USD 1.00 = MYR 3.755 

Separately, Fed officials maintained their forecast that the benchmark interest rate would rise to 0.625 percent this year, and lowered their projection for next year.
The median estimate for 2015 implies two quarter-point increases. Next year, they expect the rate to climb to 1.625 percent, lower than a March forecast of 1.875 percent.
http://www.bloomberg.com/news/articles/201...-2015-rate-rise

Bank Negara named Dr M as one of 3 reasons for ringgit slump, says Ahmad Maslan
http://www.themalaysianinsider.com/malaysi...h.T2seZOgH.dpbs

to me>> u earn, keep (bank & of cos 'into pillow'), invest, spend & give back (charity)

Please reconsider your plan. It will not work. How much capital you have trading forex market? First, answer that honestly. You better get yourself employed as soon as possible.   Do not waste your crucial youth period trying to outsmart pros.

Capital? I use about $2000 to trade at the beginning. Since when? It's a long journey back dated. How much I have earn now? Is beyond your imagination. I'm not a big spender and I got my discipline for my trade. Satisfy and not greedy is the key point of trader.

Well, I had my Money divert to many other projects & investment. Still generating income monthly and yearly. I don't drive Lambo neither BMW. Monthly commitments also around RM3000 - RM5000 which already covered from my other business.

Forex now is my extra/additional income for luxury.

Durian seller is smiling
http://www.bloomberg.com/news/articles/201...ps-on-oil-slump

If forecasts prove correct, he will get that opportunity. Nizam Idris, head of currency and fixed-income strategy at Macquarie in Singapore, said the ringgit may slump further toward 4 per U.S. dollar.

“The profile is for the ringgit to perform worse than the Sing dollar,” said Claudio Piron, co-head of Asia foreign-exchange and rates strategy at Bank of America Merrill Lynch in Singapore. “Malaysia certainly has a greater level of vulnerability and they have less ammunition in their FX reserves.”

Singapore’s dollar has strengthened 4 percent against the greenback in the past three months. Traders may be betting the island state will maintain its monetary policy stance, which calls for a gradual appreciation in its exchange rate against an unspecified basket of its trading partners. The Monetary Authority of Singapore sought to slow that appreciation in January before leaving policy unchanged in April.

well weaker MYR do have some positive impact to some people 

Yes, most of the traders I see now a days is greedy. They wan quick bucks thru overnight. Which is not true and not gonna happen in forex.

I had my skill ready and several followers too. So far min $100 per day if I'm too lazy but yet also must depends on market situation. I'm not pro but now forex only as extra/additional for me.

How I trade? Hell im not gonna expose my skill to anybody. Cari makan tools. Hahaha

Ouch. $200 per week? How much is your capital? I will not expose my trading skill but I can enlighten you where should u go thru. First thing first is discipline.

However, industries that need to import raw materials may suffer from rising costs and see lower profits.
“So far, Malaysian exporters seem to have failed to capitalise on the weaker ringgit since gross exports plunged by 8.8% in April 2015.
“If falling exports become a permanent trend over the next few months, only then this would be a real cause for concern.”
But a real cause for concern now is the rising price of goods.
Fomca said since Malaysia imports a lot of fresh food, the prices for these will certainly go up.
“Prices are going up but incomes are not,” said Fomca secretary-general Datuk Paul Selvaraj (pic, right).
As businesses start seeing their costs go up because of the weak ringgit, they will be less likely to raise wages.
http://www.themalaysianinsider.com/malaysi...h.X9MZMtDl.dpbs

Sing dollar closes above 2.80, new high vs ringgit

By Cindy Yeap / The Edge Financial Daily  | June 23, 2015 : 9:14 AM MYT 
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Ringgit-vs-SG$

KUALA LUMPUR: The Singapore dollar yesterday hit a new all-time high against the ringgit, with the currency pair closing above the RM2.80 mark for the first time, amid a RM4.1 billion (US$1.1 billion) decline in Bank Negara Malaysia’s (BNM) international reserves to a two-and-a-half-month low ahead of a possible sovereign rating downgrade by Fitch Ratings by June 30.

The ringgit weakened to a new intra-day low of RM2.8057 against the Singapore dollar before closing at RM2.8005 yesterday evening. The ringgit hit RM2.8010 to the Singapore dollar intra-day last Thursday but yesterday was the first time it closed above the RM2.80 mark, according to Bloomberg data.

BNM yesterday also announced that its foreign currency reserves stood at RM390.2 billion (US$105.3 billion) as at June 15, 2015. This is down RM4.1 billion or US$1.1 billion from RM394.3 billion (US$106.4 billion) as at end-May 2015, lending credence to speculation that the central bank may have intervened to smoothen the ringgit’s decline amid so-called “US Fed taper tantrums”.

The decline, which took place when investors pulled billions out of emerging markets ahead of the US Federal Reserve (Fed) chief Janet Yellen’s June 17 speech, came after two consecutive months of gains. BNM’s reserve position of RM390.2 billion is still sufficient to finance 8.1 months of retained imports and is 1.1 times short-term external debt.
http://www.theedgemarkets.com/my/article/s...high-vs-ringgit

If i have 2 years left of studies in the US, would it be wise to convert my full 2 years tuitions fee as of now or gamble that the RM would stabilize eventually in the coming 6 months/semester?

the RM is weakening against all currencies,

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

There is possibility of Euro parity with USD.

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

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

Testing 3.80

Exports fell 9 per cent in May from a year earlier, following a 8.8 per cent decline in April, according to a Bloomberg survey before data due July 3.
http://www.themalaymailonline.com/malaysia...id-greek-crisis

Pls pm me when $1:MYR4

Our own QE add on the salt, it sure gonna be long to get back

Bonds | Tue Jun 30, 2015 11:56am EDT Related: CURRENCIES, BONDS, MARKETS, FINANCIALS
Fitch Affirms Malaysia's LTFC rating at 'A-'; Outlook Revised to Stable
http://www.reuters.com/article/2015/06/30/...t92745620150630

mean good news leh?

because from Negative to Stable Outlook