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

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SUSsupersound
post Jun 14 2015, 04:08 PM

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QUOTE(KenYoung @ Jun 14 2015, 03:27 PM)
sorry, i did not make it clear that my SGDs earned are frm running a business there...
i have zero expenditures, is mostly dealing with collecting and paying cash (paying out is usually a rare occasion)..
some of u might already know the gist of it already  tongue.gif
what kinda investments are u talking about? got some examples i can google on?
and what ure actually suggesting? putting it in a FD?
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So, it means it is "fresh" money every month, right? If yes, then is no difference.
Putting in Malaysia's bank FD will be yielding 3-4% a year. Investing in shares or trust funds are not really a good idea considering current situation. My auntie that used to look for Datuk's money for trust funds also starting to look for relatives to dump money.
Keeping cash in FD still the best way now, as when you need to use the money, your rm1000 still rm1000. But in funds or shares today you put rm1000, on the spot you lose out ~rm100.
SUSsupersound
post Jun 14 2015, 09:35 PM

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QUOTE(nexona88 @ Jun 14 2015, 08:55 PM)
So how MYR performance would be for next week? hmm.gif
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Test 1USD = rm3.80 and 1SGD = rm2.85 whistling.gif
SUSsupersound
post Jun 15 2015, 03:30 PM

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QUOTE(KenYoung @ Jun 15 2015, 01:49 AM)
not every month but occasional.. its a seasonal and "on-demand" kinda biz... but sure profit.. since operation is online at zero cost (i think u all know what biz d. lol)

investment wise i do personal loans (quite big risk since i do not ask them to sign any papers or sign jpj transfer form) to close ppl so i get few % a month... but i did invest in Kenanga few K recently to support friend.......
my biz requires CASH at bad times (the rare occasion) but i can easily get interest free loans for few months if i suddenly bad cash flow...

thats why im thinking now what to do with my other spare cash... and those foreign currency i have like SGD and HKD which are on the rise...
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Like that, then simple, keep them in SG's bank first and only change it when you need it. Expected to reach rm3 this year whistling.gif
SUSsupersound
post Jun 25 2015, 02:02 PM

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QUOTE(nexona88 @ Jun 25 2015, 01:54 PM)
Ringgit plunges in Asia on Fitch downgrade speculation  sad.gif

“Asian currencies are falling because of the dollar strength and on speculation that the US will raise interest rates as early as September,” said Wong Chee Seng, a foreign- exchange strategist at AmBank Group in Kuala Lumpur. “The ringgit fell more because people are expecting Fitch to downgrade the country’s rating next week.”
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"downgrade" term and US increasing interest rate being shouted wolf coming since March whistling.gif
SUSsupersound
post Jun 28 2015, 04:22 PM

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QUOTE(nexona88 @ Jun 28 2015, 03:10 PM)
Maybank confident ringgit will rebound by year-end
http://www.themalaymailonline.com/money/ar...und-by-year-end
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I'm farking confident that ringgit will rebound against all currencies on Feb 30th whistling.gif
SUSsupersound
post Jun 28 2015, 05:39 PM

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QUOTE(Zanmai0146 @ Jun 28 2015, 04:36 PM)
If it exist laugh.gif
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Well, talk is cheap whistling.gif
All are just speculating. In order for USD to drop, you need crude oil price going up.
SUSsupersound
post Jun 29 2015, 01:34 AM

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QUOTE(Ramjade @ Jun 28 2015, 05:45 PM)
If crude oil price goes up, Malaysians are dead.
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Not really, as Malaysians will die in dream since ah jib will give subsidies whistling.gif

QUOTE(wil-i-am @ Jun 28 2015, 05:59 PM)
On wat basis oil goes up?
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You need few bombs hit Saudi oil field laugh.gif

QUOTE(Zanmai0146 @ Jun 28 2015, 06:34 PM)
U.S. Economy is so strong now. I doubt that.
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Strong rclxub.gif all western countries already bankrupt since the very first time QE introduced doh.gif

QUOTE(nexona88 @ Jun 28 2015, 08:23 PM)
laugh.gif  which calendar u use ah  tongue.gif
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Speculator's calendar.
SUSsupersound
post Jun 29 2015, 07:50 AM

