will it go to 4.7 at the end of year? would like to buy USD now

now, everyone can forecast...

latest... 4.7, 3.3.

our heroes say very good for exporters, tourist dept and rakyat.

enjoy.

You are right about these people, but the other 80% will still suffer. Like most SMEs n their workers, parents who sacrifice to send their children overseas to study.

that is a last resort, will slow the economy further, maybe push it into recession.

imo, change the driver and a piece of furniture called cabinet.

rm will recover 10% easy.

Surprise surprise !! RM has a good day today 

US$4.2079
S$3.005
AUD3.0032
EUR4.7515
GBP6.516

Weak RM is very good for commodity EXPORT and TOURISM business while reduce local ppls traveling out. Hence, will be more surplus than deficit.

With export and tourism business, more ppls got employment, OT and pay taxes plus spur domestic expenditures.
Spore is not export oriented country like Msia, hence to reduce
their cost and control their inflation, their central bank(MAS)
alwats hike SGD to meet mentioned objective.

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

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

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

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.

not yet.

when existing stocks are finished in 2-3 months time, we'll see the effect.

whether coffee, dried foods or canned food

price increase is one thing.

the bigger concern is shortage of some goods as some importers/stockists/traders may be tempted to hoard.

hopefully not.