ringgit Malaysia drop , how to I change my RM to USD
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 Jan 8 2015, 05:54 PM
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#1
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Senior Member
1,152 posts Joined: Jun 2007 From: Kuala Lumpur  
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If you just want to change, money changers are the easiest.
If you are afraid of RM losing its value against USD, hedge it by investing in US denominated treasuries or other equities like stocks. But note the risks involved. |
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Jan 27 2015, 07:53 PM
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#2
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Senior Member
1,152 posts Joined: Jun 2007 From: Kuala Lumpur
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QUOTE(AVFAN @ Jan 11 2015, 01:06 PM) my concern is food and medicine prices. Buy stocks of global companies or companies in Malaysia dealing in exports.we grow little food, import mostly. and there are >5mil foreign workers eating everyday and needing medicines too. add gst in april, it will not be pretty. how to hedge/benefit from low rm...? some have suggested getting stock of usd exports cos. like glove n condoms but i dun see their stock prices escalating with such poor sentiments now. ok, one idea- buy pc, ipad, iphone, imported goodies quick!   |
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