what you guys think about next week?

1. After Bersih 4.0
2. Ppl speculating September it will weaken further.

more like most people can't do anything.

28 aug 2014: 3.15
28 aug 2015: 4.20

loss of 33% to usd has deep impact
as the worst performing currency in asia, it cannot be a good thing.
the full effect has yet to come.
for sure, prices of everything will move up significantly very soon.

the variables are many...

.. oil/gas prices still gyrating but chances are commodities prices will stay low for some time
.. china rmb devaluation effects not over
.. us int rate hike timing unclear now
.. 1mdb, bad politics
.. foreigner net holdings in msian gomen securities or mgs
.. bersih 4.0
.. budget 2016 in oct

will be hard to know which way it will go for the rest of the year but the weights are there to take it lower.

we'll just have to see what we will see.

You forgot Malaysia's decreasing foreign reserve

This post has been edited by Ramjade: Aug 28 2015, 05:18 PM

1.00 USD = 4.19 MYR

1.00 SGD = 2.98 MYR

.. oil price recover a little bit
.. RM recover a little bit

will ppl gain confident ?

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.

I don't agree. Lots of people are already worried sick with the drop to RM4.2 per USD

This is what i fear most! MYR depreciated but it still didn't help with export and tourism! So what did we gain? NOTHING!!!!!

http://www.malaysiakini.com/news/310218

That's why in economic theory maybe it is true, but in practical, far from it

Folks,

The DUMMIES are still arguing whether the Fixed price ASx will change to Variable Price. And, whether the dividend rate of 6+% will continue.

But,

1) The RM continue to drop and wipe out any gain that they have. THE REAL INFLATION is more than 6%

2) And, KLSE is crashing but somehow ASx that invest on GLC will be fine??

They are LOSING MONEY even if ASx stay as FP and delivering dividend of 6%.

Dreamer

This post has been edited by dreamer101: Aug 28 2015, 09:06 PM

I think it may depend on which sector (export) and location (tourism). In JB, from my observation, it is quite vibrant esp these past few weeks during the downfall of Ringgit. Every weekend - traffic jam going up north. Even my fav restaurant - usually npt many - full house. Supermarkets.. packed of people. Of course.. a of lot people Singapore are doing that and the local businesses are liking it.

i think we are paying tax for petrol if we were to compare the world oil price vs what we are paying now

endau02,

Still does not change my point. An increase in petrol tax is still not enough.

Dreamer

Ya. Malaysia Ringgit slightly gained strength against USD. However, I still planning to convert all Ringgit to others currency.

Enough of doing nothing for me. Last time , when SGD 1= RM 2.4xx jump to RM 2.7xx... I was too naive to wait until it back to RM 2.4xx

Folks,

<<For Malaysian residents who invest in Ringgit denominated assets, there's absolutely no currency risk. Why do you bother about the value of Ringgit againts other currencies when you would spend most of it on local products?>>

More comment from DUMMIES on the other thread. There should be enough smart people on this thread to understand the fallacy of this comment.

Dreamer

singaporeans eating at restaurants, buying groceries and petrol in jb will benefit only a small no. of biz owners plus gst.

probably same in northern border towns with a strong thai baht.

that is not big tourist $ in found in travel, leisure, entertainment, hotels and "tourist" shopping.

won't help national gdp and currency much.

will in fact, deplete the existing stock of low cost food and groceries faster!

Why is everybody so worried I see shopping mall full starbuck full it seem ringgit has already stabilized. Relax people.

No matter what , diversifying your resources/investment and have a bit of hedging is the right thing to do.