Nope, is people that simply following this were stupid. Is part of speculator's game.
Donkey years ago, when rm3.80 dropped back to rm3, where's that money gone
And now, from rm3 to rm4.20, again, where the money goes again

You need to check who rule Malaysia that time. If the person who succeed Anwar or Tun Mahathir is 'pandai' in this stuff, then Malaysia ringgit will remain stable as it is.

Hi BN macai

The above table is calculated by me myself using the bloomberg link AVFAN provided. Not from social network or photoshopped. If you have passed your SPM maths, you should be able to verify the numbers. Numbers don't lie.

No doubt US$ is strengthening. But, if not because of the mess created by our "great" administrators in charge of economy, malaysia is a lot better than other countries. And we should be in the top half of the list, better than Singapore.

Ask your master to be rational and do some critical thinking instead. You day may be great, but they have made most malaysian's day bad

Cannot elaborate, always links the person to mangali, mca, bn and so on names called. Be rational and smart critical thinking mind. Have a great day.

Rather than getting solid and practical solution for the current ongoing economy situation..

They still fooling around with 2.6b

SGD is dropping a more than 10% too. Thought MAS intervene USD/SGD pair with huge reserve?

Just want to let the readers here know you have personal agenda. But I guess my flagging is redundant because everybody here already know your political leaning

just ignore la... u can't teach a D who's sure it's dem smart. not yr loss, ok?

even for the rm, local and foreign bankers's been wrong in the last year on how low it went.

nothing is static, very dynamic in fact, incl fast pace foreign development.

rm is at the mercy of usd, rmb, commodity prices, bursa foreign investors, foreigner held debt, etc.

after the china devaluation, the latest forecasts from reputable banks i have seen are 4.20, 4.25, highest 4.28.

what might grind it further down is the mgs portfolio funds; only a small part has left so far, there is risk of more.

lastly, if the politics worsen, arrests, riots and all that, panic will accelerate capital flight.

indeed.... Malaysian Ringgit in a 'Difficult Place'
http://www.bloomberg.com/news/videos/2015-...ifficult-place-

Ya. They don't even know their days are numbered if they don't solve their mess

I have OTed so I shall stop

MAS has already issued a statement few months back

Singapore, 14 April 2015…In response to media queries, the Monetary Authority of Singapore (MAS) said today that certain market commentaries suggesting that MAS had been intervening heavily to support Singapore’s currency were incorrect. These reports had erroneously cited the fall in Singapore’s official foreign reserves (OFR) and MAS’ FX swaps since mid-2014 as an indication of heavy intervention by MAS to support the Singapore Dollar Nominal Effective Exchange Rate (S$NEER).

Link

10% SDG vs 30% RM? Which country is better protected?

If our government is transparent and clean like S'pore, we would have much much more money in our central reserve to rescue the RM!! Look at what is happening now? Government has no money, all the agency is complaining they have not received their funds which was promised during budget 2015. PTPTN loan is cut by 40% and delayed payment to colleges, schools subsidy money is delay and hence TNB issued warning letters to schools to cut electricity, etc. (i can go on and on...)

How sad is this?????

This is typical example of when a few individuals's scoping up all the resources and let the entire country (rakyat) to suffer!

This post has been edited by neonikson1: Aug 23 2015, 11:58 AM

This is what we call a responsible government!

Looking back at our country leader, proudly and openly announce they wouldn't intervene the ringgit!

This post has been edited by neonikson1: Aug 23 2015, 12:02 PM

Ppls talked abt currency, not political.. Don't trust 100% photoshop EDIT in social networking abt currency. Not only RM dropped against the strengthening greenback, but majority basket of currencies. It is a globe issue, and not here issue only.

India, Canada, NZ, Australia, Russia currencies also dropped a lot too. It is a global currency war to depreciate currency to makes competitive EXPORTS.

Everyone is depreciating against USD, no doubt about that. But you cannot DENY that RM is the WORST performing currency in ASIA.

apa sudah jadi..............
diu

Showtime bro, are you able to do a list like above by using RM vs other currency? This will be very informational.

That's why i sincerely requested Showtime bro to create a list to show the performance of RM against other currency. Probably this will make it easier to convince someone RM is one of the worst performing currency in the world.

This post has been edited by neonikson1: Aug 23 2015, 12:10 PM

ty for the tip

It is free open market.. Why need to intervene the currency uptrend / downtrend ? Weaker currency makes competitive exports, good tourism business and increase ppls saving in bank, as other than basic necessities needs spending in life, ppls will hold purchasing import items that not important(luxury, or demand based needs) ?