The Fed and the threat of a global currency war: 5 things you should know..... Published on Mar 20, 2015 - See more at: http://www.straitstimes.com/news/business/...h.GMzNWDia.dpuf
ringgit Malaysia drop , how to I change my RM to USD
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 Mar 21 2015, 12:45 PM
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5,143 posts Joined: Jan 2015 
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Jun 11 2015, 09:53 PM
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#2
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QUOTE(nivota @ Jun 11 2015, 07:05 PM) Tumpang thread here guys...hope sifus' here can give me piece of advice... I'm getting afraid because i'm going to UK for my degree studies this coming September As looking ringgit dropping from 5.2 early this year up to 5.8 as of today, anyone have any idea or advice to direct me so that i'm spending the less ringgit to UK? Thanks everyone   with just 2+ months..cannot do much...FOREX can go both ways...instead of thinking of how to spend less ringgit to UK, in this 2+ months, why not focus of how to spend less and make some pound in UK while you are there. ex...learn to cook and do some stitch works, learn some basic hair cutting....keep your self more physically fits so that can do some part time work while there... just a thought... |
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Jun 12 2015, 08:54 PM
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#3
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QUOTE(Hansel @ Jun 12 2015, 06:40 PM) Agreed for most of the currencies in the world (incl the mighty USD), HOWVER, in my many years of chasng passve income, I have come to realise that the SGD has NEVER failed me. In the long run, it has always been up, up and up against the RM. The MAS has always advocated a gradual appewciation of the SGD. Nexona, thank you.... anyone got the data for this?If "A", placed in RM 1000 in FD with Malaysian bank in year 1985 till 2015 (or 10 years at least) "B", placed in RM 1000 but converted to SGD and placed in FD with S'pore bank in year 1985 till 2015 (or 10 years at least) which one got more now? |
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Jun 13 2015, 07:38 AM
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#4
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QUOTE(Showtime747 @ Jun 13 2015, 01:12 AM) Singapore Malaysia (3 month FD rates) 1997 3.41% 7.35% 1998 5.17% 8.70% 1999 1.70% 6.45% 2000 1.68% 3.18% 2001 1.70% 3.25% 2002 1.00% 3.27% 2003 0.78% 3.13% 2004 0.40% 2.87% 2005 0.41% 2.80% 2006 0.56% 3.21% 2007 0.57% 3.61% 2008 0.48% 3.56% 2009 0.38% 3.30% 2010 0.22% 2.23% 2011 0.18% 2.94% 2012 0.13% 3.07% 2013 0.14% 3.11% 2014 0.15% 3.11% 2015 0.15% 3.78% 1997 forex RM:SGD 1.00:1.79 1. Put S$1000 in FD renew on maturity from 1997-2015 = S$1208.84 2. Put RM1790 in FD renew on maturity from 1997-2015 = RM3652.44 3. S$1208.84 x 2.78 (2015) = RM3360.57 RM wins. Malaysia Boleh. Bercukur ada Barisan Nasional  thanks for the compiled data....appreciated it very much...it proved/showed some things.btw, "Bercukur"...???  This post has been edited by T231H: Jun 13 2015, 08:08 AM |
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Jun 14 2015, 09:05 AM
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#5
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QUOTE(Hansel @ Jun 14 2015, 03:50 AM) ........ Becos back in the 'earlier yrs', the spread in the SGD-RM exchange rate was not as wide as what we have today. I recalld the SGD startd to 'run further and faster' away from the RM frm around the mid-range of 2000-2010. .... just got this from the web....Attached thumbnail(s) 
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Jun 14 2015, 09:19 AM
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#6
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QUOTE(KenYoung @ Jun 14 2015, 01:47 AM) Is it a good time to change most of my foreign currency now? I.e. My sgd... Got few Thousands in hand... Or just keep monitoring? in hand = not growing (except MAYBE from exchange rate appreciation)then read page 21, post 415.... (Remove the "interest rate earned" from SG bank bcos yr money in hand will not hv interest) |
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Jun 24 2015, 10:14 AM
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#7
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QUOTE(dwin95 @ Jun 24 2015, 10:09 AM) 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? maybe convert half of what you got?whichever way the forex goes...you just gained or lost half of it... |
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Jun 24 2015, 10:33 AM
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#8
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QUOTE(dwin95 @ Jun 24 2015, 10:24 AM) so convert 1 year of my cost now you say? That's a risk I believe my parents could afford to take. try asking in FOrex thread...seek the SIFUS there on their views on the direction of RM? |
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Aug 20 2015, 12:55 PM
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#9
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QUOTE(nexona88 @ Aug 20 2015, 12:45 PM) oh my mistake.. so it should be previously have high levels of reserves  Now no more HIGH?...   |
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Aug 20 2015, 06:55 PM
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#10
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QUOTE(AVFAN @ Aug 20 2015, 01:06 PM) just for info... just saw this....kazakhstan is the largest crdue exporter in central asia. rm's 16% drop can be considered small...? Kazakhstan's currency just lost a quarter of its value The oil price crash has claimed another victim. Kazakhstan's tenge plunged an incredible 23% on Thursday after the government allowed the currency to float freely. http://money.cnn.com/2015/08/20/investing/...=hp-toplead-dom |
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Aug 20 2015, 08:24 PM
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#11
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QUOTE(AVFAN @ Aug 20 2015, 07:15 PM) 1/4 is mild. rm's -16% is really not bad but maybe worse coming. .......  1/4 in a day ...luckily we are in a pot of slow boiling water....16% in a few months and more to come?...... just read tis....The Singdollar, like most Asian currencies, will keep falling against the greenback while the yuan may dip less after its heavy adjustment last week, he said. That will make Singapore exports cheaper. The Singdollar has fallen 13 per cent against the greenback over the past year to $1.4048. http://www.nationmultimedia.com/business/F...e-30267084.html This post has been edited by T231H: Aug 20 2015, 08:46 PM |
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Aug 24 2015, 11:19 AM
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#12
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QUOTE(richstars8818 @ Aug 24 2015, 11:07 AM) can u suggest me some of the trustable website? thx while waiting for more value added response..i googled and found this...http://www.bnm.gov.my/microsites/fraudalert/0203_forex.htm Attached thumbnail(s) 
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Aug 24 2015, 11:23 AM
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#13
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Ringgit sinks below 3 to the Singapore dollar for first time ever
http://www.straitstimes.com/business/econo...3-to-singdollar |
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Aug 24 2015, 11:31 AM
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#14
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QUOTE(AVFAN @ Aug 24 2015, 11:28 AM) thai baht 8.5 = rm1. now, everyone can shop at border towns.  now, everyone can shop at OUR border towns. |
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