Prior before the 2008 financial crisis, USD was labelled as a currency worthless to hold and keep on going down.
At that time, many including professional traders/analysts said US had tremendous debt, the only way for USD was going down.

USD index against basket of major currencies plunged from 100 sink to around 70.

Against RM from RM3.80 to RM3.10.

There is no certainty in investment.
Having USD denominated asset seem a wise choice now, but situation after 5 or 10 years later, we never know whether it is still a wise choice.

Guys, i have some dollar in hand. I'm thinking to exchange it with ringgit NOW to reduce half of my housing loan. The exchange rate around 4-4.2 seems attractive at the moment.

What you guys think?

Some questions here

a) How much of our national debt is foreigner held? It is said if there is a short term run on our bonds, the national reserves of &96 is unable to cover

b) Next, while foreigners may sell, there are others who maybe attracted to the yields, Bear in mind, the rating agencies have not down graded Msia yet.

c) Why should Bank Negara raise the BR while the country is not doing well?

Why bother?  Especially when you cant do much due to the 2 above?  And also you will kill your domestic economy ?

A) Increase Gomen Income  - GST

    Cut gomen spending - reduce petrol subsidies

Its better to TAX more than kill the goose.  i think.

7) Do you seriously think US will hike their interest rates? Do you seriously think US economy is in good state?

Don't think it was mistake. Raise rates and yr economy stalls further. They had to QE their way out. Therefore interest rates had to stay low.

I don't think the RM depreciation will end soon. It has many interesting development waiting for unfolding. We are witnessing history live 

Wow, you mean our debt is actually mainly in USD ? BNM has been lying to us ?

It's okay,.. we can estimate too,.. and I think you are talking about counter-party risk on the emerging countries having more than 5 trillion in debt. Than many countries will default forst before Msia, and we can capitalise on that in many ways, if ours up there are smart enough.

I don't think is entirely right to say that we are not faving any foreign debt issue. If we are forward-looking enough, it is inevitable that we will need to default on the foreign debts because we can't sacrifice the other expenses, right ??? Unless,... some funds come in from somewhere by charitable countries or organozations that do not impose rules onto us, then things would brighten-up. Or,... some debts are forgiven,..

So no such thing of forfeit or seizure asset simply.