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

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nexona88
post Jun 6 2015, 10:56 PM

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QUOTE(Zanmai0146 @ Jun 6 2015, 10:49 PM)
I'll more than happy to see it reached 4.0
So my forex withdrawal USD-RM I'll get more RM 😂😂
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good for u rclxms.gif
nexona88
post Jun 7 2015, 02:26 PM

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QUOTE(MechaLEE @ Jun 7 2015, 10:35 AM)
I believe bank Negara will bring back the old RM500 notes soon n later RM1000 notes
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good to have back the rm500 notes if really happen rclxms.gif
nexona88
post Jun 7 2015, 03:36 PM

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few foreign parties are interested in 1MDB assets particularly the energy assets.. I believe this issue will be resolved soon rolleyes.gif
nexona88
post Jun 7 2015, 08:11 PM

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QUOTE(wil-i-am @ Jun 7 2015, 04:30 PM)
At the height of the 1997/98 Asian financial crisis, the ringgit hit a high of 4.7125 against the US dollar on Sept 1, 1998
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shakehead.gif

hope don't reach until tat level cry.gif
nexona88
post Jun 8 2015, 01:26 PM

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MYR 3.7673 now cry.gif

http://www.bloomberg.com/quote/USDMYR:CUR
nexona88
post Jun 8 2015, 01:39 PM

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QUOTE(supersound @ Jun 8 2015, 01:36 PM)
End of the month rm3.80 whistling.gif
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who knows end of the week reach that level sad.gif
nexona88
post Jun 8 2015, 02:03 PM

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QUOTE(AVFAN @ Jun 8 2015, 01:45 PM)
no point worrying too much.

nothing u and i can do.

even our powerful politicians and bankers can do nothing but watch now.

better prepare for 4.0 by year end.

this week, better go buy yr fav imported food, imported phones, etc. fast.

i better go change my 4 botak tyres tmrw. biggrin.gif

these prices will go up 10% + GST very soon.
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correct.. import products selling price sure up cry.gif cry.gif
nexona88
post Jun 8 2015, 02:04 PM

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QUOTE(Pink Spider @ Jun 8 2015, 01:46 PM)
and buy more stocks of exporters with massive USD revenue brows.gif
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KAREX brows.gif
nexona88
post Jun 8 2015, 04:31 PM

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not forgetting those have USD Income.. happy laughing all the way to the bank tongue.gif
nexona88
post Jun 8 2015, 06:27 PM

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QUOTE(AVFAN @ Jun 8 2015, 06:05 PM)
for that... yen, sgd, tbh also not bad.

5pm, usd... 3.772. lost 1.4% in 1 day.

no intervention by bank negara?
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maybe outflow is too big? hmm.gif
nexona88
post Jun 8 2015, 06:30 PM

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Ringgit slumps to nine-year low as funds exit on Fed rate bets
QUOTE
Malaysia is vulnerable to outflows spurred by higher U.S. interest rates as central bank data show global funds hold 32 percent of the nation’s government bonds, compared with 18 percent for Thailand

http://www.theedgemarkets.com/my/article/r...-0?type=Markets
nexona88
post Jun 8 2015, 08:06 PM

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QUOTE(AVFAN @ Jun 8 2015, 07:13 PM)
32% foreigners holding rm denominated bonds, selling.
usd bonds... probably worse, pay more rm for usd interest.
oil prices drop, gas price drop.
exports drop, trade balance drop.
budget deficit will have to incr.
big unknown is legal and illicit outflows.

quite a nightmare, isn't it?
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cry.gif sad.gif
nexona88
post Jun 8 2015, 11:19 PM

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QUOTE(AVFAN @ Jun 8 2015, 08:41 PM)
well, there are thousands of highly paid brains in powerful positions, they should see all that coming and hv solutions ready, right. so, let's relax... biggrin.gif
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How to relax.. feeling like they're bring all of us to Holland for free trip sad.gif
nexona88
post Jun 9 2015, 09:12 AM

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weakness temporary? doh.gif
nexona88
post Jun 9 2015, 09:16 AM

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QUOTE(danmooncake @ Jun 9 2015, 09:14 AM)
The strange thing about weakening Ringgit, I thought I would see imported stuff from Malaysia will go down in prices but I haven't seen that yet.  For example, no drop in Durians price in Singapore.  sad.gif
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really? that's weird hmm.gif should be cheaper lor nod.gif
nexona88
post Jun 9 2015, 10:26 AM

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QUOTE(danmooncake @ Jun 9 2015, 09:22 AM)
I think middle men pocket the difference. That's why sometimes, better for me to take weekend trip to JB.
I can get more Ringgit from SGD or USD and buy the same stuff cheaper than way.

Father Day in two weeks time, another feast out coming.  brows.gif
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yes, I do think those middle men took "extra" profit shakehead.gif
nexona88
post Jun 9 2015, 09:49 PM

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ECB paper finds that weaker currency does not boost exports
http://www.theedgemarkets.com/my/article/e...ts?type=Markets


could the same logic apply to Malaysia? hmm.gif
nexona88
post Jun 9 2015, 10:13 PM

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QUOTE(cherroy @ Jun 9 2015, 09:53 PM)
Europe economy is not export orientated so the effect of weaker currency boosting the export is not significant.
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thanks for the info rclxms.gif
nexona88
post Jun 12 2015, 12:08 AM

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veli lucky those with foreign income esp USD & SGD rclxms.gif
nexona88
post Jun 12 2015, 11:48 AM

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QUOTE(Hansel @ Jun 12 2015, 08:42 AM)
Only applicable for those with assets of, say USD and/or SGD stocks with regular dividends and bond funds with monthly dividends. But then, not really 'fully-lucky', becos many items in Msia have also increased in prices, and GST has been imposed recently, hnce, balancing up the incremental incme.
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well tat also valid point hmm.gif

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