People panic when they see MYR is weakening, but in reality, have you guys actually analyse and look at how it will affect you? Most of the people won't be affected unless MYR goes down the drain to a level that is so low, like MYR 5/USD or something.

That will never happen, as soon as the MYR goes down so low, the government will just peg it at a point, they've done it before previously.

And if you're trying to make a quick buck from the decline, let's do some simple calculation eh.

Now it's MYR 3.55/USD. So let's say you buy MYR 20k worth of USD now. You'll get USD 5,633.80.

So we assume MYR will go down to MYR 3.8/USD - this was the rate back in 2005/2004 - around 10 years ago. How much would you gain?

It's interesting to note that back when MYR was around 3.8/USD, the average Malaysian was still living normally, nobody died of hunger or couldn't survive or anything like that.

USD 5,633.80 x 3.8 = MYR 21,408.

So with MYR 20k, you get around 1.4k profit, around 7%. That is the best case scenario. What if you missed the selling window, and the MYR goes back up? Forex is a highly fluctuating and speculating investment.

So before jumping up and buying USD and all, you better be prepared. Does the profit outweigh the risk? Up to your personal appetite.