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 ringgit Malaysia drop , how to I change my RM to USD

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howszat
post Jan 6 2015, 09:34 PM

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The current RM drop is due to oil price.

It will be volatile for the next 2 to 12 months (my guess).

I thought DCI is open to everyone?

But let's say it's available to you, and you make use of it.

Unless you have a reasonable idea of what's happening to currency exchange, you are doing nothing more than placing your bets at the casino.
howszat
post Aug 12 2015, 10:19 PM

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QUOTE(Showtime747 @ Aug 12 2015, 06:55 PM)
So, as much as they want to stabilize their currency, they run out of bullet and surrender
*

I don't think there is anyone in any central bank who believes they can stabilize their currency.

It is pretty well known that central banks ability to influence their currency's exchange rate versus the market, is very limited. Apart from pegging.

The only exception is probably the Federal Reserve, but that's not so much due to them but the fact that their currency is effectively a world standard.


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