Why do you guys think Najib met with Obama recently?? and why it was more important for him to do so than to attend to the Floods?


OPEC controlled by the Saudis is causing a proxy attack on Russia and Iran by dropping oil to below $50/barrel. USA are placing huge pressure on the economies of those rogue countries. Unfortunately, Msia is an innocent bystander. Do not panic, once this attack on their economy sinks in, Msia and its starving population will be the first to receive food aid from USA...

This post has been edited by the99percent1: Jan 10 2015, 02:04 PM

huh?

USD 1 to myr 3.70 is not unexpected.

watch 30 jan, maybe some major development. if negative one, more drama with severe implications may unfold.



This post has been edited by AVFAN: Jan 11 2015, 02:20 PM

What if there is 1MDB 2.0? How low can RM go?

http://www.kinibiz.com/story/tigertalk/133...i-1mdb-2.0.html

we're screwed......for now

One thing for sure, the coming year of goat will be more costly one as imported stuff price is higher now. Even for IT stuff. The price keep on increasing when it always gone down before. Now is trying to think what will benefit when RM is down beside changing to US$. Will Malaysian government borrowing rate will go up?

my concern is food and medicine prices.

we grow little food, import mostly.
and there are >5mil foreign workers eating everyday and needing medicines too.
add gst in april, it will not be pretty.

how to hedge/benefit from low rm...?
some have suggested getting stock of usd exports cos. like glove n condoms but i dun see their stock prices escalating with such poor sentiments now.
ok, one idea- buy pc, ipad, iphone, imported goodies quick!

This post has been edited by AVFAN: Jan 11 2015, 08:15 PM

My hobby already hit since December when the pre-order kit price raise by RM10-15 each kit and shipment switch to surface to save cost due to rising US$. Daiso shop - if you buy from aboard one will notice it cost 6% higher after exchange to RM when it suppose to be RM5/= all over the world. Hopefully,it can be even out by dropping petrol price. I switch to RON 97 to clean my old engine! I hear many immigrants is heading this way due to starvation and rising rice price along the border of bangla-myanmar border. No way one can stop starving people. I think we can deposit into US dollar account at our local bank like UOB etc. They also have Aus and NZ dollar too. If have extra $$$ then can open one as it similar to fd but it have higher risk too due to exchange rate. I once put 5K into Am currency II and after maturity - it lost money but it capital protected so I still get RM19/= for my two year.

This post has been edited by Battlefield1942: Jan 11 2015, 08:50 PM

more pain coming...

today 3.592/3.595.


This post has been edited by AVFAN: Jan 13 2015, 07:05 PM

MYR may go even lower from current rate. import products may get more expensive

=Marked-

Dont worry, our central bank will intervene....pakai reserve to defend ringgit

Buy stocks of global companies or companies in Malaysia dealing in exports.

Usd 1 to rm3.67 now In all Forex Malaysia.
they are selling myr hard to buy USD.

u started this thread in jan, 3.57

u must be one happy person.

not 3.67, should be 3.70.

try tmrw. maybe 3.73.

https://forum.lowyat.net/topic/3470081/+100

This post has been edited by AVFAN: Mar 10 2015, 07:13 PM

Well yes. I exchange 6 thousand USD In currency exchange store with rate 3.55
After patiently waiting for a month, i exchange bACK to myr 3 thousand USD with 3.50 rate cause lack of financial support.

that time thou international price was 3.6x but Malaysia forex company still remain 3.57~ thingy.

Until recently boost up to 3.67~

If I treat this issue seriously on 2014 Dec that time USD is like maybe 3.1, and raise to 3.3. I noticed but I only just swearing in Facebook but never take action.

I take action when it hit 3.57 in money changer here.



Anyway the original sentense of this topic was * ringgit Malaysia drop like fck*
Lol

not only rm. many other currencies too.

not sure what to think... maybe another global currency-oil crisis looming?

there's possibility for the crisis let's hope tis time BolehLand can managed it