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

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netmask8
post Aug 23 2015, 10:43 PM

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QUOTE(nexona88 @ Aug 23 2015, 04:50 PM)
don't feel stupid.. u did some great job for newbie  icon_rolleyes.gif  rclxms.gif
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Great job for newbie. rclxms.gif But, still cannot elaborate why the world are playing currency wars.
1) Boost competitive EXPORTS and TOURISM business.
2) Ppls will save more money in Bank, as they will HOLD any purchase other than basic need.
If you want to purchase new smartphone and with weaker currency, you want hold and delay the plan.
Hence, more cashflow in hand.

https://en.wikipedia.org/wiki/Maslow%27s_hierarchy_of_needs
AVFAN
post Aug 23 2015, 10:50 PM

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QUOTE(wil-i-am @ Aug 23 2015, 09:43 PM)
Where is tis money changer?
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dunno, i suspect somewhere in south africa.

QUOTE(Showtime747 @ Aug 23 2015, 02:59 PM)
MYR/USD -31.8%
MYR/RMB -26.9%
MYR/SGD -17.1%
MYR/JPY -12.3%
*
QUOTE
Malaysia main imports are: electrical and electronic products (27 percent), chemicals (9 percent) and machinery, appliances and parts (8 percent). Malaysia's main import partners are: China (16 percent), Singapore (12 percent), Japan (8 percent) and the United States (8 percent).
http://www.tradingeconomics.com/malaysia/imports

based on above, what common consumer product imports will be among the first to see hefty rise in prices?

i can think of mobile phones, tablets, ceiling fans, lights, clothing, canned food, paints...

what else?

This post has been edited by AVFAN: Aug 23 2015, 10:56 PM
dreamer101
post Aug 23 2015, 10:52 PM

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Folks,

As RM is crashing down and no end in sight, DUMMIES are dumping money into ASX and thinking that this is buying opportunity. I guess it is not possible to save anyone that insist on putting all their eggs into ONE basket.

Dreamer
MechaLEE
post Aug 23 2015, 10:56 PM

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i am now in batam and when i changed RM to indon RP last week............. OMG it is now RM31 for RP100k, last time was only RM26 for RP100k
icemanfx
post Aug 23 2015, 11:01 PM

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QUOTE(netmask8 @ Aug 23 2015, 10:43 PM)
Great job for newbie.  rclxms.gif  But, still cannot elaborate why the world are playing currency wars.
1) Boost competitive EXPORTS and TOURISM  business.
2) Ppls will save more money in Bank, as they will HOLD any purchase other than basic need.
    If you want to purchase new smartphone and with weaker currency, you want hold and delay the plan.
    Hence, more cashflow in hand.

https://en.wikipedia.org/wiki/Maslow%27s_hierarchy_of_needs
*
Petrol, 50% of rice, sugar, milk powder, fabric, half of vegetable, chicken feed, beef, most of fish, beans, flour, potatoes, most medicines, etc are imported or priced in us$, instead of buying theses luxury items, people will save in bank.

AVFAN
post Aug 23 2015, 11:04 PM

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QUOTE(MechaLEE @ Aug 23 2015, 10:56 PM)
i am now in batam and when i changed RM to indon RP last week............. OMG  it is now RM31 for RP100k,  last time was only RM26 for RP100k
*
bangladeshi taka also gained about 25% over rm in last year.

bangla workers and indon maids are going to demand pay rise soon...
Showtime747
post Aug 23 2015, 11:14 PM

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QUOTE(netmask8 @ Aug 23 2015, 10:28 PM)
Always cannot elaborate, hence links to macai, mangali, and so on names calling. You are very "SMART" with yr good maths grade in SPM.
Kid, Your teacher must be very "proud" of you since you wrote nice wordings here.. Keep yr good effort and later, always cannot elaborate,
play finger pointing blame game or nice photoshop EDIT .  laugh.gif Hope LYN members trusted 100% yr game and photoshop.
*
Looks like you are under pressure from your master to defend his wrong doing tongue.gif

If you want to convince people that RM depreciation is good for ordinary people, then post some solid numbers to show us. Like which goods and services is cheaper now. Then readers will decide who is BS tongue.gif
Showtime747
post Aug 23 2015, 11:17 PM

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QUOTE(netmask8 @ Aug 23 2015, 10:43 PM)
Great job for newbie.  rclxms.gif  But, still cannot elaborate why the world are playing currency wars.
1) Boost competitive EXPORTS and TOURISM  business.
2) Ppls will save more money in Bank, as they will HOLD any purchase other than basic need.
    If you want to purchase new smartphone and with weaker currency, you want hold and delay the plan.
    Hence, more cashflow in hand.

https://en.wikipedia.org/wiki/Maslow%27s_hierarchy_of_needs
*
You sounds like a beggar who tell his son don't complain when nothing to eat. See....so many people from other countries are going on diet to keep slim tongue.gif
Showtime747
post Aug 23 2015, 11:24 PM

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QUOTE(AVFAN @ Aug 23 2015, 10:50 PM)
dunno, i suspect somewhere in south africa.
based on above, what common consumer product imports will be among the first to see hefty rise in prices?

i can think of mobile phones, tablets, ceiling fans, lights, clothing, canned food, paints...

what else?
*
Car, medicine, fruits, watches, everything imported.