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QUOTE(Zanmai0146 @ Jun 29 2015, 06:42 AM)
Yet but their currencies still have their value unlike MYR. You can see the gap. What's the difference between both?
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That's why they have to open some rating companies to protect their interest shakehead.gif

QUOTE(wil-i-am @ Jun 29 2015, 06:50 AM)
Yo wish?
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The world now needs a WWW3 thumbup.gif
SUSsupersound
post Jun 29 2015, 10:09 AM

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QUOTE(Zanmai0146 @ Jun 29 2015, 09:30 AM)
Those ppl have well plan for this. I wonder those billions and trillions disappeared to where? No answer questions.
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The so-called bail out plans is just to ensure the rich will be richer, simple as that.
Like Leman Brothers, the company went bankrupt, but not the boss inside.
SUSsupersound
post Jun 29 2015, 10:12 AM

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QUOTE(Zanmai0146 @ Jun 29 2015, 10:11 AM)
I think history gonna repeat on 1MDB. High possibility
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Not really, 1MDB is just another after Potong, MAS whistling.gif
SUSsupersound
post Jun 29 2015, 12:37 PM

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QUOTE(Zanmai0146 @ Jun 29 2015, 10:34 AM)
But least see "something" from potong and mas. 1mdb I don't saw anything tho
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How about Hippo's diamond ring whistling.gif
SUSsupersound
post Jun 29 2015, 04:28 PM

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QUOTE(Zanmai0146 @ Jun 29 2015, 01:16 PM)
Menabung sejak kecil bro. Hahaha
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You know, I know laugh.gif
SUSsupersound
post Jun 29 2015, 09:36 PM

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QUOTE(Zanmai0146 @ Jun 29 2015, 06:15 PM)
Not logic. Unless 10k allowence weekly haha
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That's just the diamond ring lie being busted, not yet mention those that were covered up doh.gif
SUSsupersound
post Jun 30 2015, 09:38 AM

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QUOTE(Zanmai0146 @ Jun 29 2015, 11:03 PM)
This is Malaysia. Well, still can't brain why the excuse given so stupid.
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That's why 46% can still win doh.gif
SUSsupersound
post Jun 30 2015, 09:45 AM

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QUOTE(Zanmai0146 @ Jun 30 2015, 09:43 AM)
With those brainless ppl.. All kind of tricks. Anyway, politicians all Cari makan only. Haha
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At least not until current situation doh.gif
I don't bother much on what they want to do, but eat until other suffer are very bad.
SUSsupersound
post Jun 30 2015, 12:15 PM

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QUOTE(Hansel @ Jun 30 2015, 11:59 AM)
What time (Msian Time) is the Fitch ratngs due out ?
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Tomorrow whistling.gif
SUSsupersound
post Jun 30 2015, 12:28 PM

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QUOTE(nexona88 @ Jun 30 2015, 12:17 PM)
I tot today last day come out  blink.gif
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If world does not have time zones, then yes, you are right.
Else, I'm right.
SUSsupersound
post Jun 30 2015, 12:36 PM

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QUOTE(nexona88 @ Jun 30 2015, 12:35 PM)
okay understand..

follow US timing  blush.gif
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Earliest would be after 9pm. But again, not all knows, that's why I said tomorrow, who knows our government trying to songlap them to change the rating? Give them some time to twist the facts mar whistling.gif

SUSsupersound
post Jun 30 2015, 01:18 PM

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QUOTE(nexona88 @ Jun 30 2015, 12:52 PM)
hmm.gif maybe they would say weaker MYR bring in more tourism (esp Singapore) & competitive exports  unsure.gif
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Well, they can come out with all sort of bullshit to justify weaker currency are good whistling.gif
But then at the same time, retrenchment everywhere doh.gif
SUSsupersound
post Jun 30 2015, 02:24 PM

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QUOTE(Hansel @ Jun 30 2015, 01:28 PM)
That's right - same opinion here, those up there can talk all the BS's abt now, and the future being better, etc, etc,... but one thing I can tell is we are suffering NOW. AND THIS IS NOT GOOD. How long more do we hav to suffer ? How long more to wait for better times to come along ?

REal BS's, this one.  vmad.gif
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Just brace our self for the worst whistling.gif

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