hv u ever read anything from anyone that says the rm is "over valued"?!

wait next week, we might see something, what intervention behavior.

.. yellen hawkish last night about rate hike this year
.. bnm shix hits the fan..?
http://www.freemalaysiatoday.com/category/...or-najib-leaks/

Ringgit likely to stay below 3.80 to US$
http://www.thestar.com.my/Business/Busines...036;/?style=biz

of course, with intervention. i hope it can stick around there.

may get costly, though. with oil price falling again, greek drama not ending yet, china market still in a daze.



now, 3.8015.

Yup, sure will stay below rm3.80 as other currencies like SGD will stay above rm2.80
So, BNM are kakikong, kakisong only

SGD wil have its own 'right' to appreciate as high as it can against the RM becos the RM is NOT pegged to the SGD. The RM is pegged to the USD. Look back dring the 'USD-pegged years'. The SGD kept strnegthenng against the RM even though the RM stayed at 3.80 (interbank rate) against the USD.

That's why Malaysia fails, if we are good, then we can be strengthen against all, not just 1.

1.00 USD = 3.8040 MYR

1.00 SGD = 2.8101 MYR

I would much prefer them to let this RM slide to the big round number RM4 then fix the thing there for good.

Do notify me again once it's there.

beside buying US stock market, any others way to convert our money in different currency and put it in other banks overseas?

Public bank have Foreign currency FD but still under Bank Negara.

What I mean is,....if really....touch wood.... touch wood.... our country go bankrupt...at least we had money overseas.

YES - fully-agreed. Look at Greece, some of their residents have accounts in other EU countrues, therefore can always withdraw more Euros from those countries.

So anyone can advise how to do that. The nearest country is singapore. Do singapore bank allow us to bank in money there even though we are not residents or working there?

I know can buy Singapore stocks or Singapore REIT... but how about bank in? =))

we are back then ady

well, int rates are not that high at this time.
we can expect bnm to intervene and hold at circa 3.80 for as long as possible - 3.80 is an impt pyschological level, should not be broken so easily.
meanwhile we wait for next couple of months data to see how much forex reserves spent on it - this will give a clue about future direction.

non-residents, not working there - difficult to open foreign curr accounts.
u can search the forum, a dozen threads or so on this already.

Two possibilities :-

1) Chek with HSBC, if you have an account there. can thy help to open one in Sgp for you ?

2) If you have enuff dough, call a private banking instituin based in Sgp.

for both, i think it will take "millions" to get it done.

not for those thinking rm10k, 50k, 100k.

I don't know abt my no 1), but for no 2),... call UBS otr Credit Suisse,.. but must have USD1M in the form of investable assets to park inside the account. Not cash only, stocks also can, funds also can,...

Hi,

Just want to ask, we saw that bnm defended the ringgit at 3.8. So in the event US increase the rates, any chance it will go beyond 3.8?

Cause the way I am looking at is bnm won't let it go pass 3.8. But we all know that can only happen if bnm have enough foreign reserve.

Need your opinions

that, not even bnm people can answer u now.

if us does raise int rates and i expect it will in sep, by 25bps, it just makes the intervention more difficult, more costly.

we may get a better idea in early aug to see what changes in fx reserves for june 2015 - likely some intervention already started then and not only in july 2015.

check this around aug 7 for update.
http://www.tradingeconomics.com/malaysia/f...change-reserves

BNM won't defend the RM indefinitely.

Foreign currency reserves is essential to fund the import bill and outflow of money, BNM cannot exhaust the last single USD to defend RM at RM3.80.

Central bank intervenes the forex market generally is to "calm down" the market, prevent excessive movement that can affect the confidence issue.

If USD rise due to its own fundamental (better economy, higher interest rate) and against across the all major currencies, BNM has to let it rise naturally as long as the movement is orderly matter.
If it is USD strength alone, it won't cause much too much negative impact to the economy state.