QUOTE(MNet @ Apr 23 2015, 08:28 PM)
What if the rm dropping are controlled by some people?Sure they don't want to see this to happens.
ringgit Malaysia drop , how to I change my RM to USD
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Apr 23 2015, 09:41 PM
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#1
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Apr 24 2015, 12:07 AM
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#2
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QUOTE(AVFAN @ Jan 6 2015, 11:23 PM) it's not that the banks want it, but market forces demand it. until u put capital controls. Your reply reminds me on negeri MB trying to bring few million out last time.the rm was freely traded overseas before. when the currency attack got underway, the rm was heavily sold overseas. overseas banks were offering 15-20% int for rm becos they know the result will be the rm will lose 30% value or so when it is done. thai baht, indon rupiah same result. i can tell u at that time, some people were carrying bags of rm on the plane to deposit offshore. actually even now, weak economy countries have int rates >10% like brazil, argentina, nigeria, russia. u can read more here as to how it happend - credit bubbles, hot money, etc... http://en.wikipedia.org/wiki/1997_Asian_financial_crisis |
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Apr 27 2015, 01:29 PM
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#3
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QUOTE(Hansel @ Apr 26 2015, 10:24 PM) There are three main ratings agencies. I would not trust thm even if all three gave it an AA+ (or the equivalence among the othr two). Moodys said outlook positive. Moodys said the same thing abt Bear Stearns and Lehman Bros one month before they fell, thn immdiatly changed the putlook after that, and the two companies fell. Those rating agencies are paid by speculators, so if you want Singapore to have DDD also can Fitch said negativ. I say stay away. No need to comment abt who I votd for for this is business. Diff frm politics. |
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Apr 28 2015, 04:30 PM
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#4
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QUOTE(Hansel @ Apr 28 2015, 03:42 PM) Okaylah, we all can say wht we wantd abt the rating agencies. But without proof, thn no case-lah... What that concerns invstors is tht the mrket in general is always forward-looking, and one of the indics used by the market to do this are the ratings called out by these ratings agencies. No speculations = no profit making |
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Apr 29 2015, 01:28 PM
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#5
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Apr 29 2015, 02:21 PM
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#6
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QUOTE(nexona88 @ Apr 29 2015, 01:47 PM) Nope, the rightful way is rm1 = SGD2.5. But again, we have 2 different government to rule the country, 1 is with intention to songlap while another is to build a country |
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Apr 29 2015, 04:00 PM
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#7
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Apr 29 2015, 04:18 PM
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#8
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QUOTE(Hansel @ Apr 29 2015, 04:10 PM) I rathr follow fundamentals with a small mxture of technical analysis. But thtèsme. Never by speculatng. Economy fall or raise is by speculations basically. Is matter if you are the person that does the speculation or being speculated.Obviously, most are being speculated |
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Apr 30 2015, 08:58 AM
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#9
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QUOTE(Artus @ Apr 30 2015, 02:35 AM) The ringgit doesn't need to be strong against the Singapore dollar because we don't really need to buy anything that originated from Singapore for consumption but the Singapore dollar must always be strong against the ringgit because they need to buy a lot of stuffs from us for consumption. Nope, weak currencies no matter what is not good for us. |
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Apr 30 2015, 09:11 AM
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#10
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QUOTE(Kaka23 @ Apr 30 2015, 09:03 AM) But once you are a foreign labor in a particular country, you die die hope it will be strong against rm.On my last 3 months working in Qatar, the weak rm/riyal period I gained about rm300 each month extra. Not to mention my friend that taking USD salary, he gained extra rm0.50 for every USD changed. He got about USD30000, that's rm15000 extra when he changed to rm back:w |
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Apr 30 2015, 09:15 AM
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#11
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Apr 30 2015, 09:26 AM
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#12
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Apr 30 2015, 09:32 AM
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#13
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Apr 30 2015, 09:55 AM
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#14
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Apr 30 2015, 10:03 AM
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#15
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QUOTE(psyduck89 @ Apr 30 2015, 09:59 AM) A chemical coffee sold in Qatar is rm17 while in Malaysia is rm16.His salary is rm30000 now compare to last time of rm9000 when he still in Malaysia. But again, he is still a Malaysian, so have to come when the time comes. |
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Apr 30 2015, 12:20 PM
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QUOTE(psyduck89 @ Apr 30 2015, 10:08 AM) What type of safety/security you are talking about?I can take out 5000-10000 with people watching behind also feel safe. My friend that bought his Toureg bring all cash to the dealer QUOTE(Kaka23 @ Apr 30 2015, 10:26 AM) Freaking cheap, rm170k only.QUOTE(MR_alien @ Apr 30 2015, 10:45 AM) Have tax, but no AP |
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Apr 30 2015, 02:03 PM
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#17
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Apr 30 2015, 02:07 PM
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#18
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Apr 30 2015, 03:07 PM
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#19
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QUOTE(Hansel @ Apr 30 2015, 02:19 PM) Generally, if one stays and works in a foreign country, the incme he earns from tht country wil be spent (matched) against the purchasing power capability of tht country. And agin, generaly, it will balance off, ie earn more, spend equally more. Assuming rm1=1 riyalA positive difference can ONLY be observd if he earns an income from a stronger exchange country, BUT spends that incme in a weaker exchang country. I am open to criticisms. 1kg of Salmon whole fish only need rm30-45 1kg of local vege only rm2-4(if getting imported will be rm20-40) water 1 gallon rm5, 1 family of 5 need 2-3 bottles a day, so rm15, middle east pipe water cannot be used for drinking meat are relatively cheap, rm10-20 per kg The spending in Qatar are quite cheap if you cook your self. But once you ask others to cook, it will be more expensive than Malaysia. Been worked there for 1 year, average about 90% from my salary were unused. Accommodation usually are paid by company including utility bills. QUOTE(Hansel @ Apr 30 2015, 02:21 PM) No, supersound,... I hav done the monitoring via long-distance for MANY years. And it works. Donèt talk about SG only, but even faraway countries. The internet has everything. Yup, but time is consumed. I won't use the money to buy my health back. For me, I'm not greedy |
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Apr 30 2015, 03:10 PM
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QUOTE(Artus @ Apr 30 2015, 03:05 PM) Weak currencies no good no matter what? Then why so many countries try to devalue their currencies in order to boost their economies? Japan and EU are two very good examples. Japan debt to GDP are at 244%.What good is a strong currency for us if nobody wants our products? If China and India can buy cheaper palm oil from Indonesia, why would they buy from us? EU basically already bankrupt, just that they refuse to declare it. UK allow people to clean dirty money by buying properties. Both of them do devalue their currencies. So, good or no good |
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