die la if reach 4.10,

Dr Mahathir expects Bank Negara governor to be investigated next - See more at: http://www.themalaysianinsider.com/malaysi...h.KzDqB60X.dpuf

1.00 USD  = 3.94857 MYR 
The pressure is so strong n gonna break RM3.95 barrier by today

Wow !!

But SGD, AUD, GBP depreciate against RM 

Ringgit fundamentally oversold, says UOB Research
http://www.theedgemarkets.com/my/article/r...ys-uob-research

MYR4,...announce when hit,... Here it comes.

Just <2 weeks ago it was 2.7xxx 

No I didn't buy anything today   This morning, AUD drop to 2.89xx, SGD 2.82xx. But quickly went up

Last week, was expecting Aud to drop further, but BANG !! it went up instead. I actually missed the SGD/AUD parity because I didn't return call to my bank RM. Was asking her to call me if it went parity. Missed the boat   

I think the whole of malaysia demoralised with US$/RM4. Very malu and angry. Everyone I met also Ptui Ptui Ptui ! 

But business which export will make more RM selling overseas ---> good for bosses and government who collect more tax from these businesses

Are you a ordinary people or a boss who export overseas ?

Maybe difficult to find business with >90% COGS local components because business now is global it may be cheaper to get imports. But there are companies which are mainly export oriented in USD like CPO, O&G, agri base like fruits, manufacturing like IT service, electronics.

Economics fundamental shows we have a current account surplus. So, export > import and RM should appreciate gradually as demand of RM > supply. But the real situation is     

Zeti also give up already 

I have a business which export to china. Initially late last year beginning this year we gain on weak ringgit. Profit doubled. But the last few months, the sales really slow down and we were only gaining on the exchange rate. Sales volume has come down. Still ok, but not as good as before when china market is still good. 

The magnitude of the selloff in Asian currencies is reflective of a couple of factors, say analysts: a weaker yuan hurts the export competitiveness of China's neighbors and erodes China's purchasing power, potentially reducing imports.

"Most countries like their currencies weaker if the dominant player in the region is weakening its currency," said Emma Lawson, senior currency strategist at National Australia Bank, adding that central banks are less willing to defend their currencies in this sort of environment.

"If there's a perception that there will be an allowance of currency depreciation, this tends to heighten capital outflows, and these sorts of selloffs tend to get a life of their own," she said.
http://www.cnbc.com/2015/08/12/asian-curre...se-to-come.html

i thought gdp 4.5% is worse compared to past few years ?

So, as much as they want to stabilize their currency, they run out of bullet and surrender

So they wasted $10b of the country's reserve. That is close to the $11b 1MDB owed

Zeti should resign and strip off the "A+ banker" medal she received for the past few years 

It is more towards psychology played on the currency traders. To smooth out the price, central bank gives warning to the traders that they will defend the currency, so please don't mess with me or you will lose out. I have 100b in the bank, how much do you have to fight me ?

I think someone monitoring all we post here..

1.00 USD  =  3.98 MYR

would reach back @ 4 MYR next few hours?

On wat basis? 

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

1.00 USD  = 4.02 MYR

looks like stabilized at tis level 

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