ringgit Malaysia drop , how to I change my RM to USD
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 Aug 31 2015, 11:22 PM
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#181
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QUOTE(netmask8 @ Aug 31 2015, 10:12 PM) Will be better Reserves as EXPORT > IMPORT, hence this surplus will helps economy. BNM no need to intervene FOREX .. I beg to differ U didn't took into a/c net outflow of funds by foreigners via redemption of MGS N Equities |
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Aug 31 2015, 11:45 PM
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#182
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10,001 posts Joined: May 2013
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QUOTE(dreamer101 @ Aug 31 2015, 09:06 PM) Showtime747, ASx invest around 80% of its assets in equities and the bal in bond, money market n cashASx will be gone long before ASB. ASB will be the last to go. In fact, THE GOVERNMENT may still pay ASB dividend even it is bankrupted due to political reason. Dreamer In addition, its equity investments in Bursa consists of Blue-Chip companies Some of those companies r Gamuda, IJM Corp, BAT, Nestle, PPB Group, UMW, AMMB, CIMB, HL Bank, Maybank, Public Bank, RHB Cap, Petronas Chemical, Petronas Gas, Digi, IOI Corp, KLK, IOI Properties, Sunway, Amway, Axiata, IHH, Maxis, MAHB, MISC, Petronas Dagangan, Sime Darby, SKPetro, Tenaga, Telekom, KLCC Property, Sunreit and the list goes on.......... Mind to share Y those companies will go bankrupty which will affect ASx ability to meet unit holders demand? |
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Sep 1 2015, 07:48 AM
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#183
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10,001 posts Joined: May 2013
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With the oil prices goin up, it's interesting to c the strength of USD/MYR today as the last ref price was 4.1869
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Sep 1 2015, 11:06 AM
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#184
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10,001 posts Joined: May 2013
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31 Aug 2015 03:00 UTC - 1 Sep 2015 03:02 UTC
USD/MYR close:4.16706 low:4.13886 high:4.20227 USD/MYR could close @ 4.15 today with all the +ve news |
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Sep 1 2015, 11:24 AM
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#185
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10,001 posts Joined: May 2013
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QUOTE(netmask8 @ Sep 1 2015, 11:17 AM) Good to lock profit-taking, as MYR is stronger after MERDEKA ?? Hope tis is not dead cat bounce   |
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Sep 2 2015, 01:14 PM
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#186
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10,001 posts Joined: May 2013
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As usual, MYR depreciate the most (down 1.19% to 4.2140) against USD as compared to most Asia Pacific currencies
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Sep 2 2015, 09:39 PM
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#187
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QUOTE(AVFAN @ Sep 2 2015, 06:32 PM) fitch? No worry as everything can b settle behind the scene well, moody is not optimistic! quite polite, but u know what they r really saying...  |
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Sep 2 2015, 10:19 PM
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#188
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10,001 posts Joined: May 2013
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QUOTE(yolldddd @ Sep 2 2015, 02:01 PM) not to worries I think bank negara will make sure it won't go beyond 4.3 after all we still have a lot of foreign reserves. Zeti said BNM won't intervene |
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Sep 2 2015, 10:39 PM
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#189
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QUOTE(cherroy @ Sep 2 2015, 09:18 PM) Foreign currency reserves is not for "defend" your currency. In fact, USD96 bil is nothing to shout aboutIt is used to fund the short term external trade and import bill. USD90 bil is not "a lot" if you look at how USD10 bil was gone within a month plus period when there was rumour of BNM "defend" RM at RM3.80 level. So BNM needs to be prudent how to use the foreign currency reserves. Tis yr, our reserves of USD96.7 bil is about 30% of GDP In 1998, our reserves of USD26.2 bil was about 36% of GDP |
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Sep 2 2015, 11:27 PM
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#190
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QUOTE(netmask8 @ Sep 2 2015, 11:11 PM) Balance of Trade between EXPORTS and IMPORTS . Fundamentals r gud But Trust Deficit is ugly EXPORTS > IMPORTS = TRADE SURPLUS http://www.tradingeconomics.com/malaysia/balance-of-trade   |
