” she said at a press at a briefing at the BNM headquarters in Kuala Lumpur today. – August 13, 2015. - See more at: http://www.themalaysianinsider.com/malaysi...h.MkHcfz1T.dpuf
wil-i-am
post Aug 13 2015, 12:41 PM

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QUOTE(aurora97 @ Aug 13 2015, 12:09 PM)
By the way, my bank just informed me they reduced their ECOF, so i am paying less interest as of the month of Aug 2015.
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Is ECOF refers to xx Cost of Funds?
wil-i-am
post Aug 13 2015, 01:18 PM

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Malaysia’s Growth Cools as Pressure Builds to Boost Confidence
http://www.bloomberg.com/news/articles/201...oost-confidence

Key word from Zeti
The drop in reserves was anticipated, and the central bank will set about to rebuild them, Zeti said. They remain ample to facilitate international transactions, she said

Can u trust her?
aurora97
post Aug 13 2015, 01:26 PM

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QUOTE(wil-i-am @ Aug 13 2015, 12:41 PM)
Is ECOF refers to xx Cost of Funds?
*
Ops my bad, should have said base rate.

Effective cost of funds is used for share margin financing, pai seh.

Anyway my
sos interest rate
nexona88
post Aug 13 2015, 03:26 PM

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QUOTE(Zanmai0146 @ Aug 13 2015, 12:27 PM)
Already offload 40% of my usd. Left remaining 60% will separated to 20/20/20

My range will be around 3.90-4.10... Waiting for U.S. interest hike decision next month. Rates might go up will 4.20
*
good plan u have there rclxms.gif


Hansel
post Aug 13 2015, 05:49 PM

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I read that many here intend to change back to RM when a certain TP is reached for the different foreign currencies tht they are holdng. As for me, I will only convert back if I need to use the money in Msia. Otherwise, I will leave them out there in their respective denominations.
nexona88
post Aug 13 2015, 05:59 PM

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1.00 USD = 4.02 MYR

looks like stabilized at tis level hmm.gif
AVFAN
post Aug 13 2015, 06:57 PM

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QUOTE(nexona88 @ Aug 13 2015, 05:59 PM)
1.00 USD  = 4.02 MYR

looks like stabilized at tis level  hmm.gif
*
biggrin.gif

12 Aug 2015 10:50 UTC - 13 Aug 2015 10:52 UTC
USD/MYR close:4.04100 low:3.95403 high:4.06568

maybe more reaction tmrw to zeti's "dun ask me".

QUOTE
RM2.6 billion donation to Najib not within Bank Negara’s purview, says Zeti - See more at: http://www.themalaysianinsider.com/malaysi...h.ZWsNY7F7.dpuf
Hansel
post Aug 13 2015, 08:22 PM

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Convert into the SGD, buy some SG REITs. Never go wrong.


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nexona88
post Aug 13 2015, 11:07 PM

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1.00 USD = 4.03 MYR

1.00 SGD = 2.88 MYR

yawn.gif
wil-i-am
post Aug 14 2015, 06:50 AM

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The Time to Sell the Dollar Is Now as Fed Gets Real on Liftoff
http://www.bloomberg.com/news/articles/201...real-on-liftoff

Will history repeat?
cherroy
post Aug 14 2015, 08:21 AM

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QUOTE(Hansel @ Aug 13 2015, 08:22 PM)
Convert into the SGD, buy some SG REITs. Never go wrong.
*
But reit may have difficult time ahead at least for near term due to US raising rate, and potential slowdown in property sector.
Also, Singapore property has been softening lately.

So for near term, reit outlook is not that good.

Longer term, yes may be.
AVFAN
post Aug 14 2015, 09:30 AM

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QUOTE(wil-i-am @ Aug 14 2015, 06:50 AM)
The Time to Sell the Dollar Is Now as Fed Gets Real on Liftoff
http://www.bloomberg.com/news/articles/201...real-on-liftoff

Will history repeat?
*
i think so. just be ready to sell! laugh.gif

`It does tend to go up in advance of an actual rate hike, but it's one of those cases where people buy the rumor and sell the fact.''

unless the rm gets hammered by even more and worse politics which is possible.
wil-i-am
post Aug 14 2015, 10:09 AM

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Ringgit weakens to fresh level against US dollar at 4.0722
AVFAN
post Aug 14 2015, 10:23 AM

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QUOTE(wil-i-am @ Aug 14 2015, 10:09 AM)
Ringgit weakens to fresh level against US dollar at 4.0722
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rm is biggest loser in asia this morning, -1.5%.

other asian currencies, less than -0.5%.

think all due to crude, about to crash below 40.



less revenue from petronas, less div to putrajaya.

more debt or higher gst soon? or both?

This post has been edited by AVFAN: Aug 14 2015, 10:24 AM
wil-i-am
post Aug 14 2015, 10:26 AM

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QUOTE(AVFAN @ Aug 14 2015, 10:23 AM)
rm is biggest loser in asia this morning, -1.5%.

other asian currencies, less than -0.5%.

think all due to crude, about to crash below 40.
less revenue from petronas, less div to putrajaya.

more debt or higher gst soon? or both?
*
I suppose Putrajaya will unveil 'unfriendly' 2016 Budget to mitigate the impact
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