more like most people can't do anything.

28 aug 2014: 3.15
28 aug 2015: 4.20

loss of 33% to usd has deep impact
as the worst performing currency in asia, it cannot be a good thing.
the full effect has yet to come.
for sure, prices of everything will move up significantly very soon.
the variables are many...

.. oil/gas prices still gyrating but chances are commodities prices will stay low for some time
.. china rmb devaluation effects not over
.. us int rate hike timing unclear now
.. 1mdb, bad politics
.. foreigner net holdings in msian gomen securities or mgs
.. bersih 4.0
.. budget 2016 in oct

will be hard to know which way it will go for the rest of the year but the weights are there to take it lower.

we'll just have to see what we will see.

Folks,

<<For Malaysian residents who invest in Ringgit denominated assets, there's absolutely no currency risk. Why do you bother about the value of Ringgit againts other currencies when you would spend most of it on local products?>>

More comment from DUMMIES on the other thread.  There should be enough smart people on this thread to understand the fallacy of this comment.

Dreamer

The amount of stupidity contained in the single line above is mind boggling..

I think local banks minimum is RM50k for DCI

DCI is not ordinary foreign currency current account or FD.

It is a structured investment, which normally need 250K as min.

what is DCI account?