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

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nexona88
post Aug 28 2015, 06:25 PM

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QUOTE(AVFAN @ Aug 28 2015, 06:02 PM)
i see that as just the superficial ups and downs in a sick local economy in the middle of global turbulence.

sometimes, i think due to you know what, our leaders in gomen, biz and major institutions somehow think they have power over many things on the planet.

try listing 3 things that will strengthen the rm significantly in the next few months, you'll have trouble.

pls dun say more tourists and more exports - that's reserved for 3.85 brains.
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laugh.gif tongue.gif thumbup.gif
nexona88
post Aug 29 2015, 09:39 AM

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QUOTE(aeiou228 @ Aug 29 2015, 12:44 AM)
http://mykampung.sinchew.com.my/node/378455
Bad news to those who are keen to have baby. According to Sinchew daily, infant formula is expected to be increased by 35%  in Nov.  shocking.gif electrical appliances will be up by 5% to 7% next month.
The good news is, Malaysian can use Ringgit to pay for it locally.  brows.gif
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bad news sad.gif cry.gif
nexona88
post Aug 30 2015, 01:00 PM

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QUOTE(aeiou228 @ Aug 30 2015, 09:57 AM)
Let's talk about Nasi Lemak the most popular local Malaysian food. I don't think Nasi Lemak is immune to the impact of ringgit depreciation. Some of its ingredients are imported. In the recent pasar Ramadan, the price of the Nasi Lemak kosong had increased to around RM3 to RM3.50.
user posted image
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wah banyak mahal your Nasi Lemak pricing & it's at basar Ramadan summore shakehead.gif

nexona88
post Aug 31 2015, 01:32 PM

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QUOTE(Showtime747 @ Aug 31 2015, 01:22 PM)
RM still strong today

US$ 4.172
GBP 6.437
EUR 4.697
AUD 2.981
SGD 2.951
CNY 0.656
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good rclxms.gif thumbup.gif

but for how long sweat.gif
nexona88
post Aug 31 2015, 03:48 PM

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QUOTE(AVFAN @ Aug 31 2015, 03:41 PM)
bersih over, gomen belittles it.

1mdb, etc. no longer investigated.

bijan and co. in charge with iron grip.

no major variable moving rm.

i think will hanging around 4.20 for some weeks.

might see some significant change with budget 2016 in oct.
but good also... importers, stockists, traders can now go about doing biz at 4.20 without the volatility.

just raise price by 10, 20, 30%. tongue.gif
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vmad.gif mad.gif
nexona88
post Sep 1 2015, 12:06 AM

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QUOTE(Showtime747 @ Aug 31 2015, 10:22 PM)
If ASx is defaulted (gone), there will certainly be a simultaneous "bank run" for ASB as the holders will also be panic. Both funds are ultimately originated from the government. if the government is bankrupt, all their funds will be gone
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yeah, those who invest in ASB not "stupid".. when they see others ASx funds "gone", sure there's panic withdraw nod.gif
nexona88
post Sep 1 2015, 06:52 PM

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1.00 USD = 4.18 MYR

1.00 SGD = 2.96 MYR
nexona88
post Sep 2 2015, 06:26 PM

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1.00 USD = 4.21 MYR

1.00 SGD = 2.97 MYR
nexona88
post Sep 3 2015, 12:23 AM

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Trust Deficit ohmy.gif laugh.gif doh.gif
nexona88
post Sep 3 2015, 12:20 PM

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QUOTE(blogomatic @ Sep 3 2015, 12:13 PM)
like what unker dreamer says, will use ASx money to cover  whistling.gif
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ASx got so much $$ to cover laugh.gif
nexona88
post Sep 3 2015, 01:09 PM

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worse they can do is to issue some sukuk bond & "ask" ASx fund or any others local funds to subscribe it
nexona88
post Sep 3 2015, 01:18 PM

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QUOTE(langstrasse @ Sep 3 2015, 01:12 PM)
Or just liquidate 1MDB assets to pay the dues?
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it's on the way..

they're selling the energy assets & also JV for RMAF Bdr Malaysia land icon_rolleyes.gif
nexona88
post Sep 3 2015, 01:47 PM

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1.00 USD = 4.23 MYR

1.00 SGD = 2.98 MYR

1.00 GBP = 6.47 MYR

1.00 AUD = 2.96 MYR
nexona88
post Sep 3 2015, 01:51 PM

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tis time I think BNM reserve should be below 90bil mark.. looking at the current situation sad.gif

