Hope can see MYR currency drop to RM2.50 or less in future!

Just wondering, is the large number of foreign workers in Malaysia who send money back to their home countries a contributor to the Ringgit's weakness ?

with Malaysian working in SG & bring back the $$, u don't see SGD getting weaker against MYR 

what if there is a global stocks/financial crash? a bigger china crash?

can msia hold well?

Even without supporting the RM, the foreign currency reserves will keep on shrinking if the capital outflow is not reversing.

Whenever someone want to exchange RM to USD in Malaysia,
BNM needs to use the USD in the foreign currency reserves to pay for it.

Capital outflow, investors take RM exchange to USD before remit to overseas. 

That's why it is important to have trade surplus, current account surplus, and FDI.
Export > import, potential more USD being exchanged to RM.
More investment money come in, investors bring USD to BNM to exchange to RM before invest into local asset.

Peg rm will be very bad.
Control the money flow will be a better way and more effective.
Hike interest rate will be the only way. But with debt/GDP are at > 90%, banks will die first.

What I see by peg the rm, say at rm3.90 and when the actual value is rm4, BNM has to top up that rm0.10 which will be quite damaging to the reserve.
Better way is control the amount, when speculators shouting for rm4.50 but not stock also they can't able to get also.
This is what BNM did to SGD few days back.

On wat basis u said BNM will hike int rate? 

Wat u gonna do if MYR run wild n keep dropping? 

Buy palm oil counters, as India imports for palm oil surged ..

http://in.reuters.com/article/2015/08/18/i...N0QN0JQ20150818

and Msia Main GDP Manufacturing (34% of total GDP) is uptrend too.

http://www.tradingeconomics.com/malaysia/g...m-manufacturing     

http://www.dailysabah.com/energy/2015/08/1...stry-skyrockets 

http://www.tradingeconomics.com/malaysia/corruption-rank

  1/4 in a day      ...luckily we are in a pot of slow boiling water....16% in a few months and more to come?......

just read tis....
The Singdollar, like most Asian currencies, will keep falling against the greenback while the yuan may dip less after its heavy adjustment last week, he said. That will make Singapore exports cheaper.

The Singdollar has fallen 13 per cent against the greenback over the past year to $1.4048.

http://www.nationmultimedia.com/business/F...e-30267084.html

1 year difference

USD/HKD 0.03%
USD/RMB 3.8%
USD/GBP 5.6%
USD/TWD 8.9%
USD/THB 11.8%
USD/SGD 12.7%
USD/JPY 17.4%
UDS/KRW 17.4%
USD/Eur 16.3%
USD/INR 19.4%
USD/CAD 20.5%
USD/NZD 25.8%
USD/AUD 27.3%
USD/MYR 31.9%
USD/RUB  92.6%

On Thailand, I think it is the perception and confidence it commands. Despite military coup, investors have more confidence in the army than a democratically elected but corrupt Thaksin government. 
http://www.wsj.com/articles/thailand-expor...ency-1423660862

Hi BN macai 

The above table is calculated by me myself using the bloomberg link AVFAN provided. Not from social network or photoshopped. If you have passed your SPM maths, you should be able to verify the numbers. Numbers don't lie.

No doubt US$ is strengthening. But, if not because of the mess created by our "great" administrators in charge of economy, malaysia is a lot better than other countries. And we should be in the top half of the list, better than Singapore.

Ask your master to be rational and do some critical thinking instead. You day may be great, but they have made most malaysian's day bad