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

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wil-i-am
post Aug 25 2015, 09:53 PM

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Just clear position tis morning
Awaiting MYR to head South brows.gif
wil-i-am
post Aug 26 2015, 06:44 AM

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QUOTE(Euthenics @ Aug 26 2015, 12:58 AM)
Some analyst said RM will head North now. Market correction to happen.
Fundamentally, nothing changed but panic selling might have give way to calm now.

Will see how tomorrow goes.
*
I suppose speculation overwrites panic selling
wil-i-am
post Aug 26 2015, 06:34 PM

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QUOTE(AVFAN @ Aug 26 2015, 10:34 AM)
rm is worst in asia.

appreciated against russian and brazilian currencies.

asian champion again today, -2% close to 4.28.
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Not tat bad coz BNM close @ 4.2520
wil-i-am
post Aug 26 2015, 06:56 PM

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QUOTE(AVFAN @ Aug 26 2015, 06:37 PM)
watch next 2 days.

today, mgs yield 4.44% (4.45 high)
http://www.bnm.gov.my/index.php?tpl=govtsecuritiesyield
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I suppose tis will attract another group of Investors to buy MGS as the yield is attractive
Thus, wat is the optimum level to ntice new Investors to buy?
wil-i-am
post Aug 26 2015, 10:56 PM

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QUOTE(langstrasse @ Aug 26 2015, 08:55 PM)
http://www.cnbc.com/2015/08/25/new-1mdb-fe...nggitagain.html
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1MDB have denied the news
wil-i-am
post Aug 27 2015, 01:13 PM

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Holding on to 4.2355 now
wil-i-am
post Aug 27 2015, 01:34 PM

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QUOTE(AVFAN @ Aug 27 2015, 01:23 PM)
forgot to refresh?!

4.2580

http://www.bloomberg.com/quote/USDMYR:CUR
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Most likely
BNM close @ 4.2490 at noon
wil-i-am
post Aug 27 2015, 03:06 PM

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QUOTE(AVFAN @ Aug 27 2015, 10:31 AM)
no need for int rate hikes?

then, likely some form of capital control may be in the making.

which will most likely make things worse.
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The ony comfort is Ppl can't borrow MYR n short
wil-i-am
post Aug 27 2015, 09:31 PM

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QUOTE(AVFAN @ Aug 27 2015, 08:06 PM)
gst will need to be hiked >5% to be meaningful.
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GST @ 11% is very Taxing sweat.gif

wil-i-am
post Aug 27 2015, 10:46 PM

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QUOTE(Showtime747 @ Aug 27 2015, 05:12 PM)
Surprise surprise !! RM has a good day today  rclxms.gif

US$4.2079
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Better than BNM closing of 4.2325
wil-i-am
post Aug 27 2015, 11:01 PM

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USD/MYR will head South tmrw as both WTI n Brent Crude Oil up around 5%

This post has been edited by wil-i-am: Aug 27 2015, 11:01 PM
wil-i-am
post Aug 28 2015, 06:34 AM

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Both WTI n Brent Crude Oil up around 10%
USD/MYR is heading South n could hit 4.15 today
wil-i-am
post Aug 28 2015, 02:00 PM

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USD/MYR close @ 4.2140 as per BNM during noon
Current quote around 4.2125
Today seems to b very calm ahead of Merdeka
wil-i-am
post Aug 29 2015, 08:17 AM

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28 Aug 2015 00:00 UTC - 29 Aug 2015 00:06 UTC
USD/MYR close:4.17200 low:4.16620 high:4.21566

USD/MYR is improving gradually in tandem with the improvement in world oil price
Will tis momentum continue?
wil-i-am
post Aug 29 2015, 08:36 AM

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QUOTE(AVFAN @ Aug 29 2015, 08:33 AM)
crude gained >15% in last 2 days.

rm gained....1%! biggrin.gif

when crude price rise, the usd weakens at the same time.

let's see next week how much more can crude gain after short covering done.
*
Can v establish MYR : Oil price ratio @ every 1% : 15% moving forward?
wil-i-am
post Aug 29 2015, 10:52 AM

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Bank Negara's INCEIF says Malaysia 'in a crisis of confidence and credibility'
http://www.theedgemarkets.com/my/article/b...and-credibility

Our leaders continue to operate on denial mode n in isolation
wil-i-am
post Aug 30 2015, 07:42 AM

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Ringgit will continue to plunge unless ‘someone’ not around, says Dr Mahathir
http://www.themalaysianinsider.com/malaysi...around-say-dr-m

Wat is the target by end of 3Q2015?
wil-i-am
post Aug 30 2015, 10:04 PM

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Came across an article on food import bill
Apparently our food import bill is around RM25 bil pa
Since our MYR have depreciated around 20% (from 3.4965 on 31/12/2014 to 4.20 now), v could b paying xtra RM5 bil pa
Having said tat, not all imports r in USD
Nevertheless, RM1 bil (assume 20% in USD) pa is a hefty sum for all citizen in addition to 6% GST
wil-i-am
post Aug 31 2015, 01:56 PM

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QUOTE(AVFAN @ Aug 31 2015, 01:36 PM)
where u get that?

this one shows usd 4.1982...! biggrin.gif
http://www.bloomberg.com/quote/USDMYR:CUR
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Here
30 Aug 2015 05:50 UTC - 31 Aug 2015 05:52 UTC
USD/MYR close:4.17202 low:4.17199 high:4.20227
http://www.xe.com/currencycharts/?from=USD&to=MYR
wil-i-am
post Aug 31 2015, 05:29 PM

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QUOTE(AVFAN @ Aug 31 2015, 03:41 PM)
i think will hanging around 4.20 for some weeks.
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Provided there is no major surprises on 4/9 when BNM announce the status of our Reserves @ 28/8
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