This post has been edited by nexona88: Sep 3 2015, 01:52 PM
nexona88
post Sep 3 2015, 06:45 PM

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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.
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50bil shocking.gif doh.gif M'sia already cry.gif cry.gif sad.gif
nexona88
post Sep 3 2015, 11:46 PM

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cool down guys icon_rolleyes.gif

let's wait for BNM announcement tongue.gif
nexona88
post Sep 4 2015, 05:10 PM

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QUOTE(anudora @ Sep 4 2015, 04:22 PM)
Ok now lets see the reporting from another source. It give much more information and data.
http://www.tradingeconomics.com/malaysia/balance-of-trade

Malaysia Trade Surplus Misses Forecasts in July

Malaysia reported a MYR2.38 billion trade surplus in July of 2015, down from MYR3.64 billion a year earlier and missing market consensus. It is the smallest trade surplus since October 2014, as imports grew more than exports.

Year-on-year, exports increased by 3.5 percent to MYR63.20 billion in July. Sales rose for: electrical and electronics/E&E products (+12.1 percent to MYR23.1 billion, accounting for 36.5 percent to total exports), timber and timber-based products (+14.1 percent to MYR1.8 billion, 2.9 percent share), natural rubber (+60.7 percent to MYR484.1 million, 0.8 percent share) and palm oil and palm based-products (+2.4 percent to MYR5.8 billion, 9.1 percent total share). In contrast, outbond shipments declined for: refined petroleum products (-48.7 percent to MYR3.0 billion, 4.8 percent share), LNG (-23.6 percent to MYR3.1 billion, 4.9 percent share) and crude petroleum (-21.1 percent to MYR1.9 billion, 3.0 percent share).

Compared to the previous year, outbond shipments rose to China (+MYR2.3 billion), the US (+1.0 billion), Vietnam (+MYR322.6 million), Indonesia (+MYR278.5 million) and Thailand (+MYR278.4 million).

Imports rose by 5.9 percent to MYR60.9 billion, the first increase after three straight months of drop, as purchases gained for all categories. Inbound shipments of intermediate goods, representing 60.3 percent to total imports, increased 5.7 percent to MYR36.7 billion, mainly due to a 10.9 percent increase in parts & accessories of capital goods (except transport equipment) and a 49.1 percent rise in fuel & lubricants, processed, other. Purchases of consumption goods, contributing 8.7 percent share, rose 25.7 percent to MYR5.3 billion, mainly due to a 69.0 percent increase in semi-durables, food & beverages for household consumption (+19.3 percent) and non-durables (+20.7 percent). Inbound shipments for capital goods, representing 12.3 percent share, rose 3.2 percent to MYR7.5 billion, mainly due to transport equipment, industrial (+18.9 percent) and capital goods except transport equipment (+1.6 percent).

Compared to the preceding year, imports rise from the EU countries (+MYR941.1 million), China(+MYR640.6 million), Taiwan (+MYR511.2 million), Vietnam(+MYR390.1 million) and Saudi Arabia (+MYR319.1 million).

In June 2015, Malaysia posted a  MYR 7.98 billion trade surplus.
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thanks for sharing.. good reading flex.gif rclxms.gif
nexona88
post Sep 4 2015, 06:23 PM

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QUOTE(AVFAN @ Sep 4 2015, 06:01 PM)
no change, i.e bnm NOT intervening.
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actually it went up a bit tongue.gif

from USD 94.5 to USD 94.7 laugh.gif

https://forum.lowyat.net/index.php?showtopi...post&p=76015934

This post has been edited by nexona88: Sep 4 2015, 06:25 PM
nexona88
post Sep 4 2015, 06:43 PM

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QUOTE(AVFAN @ Sep 4 2015, 06:31 PM)
bnm clerk mistake. tongue.gif
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u see The Star latest news laugh.gif

Bank Negara international reserves up RM1.3b as at Aug 28
http://www.thestar.com.my/Business/Busines...g-28/?style=biz

tonight 8pm news headline wor tongue.gif

This post has been edited by nexona88: Sep 4 2015, 06:44 PM
nexona88
post Sep 4 2015, 06:52 PM

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QUOTE(Hansel @ Sep 4 2015, 06:48 PM)
Yeah, a small victory to encourage us not to worry too much,... smile.gif
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QUOTE(AVFAN @ Sep 4 2015, 06:50 PM)
thumbup.gif

eh, such news very hard to come by, at least a bit of celebration! rclxms.gif
usd/rm 4.256
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small victory / a bit of celebration but for how long? next one could be bad news sweat.gif

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