Been planning for UK trip since May.
In May Gpb was Rm5.45.
Been in UK for last 10 days, its now Rm5.91!

Would changing a SGD to USD worthy than RM to USD now?

Have a trip to cambodia soon hence need some USD bucks.

If you hav foregn currencies, esp the USD, use tht to change for more GBP. Don't use the RM in hand.

YES. Use the SGD to chg for some USD. Keep the RM.

Hmm... almost 10% drop within a month. Not only RM weak against USD and SGD but also GBP?

I'm still amazed how the Cambodians able to use USD as their local currency together with the Riel.
Dollar Dollar Dollar....

Yes, I believe so. There is a double effect here - the RM is weakening against all currencies, and the GBP is slowly gaoning ground.

except aud, nzd and rupiah - becos all 3 have cut int rates this year.

so, effectively if u r holding the popular currencies here - usd, sgd, pd, euro, yen, rmb - u gain handsomely!

This post has been edited by AVFAN: Jun 24 2015, 10:37 PM

Euro and Yen should be weak as well for near term.

There is possibility of Euro parity with USD.

Yes I wonder as well. Or should i rather use Riel (50%) and USD (50%) in cambodia?

Most of them prefer usd instead. Better bring usd and keep low riel. Riel got no value.

I hope RM will never become like Rupiah.

not as much as others but euro and yen still gained 3-5% vs rm in the last 12 months.

oh, one more - thai baht - must hv gained about 10% vs rm.

so, quite correct to say rm has declined against most major currencies.



i think vietnam, laos, myanmar and african countries like angola are the same.

high inflation, black markets, parallel economy. very profitable trade for the connected.

been like that for decades.

This post has been edited by AVFAN: Jun 25 2015, 10:09 AM

Ringgit plunges in Asia on Fitch downgrade speculation

“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.”

"downgrade" term and US increasing interest rate being shouted wolf coming since March

I wanna see that badly, too. Count me in!

A- Fitch downgrade one notch expected? Credit rating
to BBB+ ?? Still a very good quality credit. Seek Uncle
Google help on the rating levels.Don't surprise, as tourism and exports makes a credit rating upgrade ?

Surplus from Exports Vs Imports , Tourism and GST Collection will helps credit upgrade ?

If a notch downgrade from 3rd grade credit rating agency (Fitch) is nothing proud..
Should focus on SnP and Moody ratings, as their weight will influence more on country credit grade.

An credit downgrade will depreciate currency and makes more surplus PLUS boost TOURISM ?

didn't know Fitch is 3rd grade credit rating agency

Utilize Uncle Google in your answer..

Fitch is the smallest among the credit rating agencies.. ===>>> https://en.wikipedia.org/wiki/Big_Three_(cr...ating_agencies)
As of 2013 they hold a collective global market share of "roughly 95 percent" with Moody's and Standard & Poor's having approximately 40% each, and Fitch around 15%.

Normally, these figures understate the dominance of Moody's and S&P, since the norm for debt issuers is to obtain ratings from these two, and only occasionally turn to Fitch, for example if Moody's and S&P disagree ONLY. Fitch is plays certain role. And not Very important role.

okay. thanks