ringgit Malaysia drop , how to I change my RM to USD
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 Jul 31 2015, 02:45 PM
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#1
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5,867 posts Joined: Feb 2006 
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QUOTE(supersound @ Jul 31 2015, 01:21 PM) Maybe yes, maybe no. 2 edge sword on this anyway. I'm quite agree with Hansel's suggestion investing in USD-denominated instruments. Mind elaborate why maybe not and two edged sword ?? |
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Jul 31 2015, 03:59 PM
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#2
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Senior Member
5,867 posts Joined: Feb 2006
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QUOTE(Showtime747 @ Jul 31 2015, 03:20 PM) Aiyoh....you so long here also have to ask ? Chinese saying 不耻下問 ma.I answer for you : because you will kena parang by the agents  If don't know must ask and learn, don't malu malu and worst pretend know every thing. QUOTE(cherroy @ Jul 31 2015, 03:34 PM) Prior before the 2008 financial crisis, USD was labelled as a currency worthless to hold and keep on going down. As always, Thank you sir. 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. |
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Aug 13 2015, 08:03 AM
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#3
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5,867 posts Joined: Feb 2006
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Let's see how the big chemical plant explosion in Tianjin last night can affect the RMB and other Asian currencies direction today.
https://forum.lowyat.net/topic/3678473/+60 This post has been edited by aeiou228: Aug 13 2015, 08:09 AM |
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Aug 23 2015, 11:52 PM
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#4
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5,867 posts Joined: Feb 2006
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QUOTE(AVFAN @ Aug 23 2015, 10:50 PM) dunno, i suspect somewhere in south africa. Bawang putih, bawang merah, bawang besar, bawang kuning, carrots, broccoli, montel banana, butter, cheese, milk, Apples, oranges, pears, grapes, lemons.................. based on above, what common consumer product imports will be among the first to see hefty rise in prices? i can think of mobile phones, tablets, ceiling fans, lights, clothing, canned food, paints... what else?  |
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Aug 29 2015, 12:44 AM
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#5
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Senior Member
5,867 posts Joined: Feb 2006
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QUOTE(AVFAN @ Aug 29 2015, 12:23 AM) not yet. http://mykampung.sinchew.com.my/node/378455when existing stocks are finished in 2-3 months time, we'll see the effect. whether coffee, dried foods or canned food Bad news to those who are keen to have baby. According to Sinchew daily, infant formula is expected to be increased by 35% in Nov.  electrical appliances will be up by 5% to 7% next month. The good news is, Malaysian can use Ringgit to pay for it locally.  |
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Aug 29 2015, 12:59 AM
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#6
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5,867 posts Joined: Feb 2006
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QUOTE(AVFAN @ Aug 29 2015, 12:51 AM) price increase is one thing. Businesses already feel the shortage of supplies lately. Distributors are reducing the stock level in order to minimize cash flow got stuck in the form of input tax.the bigger concern is shortage of some goods as some importers/stockists/traders may be tempted to hoard. hopefully not. |
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Aug 30 2015, 09:57 AM
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#7
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QUOTE(icemanfx @ Aug 30 2015, 03:46 AM) Beside kangkong, durian and palm oil, what other local products not partially imported? Over 50% of rice, fruits, vegetables, milk powder, fish, beef, wheat, sugar, salt, Chilli, spices, chicken feed, etc are imported. How imported products not effected by depreciated myr? Let's talk about Nasi Lemak the most popular local Malaysian food. I don't think Nasi Lemak is immune to the impact of ringgit depreciation. Some of its ingredients are imported. In the recent pasar Ramadan, the price of the Nasi Lemak kosong had increased to around RM3 to RM3.50. Recipe: Nasi Lemak Ingredients: Coconut Milk Steamed Rice 2 cups of rice 3 screwpine leaves (tie them into a knot as shown above) Salt to taste 1 small can of coconut milk (5.6 oz size) Some water Tamarind Juice 1 cup of water Tamarind pulp (size of a small ping pong ball) Sambal Ikan Bilis (Dried anchovies sambal) 1/2 red onion 1 cup ikan bilis (dried anchovies) 1 clove garlic 4 shallots 10 dried chillies 1 teaspoon of belacan (prawn paste) 1/4 teaspoon of salt 1 tablespoon of sugar Other ingredients 2 hard boiled eggs (cut into half) 3 small fish (sardines or smelt fish) 1 small cucumber (cut into slices and then quartered) This post has been edited by aeiou228: Aug 30 2015, 10:24 AM |
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