Whatever the global market share of Fitch, let's see how much wil the RM depreciates (or stays or appreciates ?) after the ratings report.

ON a personal basis,... I vote tht there wil be depreciation, but not much, because this is now called the after-effct.

Downgrade is probably already priced in by now.

The market more and less factored in already.

Financial market won't wait until last min to move one or wait until the news is confirmed or out time.

That's why I said - 'not much, because this is nw calld the after-effect'. I have taken into consideration tht the mkt has already priced-in or factored-in the downgrade by now, since Mr Mkt is fwd-looking.

BUT - be careful. If,.. due to whtever reasons, there is NO downgrade, or even, though imposible, an upgrade occurs, then the mkt will uddenly swing in the opposite direction.

This post has been edited by Hansel: Jun 26 2015, 04:57 PM

fri 5pm closing...

3.766/3.769

worst performers in asiapac today - rm, krw, aud, nzd.

Now 3.7681

Now 3.78

1.00 USD = 3.78555 MYR
Heading to 3.80 slowly

Faster reach 3.8 lor.. Actually I waiting to do withdrawal from my forex. Wanna withdraw 10k @ 4.0 rate.. Dunno my dream will come true anot

It could b so near yet so far

I believe najib can make it hahaha

whats the currency note that we can purchase now? sg n usd is not worth of buying now right?

No currency worth to be purchase now. If u earn USD, then keep it remain it as usd. If u earn MYR, just hope for MYR going back strong. Else u all gonna die with price hijacked.

As few post back, there's a forum we saying mostly we are using import stuff. Which is true. (Even my car engine oil is imported from US) So price will shoot up rocket high with Federal Reserve being rage for increase the interest rate, the price of goods will even shoot higher. Expecting another iPhone will cost u more than MYR3000-MYR3500.

You better pray for Federal reserve nvr increase the interest rate. Else Malaysia will be downgrade to A- country. No longer stay at A gred country. Even later the PRC will look down at you when u go to China.

tq to clarify

now got money, also duno what to do..

put in fd also so low cz ringgit value is so low now....

terima kasih jibbie

Depends la. Nobody knows what will happen next second. Maybe suddenly they found lost money leh haha

Maybank confident ringgit will rebound by year-end
http://www.themalaymailonline.com/money/ar...und-by-year-end

I'm farking confident that ringgit will rebound against all currencies on Feb 30th

If it exist

what's new?
fundamentals strong, will rebound soon, i am not alone...
aus, nz, indon all say same.

ask the winners - sterling, sgd, thai baht...
they will say fundamentals even stronger, will rise further (against them)...

This post has been edited by AVFAN: Jun 28 2015, 05:35 PM

Well, talk is cheap
All are just speculating. In order for USD to drop, you need crude oil price going up.