Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
125 Pages « < 25 26 27 28 29 > » Bottom

Outline · [ Standard ] · Linear+

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

views
     
nexona88
post Jun 19 2015, 06:44 PM

The Royal Club Member
*********
All Stars
48,444 posts

Joined: Sep 2014
From: REality
QUOTE(AVFAN @ Jun 19 2015, 06:40 PM)
but thought someone said msian durians in sg no drop in price, profits pocketed by middlemen.

gotta gotta go to johor, i guess...

something to think about... epf's 6.x% vs cpf's 2.x%...
*
well weaker MYR do have some positive impact to some people sweat.gif
AVFAN
post Jun 19 2015, 06:46 PM

20k VIP Club
*********
All Stars
24,454 posts

Joined: Nov 2010
QUOTE(nexona88 @ Jun 19 2015, 06:44 PM)
well weaker MYR do have some positive impact to some people  sweat.gif
*
can't help, already too much work to help ourselves. sweat.gif
Zanmai0146
post Jun 19 2015, 07:42 PM

LOWYAT HIGHYAT
******
Senior Member
1,080 posts

Joined: Oct 2010
QUOTE(AVFAN @ Jun 19 2015, 06:25 PM)
maybe u old fashioned, oldie la... young ones today not same anymore, pls spare thought on that. i also used to think like u, but changing my mind now. tongue.gif
find yr skills, polish them. if smart n careful enough, there is always space!

all the best. wink.gif
*
Yes, most of the traders I see now a days is greedy. They wan quick bucks thru overnight. Which is not true and not gonna happen in forex.

I had my skill ready and several followers too. So far min $100 per day if I'm too lazy but yet also must depends on market situation. I'm not pro but now forex only as extra/additional for me.

How I trade? Hell im not gonna expose my skill to anybody. Cari makan tools. Hahaha
AVFAN
post Jun 19 2015, 07:46 PM

20k VIP Club
*********
All Stars
24,454 posts

Joined: Nov 2010
QUOTE(Zanmai0146 @ Jun 19 2015, 07:42 PM)
Yes, most of the traders I see now a days is greedy. They wan quick bucks thru overnight. Which is not true and not gonna happen in forex.

I had my skill ready and several followers too. So far min $100 per day if I'm too lazy but yet also must depends on market situation. I'm not pro but now forex only as extra/additional for me.

How I trade? Hell im not gonna expose my skill to anybody. Cari makan tools. Hahaha
*
>$100 per trading day? that's excellent if success rate is >80%!

hell, i'm only looking for $200 per week, success rate 70%! laugh.gif

ya, keep yr secrets, everyone does, no need to get to details. wink.gif
Zanmai0146
post Jun 19 2015, 08:00 PM

LOWYAT HIGHYAT
******
Senior Member
1,080 posts

Joined: Oct 2010
QUOTE(AVFAN @ Jun 19 2015, 07:46 PM)
>$100 per trading day? that's excellent if success rate is >80%!

hell, i'm only looking for $200 per week, success rate 70%! laugh.gif

ya, keep yr secrets, everyone does, no need to get to details. wink.gif
*
Ouch. $200 per week? How much is your capital? I will not expose my trading skill but I can enlighten you where should u go thru. First thing first is discipline.
AVFAN
post Jun 19 2015, 08:02 PM

20k VIP Club
*********
All Stars
24,454 posts

Joined: Nov 2010
QUOTE(Zanmai0146 @ Jun 19 2015, 08:00 PM)
Ouch. $200 per week? How much is your capital? I will not expose my trading skill but I can enlighten you where should u go thru. First thing first is discipline.
*
thanks, no need, i know u mean well. smile.gif

This post has been edited by AVFAN: Jun 19 2015, 08:03 PM
Zanmai0146
post Jun 19 2015, 08:43 PM

LOWYAT HIGHYAT
******
Senior Member
1,080 posts

Joined: Oct 2010
QUOTE(AVFAN @ Jun 19 2015, 08:02 PM)
thanks, no need, i know u mean well. smile.gif
*
Happy trading smile.gif
Hansel
post Jun 19 2015, 09:01 PM

Look at all my stars!!
*******
Senior Member
9,353 posts

Joined: Aug 2010
You guys are scalpers, day tradrs. biggrin.gif
AVFAN
post Jun 22 2015, 10:46 AM

20k VIP Club
*********
All Stars
24,454 posts

Joined: Nov 2010
the rm is going to get a lot more attention as the weakness prolongs....


QUOTE
However, industries that need to import raw materials may suffer from rising costs and see lower profits.
“So far, Malaysian exporters seem to have failed to capitalise on the weaker ringgit since gross exports plunged by 8.8% in April 2015.
“If falling exports become a permanent trend over the next few months, only then this would be a real cause for concern.”
But a real cause for concern now is the rising price of goods.
Fomca said since Malaysia imports a lot of fresh food, the prices for these will certainly go up.
“Prices are going up but incomes are not,” said Fomca secretary-general Datuk Paul Selvaraj (pic, right).
As businesses start seeing their costs go up because of the weak ringgit, they will be less likely to raise wages.
http://www.themalaysianinsider.com/malaysi...h.X9MZMtDl.dpbs
netmask8
post Jun 22 2015, 10:54 AM

Regular
******
Validating
1,525 posts

Joined: Oct 2012


Good News to Tourism business, as many holidaymakers
traveling during summer break. Coming months, many domestic holiday too. Bursa Msia are rebounding and debt
credit rating agencies still got high grade for Msia.

netmask8
post Jun 22 2015, 11:01 AM

Regular
******
Validating
1,525 posts

Joined: Oct 2012


Source from neutral party, not from mkini, minsider, star,
Utusan, harakah ..etc political news u name it. http://www.tradingeconomics.com/malaysia/exports
wil-i-am
post Jun 22 2015, 11:49 AM

10k Club
********
Senior Member
10,001 posts

Joined: May 2013
A lot of Ppl agreed exporters is having gud time right now when MYR depreciates
However, Ppl have overlook on the enabler, port operators (Wprts n Ncb) which r listed on Bursa
AVFAN
post Jun 23 2015, 10:23 AM

20k VIP Club
*********
All Stars
24,454 posts

Joined: Nov 2010
fx reserves down... bnm intervention?

