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 USD/MYR drop, V2

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TSwil-i-am
post Oct 6 2015, 06:44 PM

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Despite gud news, our currency MYR hardly appreciate
As of now, it appreciated by 39.5 pips (or 0.89%) to 4.3745 against 4.4140
TSwil-i-am
post Oct 7 2015, 01:37 PM

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Time to short USD now?
TSwil-i-am
post Oct 7 2015, 02:31 PM

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QUOTE(Ramjade @ Oct 7 2015, 02:26 PM)
4.0? Not likely.
*
I tot student shld concentrate on studies instead of forum
TSwil-i-am
post Oct 7 2015, 05:15 PM

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QUOTE(Hansel @ Oct 7 2015, 04:15 PM)
rclxm9.gif  rclxm9.gif  rclxm9.gif SURE ANGPOW STYLE  smile.gif
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U have clone his forte
TSwil-i-am
post Oct 7 2015, 05:17 PM

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Those who have changed from MYR to SGD or USD earlier must b cursing the appreciation...
TSwil-i-am
post Oct 7 2015, 05:19 PM

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Awaiting BNM announcement on reserves @ 30/9
TSwil-i-am
post Oct 7 2015, 06:01 PM

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QUOTE(AVFAN @ Oct 7 2015, 05:23 PM)
bnm 5pm official closing:

usd 4.2150/4.2250

sgd 2.9780/2.9861

aud 3.0323/3.0412

gbp 6.4473/6.4651

http://www.bnm.gov.my/?tpl=exchangerates
good enough or not? biggrin.gif
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One word, wonderful rclxm9.gif
TSwil-i-am
post Oct 7 2015, 06:21 PM

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QUOTE(AVFAN @ Oct 7 2015, 06:17 PM)
what now?  hmm.gif
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USD2 bil drop is a substantial sum
Need to study wat is embedded inside 'adjustment'
TSwil-i-am
post Oct 7 2015, 07:02 PM

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30/9/2015 4.3955
1/10/2015 4.4005
2/10/2015 4.4140
5/10/2015 4.3808
6/10/2015 4.3745
7/10/2015 4.2200

USD/MYR have appreciated close to 4% now from 30/9
TSwil-i-am
post Oct 7 2015, 08:53 PM

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Herd mentality may drive appreciation of MYR...
TSwil-i-am
post Oct 7 2015, 09:01 PM

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QUOTE(AVFAN @ Oct 7 2015, 08:58 PM)
meaning "usd reserves" are not in usd but in rm->usd at old exchange rate.

e.g. if i bought 1kusd at 3.5 but rate went to 4.0 at end of qtr, my "usd reserves" is still reported at 1kusd in the meantime but becomes usd875 at the end of the qtr.
*
Dun understand
Did they make a mistake or inadvertently overlook?
TSwil-i-am
post Oct 7 2015, 09:28 PM

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QUOTE(AVFAN @ Oct 7 2015, 09:09 PM)
opps... i think i got it wrong...

i think it means the "reserves" are actually in rm. so when the rate goes unfavorable, the rm becomes less in usd.

but this is strange... if i buy 1kusd at 3.5, my reserves is 1kusd and when rate goes to 4., i still hv 1kusd and gets bloated to 4k rm, right?

we are missing something here...

"fx reserves" are in rm and subject to rate changes? hmm.gif
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My view:-
1. 5 mths import pymt : Now can finance 8.6 mths -v- 7.3 mths. Tis means lower import in 2nd half Sep 15?
2. Short term external debt : Now 1.2x -v- 1.1x. Tis means repymt of debt took place in 2nd half Sep 15?
TSwil-i-am
post Oct 7 2015, 11:46 PM

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QUOTE(Showtime747 @ Oct 7 2015, 11:39 PM)
Is the following rumour sounds legit ?
Insiders with information rushing to convert their forex back to RM knowing the above news would be explosive ?

wink.gif  blink.gif  ohmy.gif
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Sounds logic
Need to trade cautiously as market is flush with news to navigate the price movement sweat.gif
TSwil-i-am
post Oct 9 2015, 11:09 AM

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Short USD now to make $, anyone?
TSwil-i-am
post Oct 9 2015, 11:27 AM

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QUOTE(yck1987 @ Oct 9 2015, 11:22 AM)
I'm planning to do opposite way, buy more USD. What's ur thought?
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The direction is changing
Y u want to go against it now?
TSwil-i-am
post Oct 9 2015, 11:30 AM

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QUOTE(yck1987 @ Oct 9 2015, 11:28 AM)
I dont usually follow the flow ma. Not sure right or not  hmm.gif
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Now u will witness herd mentality
TSwil-i-am
post Oct 9 2015, 12:44 PM

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QUOTE(Hansel @ Oct 9 2015, 12:36 PM)
Thank you, nexona,...

Wow,.. really plunging.

To yck,... standby,...
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Q to buy @ 4?
TSwil-i-am
post Oct 9 2015, 06:14 PM

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QUOTE(meganfox88 @ Oct 9 2015, 05:53 PM)
What happens if the fed decided to increase the rate ? RM will depreciate to 4.8 against 1usd?
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Probably...
TSwil-i-am
post Oct 9 2015, 06:35 PM

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QUOTE(yck1987 @ Oct 9 2015, 06:23 PM)
That's why still keeping USD better imo.
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Practice risk mgt
TSwil-i-am
post Oct 9 2015, 06:51 PM

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QUOTE(AVFAN @ Oct 9 2015, 06:46 PM)
yes, do keep in rm, usd, sgd, euro, gbp, aud,.

heck, even rupiah and roubles! laugh.gif

seriously, no nation can escape global forces.

be international or we all go to rot.
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Did u short USD?
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