why last time we can peg rm3.8=usd1

now cannot?

foreign holdings of Malaysian Government Securities remain stable at between 40 and 45 per cent despite the lower ringgit, signalling foreign investors' confidence

the graph looks like going down wor....

usd been weak... lost to most currencies, incl euro 3-4% last few weeks.

becos weak us economic data provides case for delayed or even no rate hike this yr.

also possible bnm been intervening as mar reserves shows a drop of abt usd6 billion in reserves, we'll hv to see apr figures.
http://www.tradingeconomics.com/malaysia/f...change-reserves

Still weak against SGD, so BNM now are more on kakikong, kakisong

Nope, the rightful way is rm1 = SGD2.5.
But again, we have 2 different government to rule the country, 1 is with intention to songlap while another is to build a country

Only 5%, not enough ma...

3.3->3.5->3.7->3.5->....3.3?

while these gyrations going on, we see prices of daily essentials go up (and gst too).

every biz waves a reason to raise price, incl roti n kopi.

now, if rm does return to 3.3, does anyone see those prices coming down?

part 2:

given oil price in april compared to march, midnight tonite... petrol price will probably go up by 15-20 sen/liter.

u know the rest...

hmm... top end of my estimate 15-20 sen.

oil price rise 10%, rm/usd appr 4%, petrol price still up 10%.

stronger rm doesn't help petrol price then.

The ringgit is likely to remain weak in the near-term due to the large foreign holdings of fixed income instruments in Malaysia.

An expectation of the US increasing interest rates and the risk of a possible sovereign credit rating downgrade by Fitch Rating, could still come back to haunt the ringgit again

Malaysia is now a net importer of oil. We import more oil than we export. So dropping oil prices should have been good for our economy," said Datuk Dr Mohamed Ariff, an economics professor from International Centre for Education in Islamic Finance (Incief).

The ringgit's plummeting value is something that is unexplained. I think the ringgit is being undervalued. The Thai baht is still performing stronger than the ringgit despite the political situation in the country," Dr Ariff said.

actually, if this fella is right, bnm would be the first people to know and been seeing it for some time.

the fact that bnm has never said anything about that, how big the amounts, who, when, what methods, increasing or decreasing quantum, legal or illicit leaves much to be desired.

even when int'l watchdogs report m'sia in top 5 every year in global illicit outflows, bnm/gomen keeps mum, basically say "all is good".

so, i guess bnm/gomen assume either we are all too dumb to understand or all very smart, can figure it out.

rupiah has overtaken ringgit as the worst performing asian currency for 2015. no prizes, i suppose.

now that it has gone to 3.76... 3.80, 4.0 does not seem that impossible, right?

we'll see if bnm will intervene or let it slide with market forces.

xmdb's, gdp growth, inflation, potential int rate cut, trade balance, budget deficit and borrowings for the rest of the year will determine the rm.