And the indirect effect will be seen in the next half year when local goods and services which uses imported parts and services from foreign countries. Especially when crude oil goes back to $100 in the future

Who will benefit ? The bosses who export stuff icon_rolleyes.gif

This post has been edited by Showtime747: Aug 23 2015, 11:25 PM
aeiou228
post Aug 23 2015, 11:52 PM

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QUOTE(AVFAN @ Aug 23 2015, 10:50 PM)
dunno, i suspect somewhere in south africa.
based on above, what common consumer product imports will be among the first to see hefty rise in prices?

i can think of mobile phones, tablets, ceiling fans, lights, clothing, canned food, paints...

what else?
*
Bawang putih, bawang merah, bawang besar, bawang kuning, carrots, broccoli, montel banana, butter, cheese, milk, Apples, oranges, pears, grapes, lemons.................. doh.gif
nexona88
post Aug 23 2015, 11:59 PM

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QUOTE(AVFAN @ Aug 23 2015, 09:23 PM)

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thanks for sharing rclxms.gif
ohcipala
post Aug 24 2015, 12:17 AM

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QUOTE(Showtime747 @ Aug 23 2015, 11:24 PM)
Car, medicine, fruits, watches, everything imported.

And the indirect effect will be seen in the next half year when local goods and services which uses imported parts and services from foreign countries. Especially when crude oil goes back to $100 in the future

Who will benefit ? The bosses who export stuff  icon_rolleyes.gif
*
According to the master, the country and Rakyat will benefit icon_idea.gif

That's the whole aim of depreciating RM tongue.gif
AVFAN
post Aug 24 2015, 12:32 AM

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QUOTE(Showtime747 @ Aug 23 2015, 11:24 PM)
Car, medicine, fruits, watches, everything imported.
*
QUOTE(aeiou228 @ Aug 23 2015, 11:52 PM)
Bawang putih, bawang merah, bawang besar, bawang kuning, carrots, broccoli, montel banana, butter, cheese, milk, Apples, oranges, pears, grapes, lemons..................  doh.gif
*
surely everything will go up in price. question was: given the quantum of currency disadvantage for the largest partners, what might be the first consumer items to rise with the steepest price increase.

well, anything we can import from russia or brazil? their currencies are screwed worse. biggrin.gif

for bawang and essential foodstuff, some are still subsidized, right? i see a possibility of increase subsidy.
or special coops to handle "special" subsidies or food stamps for special groups?

other foods like pricey fish, pricey beef, someone must be thinking of ways to slap gst on it, so better enjoy now. tongue.gif

This post has been edited by AVFAN: Aug 24 2015, 01:37 AM
nexona88
post Aug 24 2015, 12:34 AM

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QUOTE(ohcipala @ Aug 24 2015, 12:17 AM)
According to the master, the country and Rakyat will benefit icon_idea.gif

That's the whole aim of depreciating RM tongue.gif
*
doh.gif shakehead.gif vmad.gif
SUSsupersound
post Aug 24 2015, 01:10 AM

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QUOTE(AVFAN @ Aug 24 2015, 12:32 AM)
well, anything we can import from russia or brazil? their currencies are screwed worse. biggrin.gif

for bawang and essential foodstuff, some are still subsidized, right? i see a possibility of increase subsidy.
or special coops to handle "special" subsidies or food stamps for special groups?

other foods like pricey fish, pricey beef, someone must be thinking of ways to slap gst on it, so better enjoy now. tongue.gif
*
From Russia, we can import ice whistling.gif
From Brazil, we can import sugar cane whistling.gif
Sugar cane's price already very low while sugar price in Malaysia still all time high. So whoever manufacture sugar will gain shakehead.gif
Jibgor is right on this, really have people benefit from it shakehead.gif

This post has been edited by supersound: Aug 24 2015, 01:10 AM
AVFAN
post Aug 24 2015, 02:03 AM

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something new, interesting and insightful to read.

QUOTE
Could China's Yuan Devaluation Spark a New Financial Crisis?

The yuan will fall to 6.5 against the dollar by the end of this year and 6.9 at the end of 2016, bringing it close to a 10 percent depreciation, according to Bank of America Merrill Lynch.
Jen estimates that a 10 percent depreciation in the yuan will create 5 to 20 percent moves in the rest of Asia.
In Asia, Vietnam, Thailand, South Korea and Malaysia are more vulnerable to the devaluation, while in Europe Hungary and Poland are at risk and Turkey may suffer the most, according to Lombard Street Research economist Shweta Singh in London.
http://www.bloomberg.com/news/articles/201...e-1994-parallel

danmooncake
post Aug 24 2015, 07:40 AM

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QUOTE(AVFAN @ Aug 23 2015, 10:50 PM)
dunno, i suspect somewhere in south africa.
based on above, what common consumer product imports will be among the first to see hefty rise in prices?

i can think of mobile phones, tablets, ceiling fans, lights, clothing, canned food, paints...

what else?
*
How about essentials like food?

I think Malaysia still import a lot of rice (maybe 40%) from everywhere - Thailand, Indian, Indonesia, Vietnam? Fruits (Apples, Oranges, Grapefruits etc... except local Durians or Rambutans, Langsat, Mangosteens), Vegetables (except Kangkung tongue.gif ), fresh Tuna (for sushi), processed food, etc..




danmooncake
post Aug 24 2015, 07:44 AM

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QUOTE(aeiou228 @ Aug 23 2015, 11:52 PM)
Bawang putih, bawang merah, bawang besar, bawang kuning, carrots, broccoli, montel banana, butter, cheese, milk, Apples, oranges, pears, grapes, lemons..................  doh.gif
*
Hmm.. .didn't think about those ingredients..like onions. Even carrots and bananas also must import meh? Not enough from Cameron Highlands?
pustapazik
post Aug 24 2015, 09:11 AM

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4.20 kowtim, 4.71/4.88 next? 😭


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wil-i-am
post Aug 24 2015, 09:18 AM

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MYR per 1 USD
23 Aug 2015 01:10 UTC - 24 Aug 2015 01:15 UTC
USD/MYR close:4.23122 low:4.17030 high:4.23822

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