Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
12 Pages « < 2 3 4 5 6 > » Bottom

Outline · [ Standard ] · Linear+

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

views
     
nexona88
post Jun 13 2015, 05:16 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
well what I know Singapore people are happy to visit Malaysia & spend their SGD..

Some money changers out of stock for RM in the city-state yawn.gif
nexona88
post Jun 13 2015, 06:53 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
don't play2 with China yo.. they're spending a lot of $$ in others countries..

India, Vietnam, Indonesia, Laos, cambodia or even Malaysia all they sapu.. all kind of projects flex.gif

even the upcoming HSR projects also might go to China-M'sia JV rolleyes.gif

This post has been edited by nexona88: Jun 13 2015, 06:55 PM
nexona88
post Jun 13 2015, 08:19 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(AVFAN @ Jun 13 2015, 07:35 PM)
it's good, really. that's what free market capitalism is about - lowest cost producer wins, all consumers win.

let oil get to usd10/bbl!

whoever produces something at lowest cost wins - as long as it last.

f those who want to gouge and rob!

now... u get me upset with unifi. mad.gif
*
yesssss.. hoping for USD10/barrel icon_idea.gif

but Bolehland O&G industry die la cry.gif

This post has been edited by nexona88: Jun 13 2015, 08:20 PM
nexona88
post Jun 14 2015, 12:51 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(supersound @ Jun 13 2015, 09:22 PM)
But again, with Saudi's way doing now, they are looking for trouble also as once the oil are depleted, they will suffer. But heck, exporting oil products are not their only main source of income, their income will come from Umrah(do correct me if using the wrong term) also. That's the reason why they dare to fight US openly on this matter.
You only need the oil price stay at USD40 for few months and this can kill Petronas already.
*
according to news report, Revenue from pilgrims makes 3% of Saudi GDP. some about (USD 16.5 billion) yearly


QUOTE(Bonescythe @ Jun 13 2015, 10:15 PM)
Usd 10 per barrel.. but najib still charge u rm 1.50 per liter also no use.. haha
*
how they calculate vmad.gif mad.gif
nexona88
post Jun 14 2015, 01:08 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(supersound @ Jun 14 2015, 01:02 PM)
Is still quite a lot. Now they are building world tallest building, so it will become another attraction.
*
yeah, tourist attraction.. anothers source of income sweat.gif
nexona88
post Jun 14 2015, 08:55 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
So how MYR performance would be for next week? hmm.gif
nexona88
post Jun 14 2015, 09:43 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(yklooi @ Jun 14 2015, 09:12 PM)
google and found this
"Strong BUY"...according to this
http://www.investing.com/currencies/sgd-my...cal?period=week

hmm.gif unable to interpret the Technical indicators and summary from it...
"strong buy" means...investors are encouraged to buy SGD or MYR?... rclxub.gif
any idea?
*
woah so "deep" the info blush.gif

I think should be "Strong Buy" on SGD hmm.gif
nexona88
post Jun 14 2015, 09:45 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(supersound @ Jun 14 2015, 09:35 PM)
Test 1USD = rm3.80 and 1SGD = rm2.85 whistling.gif
*
cry.gif for those in MYR Income

and rclxm9.gif for those income in USD & SGD

This post has been edited by nexona88: Jun 14 2015, 09:45 PM
nexona88
post Jun 15 2015, 06:16 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(netmask8 @ Jun 15 2015, 05:40 PM)
1. A weaker currency will help revive exports, as Msia is dependant on commodity and electronic sectors.
2. More homestay/hotels boom up, as present TOURISM occupation/booking level is high.
3. Less local ppls travelling oversea for holiday and less ppls import items, as ppls might feel the pain.
4. More Sporean coming to here to spend more $ and more Msian go to S'pore to work and earn SGD ?

Hence, surplus >  deficit ..  Rating Agencies will upgrade rating level ?
*
less people travelling overseas for holiday? haha

well there's tis group of people who don't care MYR stronger or weak because they have unlimited $$$.. Paris, London, NY is like "balik kampung" only sweat.gif
nexona88
post Jun 16 2015, 07:03 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
USD 1.00 = MYR 3.755 sad.gif
nexona88
post Jun 16 2015, 08:29 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(AVFAN @ Jun 16 2015, 07:54 PM)
what u expect? 3.0? tongue.gif
*
why not if possible tongue.gif
nexona88
post Jun 18 2015, 02:06 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
USD 1 = MYR 3.73 yawn.gif
nexona88
post Jun 18 2015, 04:24 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(MeToo @ Jun 18 2015, 02:10 PM)
1 : 3.7135

I'm waiting for it to hit 3.68 if possible.. then I'm going to big time short the ringgit (per my standard is big time la tongue.gif).... whack 10 lots to start...  wub.gif
*
thumbup.gif rclxms.gif
nexona88
post Jun 18 2015, 06:47 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
The Malaysian Government has no plans to peg the ringgit currency like how it was done during the 1997 economic crisis yawn.gif
nexona88
post Jun 19 2015, 12:38 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(adwan @ Jun 18 2015, 11:12 PM)
lol Tun Dr Mahathir pulak kena as Reason for the drop in MYR laugh.gif
nexona88
post Jun 19 2015, 06:35 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
Singapore’s dollar rose to a record 2.80 ringgit on Thursday, up more than 5 percent this year, and it will strengthen to 2.84 in 12 months ohmy.gif

» Click to show Spoiler - click again to hide... «

nexona88
post Jun 19 2015, 06:44 PM

The Royal Club Member
*********
All Stars
48,500 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
nexona88
post Jun 25 2015, 01:54 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
Ringgit plunges in Asia on Fitch downgrade speculation sad.gif

“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.”
nexona88
post Jun 25 2015, 10:29 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
didn't know Fitch is 3rd grade credit rating agency tongue.gif
nexona88
post Jun 25 2015, 10:55 PM

The Royal Club Member
*********
All Stars
48,500 posts

Joined: Sep 2014
From: REality
QUOTE(netmask8 @ Jun 25 2015, 10:49 PM)
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.  nod.gif  And not Very important role.
*
okay. thanks icon_rolleyes.gif

12 Pages « < 2 3 4 5 6 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0449sec    0.57    7 queries    GZIP Disabled
Time is now: 12th December 2025 - 12:00 PM