The reserve is in usd, not myr. Seek uncle google help, using keywords to go to bnm website. Thanks

Balance of Trade between EXPORTS and IMPORTS .

EXPORTS > IMPORTS = TRADE SURPLUS http://www.tradingeconomics.com/malaysia/balance-of-trade

Trade Surplus is finished goods export out from Msia is more than what we imported from other countries.
In term of trade / economy, money receive from the goods sold is more(exports) than money payment for the goods imports.

As usual, there are dude that always linked any person to macai, mangali, mca and other names calling when he/she cannot elaborate with facts/ data.
That's why LYN ppls always "sick" , no need to "entertain" these dude and let them "syiok sendiri" .

See the data currencies performance against the greenback. http://www.tradingeconomics.com/currencies ==>>
Per the above link, RM is drop, but it is not the worst, right? If you don't agree, kindly help to provide your arguments facts/data, and not own conclusion/assumption.
The link got more than 60 different currencies, not only the basket of major currencies.

This post has been edited by netmask8: Sep 3 2015, 11:06 PM

Are Malaysians now currency experts?

By Goh Wei Liang

Today, the Ringgit breached RM4.00 to a dollar.

When I logged in to my Facebook and Twitter accounts, 9 out of 10 posts that appeared on my timeline were slamming the Government on the Ringgit.

To sum it all up, youth who dominate social media today were posting comments as though tomorrow spelt the end for Malaysia.

Just the past month, I observed Malaysians transform from being constitutional experts, to aviation analysts and now to authorities on economics.

Some even go as far as to put the blame on UMNO and Najib. The group Suara Rakyat for instance likes to say “other countries are doing better because UMNO is not there in their country”.

Of course, when you have a narrow, myopic view, you will tend to miss out the fact that over the 5 year period,

• Russian Roubles lost 114% against USD
• Indonesian Rupiah lost 51% against USD
• Indian Rupees lost 38% against USD
• Norwegian Krone lost 37% against USD
• Australian Dollars lost 24% against USD
• Euro lost 20% against USD
• Thai Baht lost 10% against USD

Do I need to go on?
One of the contributing factors has been the drop in oil prices. Crude oil was trading at US$70-80 / bbl (per barrel) a few years ago. Today it has fallen below US$ 50 per bbl.
Also, the US is not our only trading partner and the performance of our Ringgit is not measured against US dollars alone. When we look at the Ringgit,

• we strengthened against Canadian Dollars (2%)
• we strengthened against Indian Rupees (10%)
• we strengthened against Japanese Yen (14%)
• we strengthened against Indonesian Rupiah (18%)

I don’t need to name more currencies, do I?
Understandably, we are quick to feed on negative news and quick to comment like experts on our Facebook and Twitter accounts. That’s how things work these days.

Of course, none of you made reference to 1998 in your comments.

No one remembered the time when the Ringgit crashed to as low as RM4.725 to a dollar on 7 January 1998 (BNM selling rate, over the counter was more than RM4.80). All of you, who were quick to comment about the state of our economy on Facebook, were still in school. So none of you knew, none of you remembered, none of you experienced what happened in 1998 when Anwar Ibrahim was Finance Minister.

Back then

a) People were losing jobs or had difficulty in getting jobs
b) Households were squeezed
b) average lending rate was 12.16%
c) Inflation was close to 3% without subsidy removals.

So before you get upset and vent your anger on Facebook or Twitter, ask yourself how the Ringgit – Dollar exchange rate affects you.

1. Do you shop online from US websites?
2. Are you planning to fly over to US for a holiday?
3. Are you a Malaysian studying in the US?
4. Do you import goods to be resold in Malaysia?
5. Do you buy necessities and food from the US to use here?
6. Do you at all use the US dollar in your daily life?

Only if you answer yes to any of the above, are you affected.

If you did not answer yes to any of the above, what are you shouting and so worried about?

Your salary is still denominated in Ringgit and you don’t buy necessities with US dollars.

Sure, no one can deny that it has some impact on certain segments especially imports and our plans to travel to US, UK etc.
And guys, the international ratings agencies – Fitch, Moody’s and S&P – have all maintained Malaysia’s outlook as stable. There are no economists out there who are saying that Malaysia’s economy will collapse, only politicians are saying this.

That's the problem. Yes! "strange Malaysian mentality". Always wrong interpretation. The message is we are not alone and what are we going to do about it. China economy took a dive lately. The government intervened and pumped in money to stabilize. What are we going to do? Many Malaysian who do not have children studying overseas, wanting to move money out of the country for whatever reason or relying mostly on imported goods will be first to be impacted. The impact to me is very less as I don't have the above reasons. Let us agree to the main reason as lower fuel price and 1MDB. The fuel price drop we can't do much. Let us ask the question "If 1MDB issues had not been made viral worldwide like what it is today, will Malaysia be in this state?". We allowed foreigners to do it for us. What is their interest and what is the interest of our Malaysian collobrators. In the past when the opposition was weak maybe it was ok. As now our opposition is very strong. As such I thought that this type of activities will be better checked and controlled. I truely think that the candidates whom we voted to the Parliament are not the right candidates. Maybe we are all stupid like what Dr. Mahathir said "Malaysians are stupid" in the managing of MAS and had to bring a foreigner to manage. Maybe we need to vote foreigners to parliament too. Maybe also a foreigner PM. Malaysian currency down is due to onslaught of Malaysia by its own citizens. "Don't wash your dirty linnen in public" unless you have some ulterior motive.

Why NOT, you ask these companies like Sime Darby, PETRONAS, MISC, IOI Corp, YTL ..etc that earn income in USD or seek
Monetary Authority of Singapore (MAS) or Arab country friends to stabilize FOREX speculator ?

http://www.themalaymailonline.com/malaysia...gest-firms-list

Should you profit taking now ? Don't get your fingers burn.

Temporary setback, as FED going to raise / hike interest rate in USA next week?

http://www.federalreserve.gov/monetarypoli...mccalendars.htm

Other Country Governors will follow and hike interest rate too?

Many currencies also dropped against the greenback ==>> http://www.tradingeconomics.com/currencies

EXPORTS > IMPORTS .. Trade Surplus http://www.tradingeconomics.com/malaysia/balance-of-trade