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Sep 3 2015, 10:46 AM
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#191
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10,001 posts Joined: May 2013
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2 Sep 2015 02:40 UTC - 3 Sep 2015 02:41 UTC
USD/MYR close:4.22670 low:4.18797 high:4.23597 Still steady right now Awaiting announcement from BNM on 4/9 to c direction of MYR |
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Sep 3 2015, 01:20 PM
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#192
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10,001 posts Joined: May 2013
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1MDB will honour its obligations on JIT basis
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Sep 3 2015, 01:51 PM
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#193
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10,001 posts Joined: May 2013
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QUOTE(langstrasse @ Sep 3 2015, 01:27 PM) Just in time ? I wish I could say that when dealing with banks on my loans ! Most likely friendly parties will Lend a helping handAny support from government for the repayment of debt is going to be very badly received by investors and the public. |
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Sep 3 2015, 02:52 PM
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#194
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10,001 posts Joined: May 2013
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QUOTE(MeToo @ Sep 3 2015, 02:33 PM) speaking of which, the last when they announce the reserve... the RM/USD conversion were using a rate of 3.77..... IncorrectAs per BNM, 4.0810 @ 14/8 n 4.2000 @ 28/8 |
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Sep 3 2015, 06:28 PM
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#195
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10,001 posts Joined: May 2013
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Ringgit falls on concern data to show further reserve depletion
http://www.theedgemarkets.com/my/article/r...serve-depletion Fasten yo seatbelt as BNM will release info on 4/9 |
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Sep 3 2015, 06:41 PM
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#196
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10,001 posts Joined: May 2013
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QUOTE(yolldddd @ Sep 3 2015, 06:37 PM) As long as the reserve do not fall to rm50bil still got enough reserve to maintain the ringgit till the economy recover. If RM50 bil, M'sia .................... |
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Sep 4 2015, 06:57 AM
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#197
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10,001 posts Joined: May 2013
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QUOTE(netmask8 @ Sep 3 2015, 11:03 PM) As usual, there are dude that always linked any person to macai, mangali, mca and other names calling when he/she cannot elaborate with facts/ data. QUOTE(netmask8 @ Sep 4 2015, 12:14 AM) And guys, the international ratings agencies – Fitch, Moody’s and S&P – have all maintained Malaysia’s outlook as stable. There are no economists out there who are saying that Malaysia’s economy will collapse, only politicians are saying this. QUOTE(netmask8 @ Sep 4 2015, 12:18 AM) That's the problem. Yes! "strange Malaysian mentality". Always wrong interpretation. The message is we are not alone and what are we going to do about it. The Good - MYR is under value coz all economic indicators r okThe Bad - Rakyat suffer coz purchasing power is reduce due to depreciation of MYR The Ugly - MYR depreciate faster than other Asia Pacific currencies due to Trust Deficit |
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Sep 4 2015, 06:59 AM
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#198
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QUOTE(yolldddd @ Sep 4 2015, 01:14 AM) This is exactly what I mean other country like hk is even worst as I have a friend from hk saying ringgit is still strong when compared to their hk currency and the ringgit is only at 4.2 and people already start whining without remembering other country currency is even worst off than us Complete d sentence below USD is stronger than Steel but MYR is weaker than _______________ |
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Sep 4 2015, 10:55 PM
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#199
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QUOTE(AVFAN @ Sep 4 2015, 09:31 PM) apparently, rest of the world is unimpressed with rise in fx reserves. Gud time to lock-in profitsusd/myr 4.28 http://www.xe.com/currencycharts/?from=USD&to=MYR&view=12h |
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Sep 4 2015, 11:30 PM
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#200
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Wat is the ETA to 4.30?
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