QUOTE
Sing dollar closes above 2.80, new high vs ringgit

By Cindy Yeap / The Edge Financial Daily  | June 23, 2015 : 9:14 AM MYT 
Share on facebookShare on twitter
Printer-friendly versionSend by emailPDF version
Ringgit-vs-SG$

KUALA LUMPUR: The Singapore dollar yesterday hit a new all-time high against the ringgit, with the currency pair closing above the RM2.80 mark for the first time, amid a RM4.1 billion (US$1.1 billion) decline in Bank Negara Malaysia’s (BNM) international reserves to a two-and-a-half-month low ahead of a possible sovereign rating downgrade by Fitch Ratings by June 30.

The ringgit weakened to a new intra-day low of RM2.8057 against the Singapore dollar before closing at RM2.8005 yesterday evening. The ringgit hit RM2.8010 to the Singapore dollar intra-day last Thursday but yesterday was the first time it closed above the RM2.80 mark, according to Bloomberg data.

BNM yesterday also announced that its foreign currency reserves stood at RM390.2 billion (US$105.3 billion) as at June 15, 2015. This is down RM4.1 billion or US$1.1 billion from RM394.3 billion (US$106.4 billion) as at end-May 2015, lending credence to speculation that the central bank may have intervened to smoothen the ringgit’s decline amid so-called “US Fed taper tantrums”.

The decline, which took place when investors pulled billions out of emerging markets ahead of the US Federal Reserve (Fed) chief Janet Yellen’s June 17 speech, came after two consecutive months of gains. BNM’s reserve position of RM390.2 billion is still sufficient to finance 8.1 months of retained imports and is 1.1 times short-term external debt.
http://www.theedgemarkets.com/my/article/s...high-vs-ringgit

Hansel
post Jun 23 2015, 06:54 PM

Look at all my stars!!
*******
Senior Member
9,353 posts

Joined: Aug 2010
See,... Fitch targeted to downgrade on Jun 30.
dwin95
post Jun 24 2015, 10:09 AM

wow i finally get to type here since 2009
******
Senior Member
1,257 posts

Joined: Apr 2009



If i have 2 years left of studies in the US, would it be wise to convert my full 2 years tuitions fee as of now or gamble that the RM would stabilize eventually in the coming 6 months/semester?
T231H
post Jun 24 2015, 10:14 AM

Look at all my stars!!
*******
Senior Member
5,143 posts

Joined: Jan 2015
QUOTE(dwin95 @ Jun 24 2015, 10:09 AM)
If i have 2 years left of studies in the US, would it be wise to convert my full 2 years tuitions fee as of now or gamble that the RM would stabilize eventually in the coming 6 months/semester?
*
hmm.gif maybe convert half of what you got?
whichever way the forex goes...you just gained or lost half of it...
dwin95
post Jun 24 2015, 10:24 AM

wow i finally get to type here since 2009
******
Senior Member
1,257 posts

Joined: Apr 2009



QUOTE(T231H @ Jun 24 2015, 10:14 AM)
hmm.gif maybe convert half of what you got?
whichever way the forex goes...you just gained or lost half of it...
*
so convert 1 year of my cost now you say? That's a risk I believe my parents could afford to take.
T231H
post Jun 24 2015, 10:33 AM

Look at all my stars!!
*******
Senior Member
5,143 posts

Joined: Jan 2015
QUOTE(dwin95 @ Jun 24 2015, 10:24 AM)
so convert 1 year of my cost now you say? That's a risk I believe my parents could afford to take.
*
try asking in FOrex thread...seek the SIFUS there on their views on the direction of RM?

AVFAN
post Jun 24 2015, 11:18 AM

20k VIP Club
*********
All Stars
24,454 posts

Joined: Nov 2010
QUOTE(dwin95 @ Jun 24 2015, 10:09 AM)
If i have 2 years left of studies in the US, would it be wise to convert my full 2 years tuitions fee as of now or gamble that the RM would stabilize eventually in the coming 6 months/semester?
*
u shud ask yr parents if they have the money and if they hv, are they earning good with that money.
if they are, there is no need to rush.
e.g. they are getting 7-8% p.a. and y can get only 0.5-1% in time deposits in usa, u may not need to do anything.

if they are earning only 3% p.a., i say better convert now, keep it in yr local bank there, earn small interest.
the thing is u will spend that money eventually, better free yr mind from fx concerns as a student.



diff people hv diff views of how the fx will move in the future. nobody knows for sure.
Hansel
post Jun 24 2015, 01:04 PM

Look at all my stars!!
*******
Senior Member
9,353 posts

Joined: Aug 2010
During my time in law school, they wil give discnts if we pay-up in advance. Do consider tht if you are usng the USD.

Otherwise, I wld thnk AVFAN's recom is doable.

125 Pages « < 25 26 27 28 29 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0240sec    0.36    6 queries    GZIP Disabled
Time is now: 5th December 2025 - 03:57 PM