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 USD/MYR drop, V2

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TSwil-i-am
post Oct 27 2015, 09:35 PM

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Brent Crude Oil drop 1.2% to USD46.96
Our 2016 Budget assume price @ USD48
Thus, MYR is under tremendous stress n GST could revise upward
TSwil-i-am
post Oct 28 2015, 08:31 AM

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27 Oct 2015 00:20 UTC - 28 Oct 2015 00:26 UTC
USD/MYR close:4.28693 low:4.22910 high:4.29478

Could break 4.30 mark with the weak oil price now
TSwil-i-am
post Oct 29 2015, 10:03 AM

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‘Ringgit could stabilise within 4.20-4.30 range by year end’
http://www.theedgemarkets.com/my/article/%...ar-end%E2%80%99
TSwil-i-am
post Oct 29 2015, 11:48 AM

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28 Oct 2015 03:40 UTC - 29 Oct 2015 03:43 UTC
USD/MYR close:4.28569 low:4.24716 high:4.32133

Still stubborn to cross 4.30
TSwil-i-am
post Oct 29 2015, 07:07 PM

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28 Oct 2015 11:00 UTC - 29 Oct 2015 11:03 UTC
USD/MYR close:4.31750 low:4.24716 high:4.32133

Gonna hit my TP of 4.33 soon

TSwil-i-am
post Oct 29 2015, 09:22 PM

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QUOTE(AVFAN @ Oct 29 2015, 09:08 PM)
now, what does this mean...?
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No wonder the foreign reserves is pretty stable
TSwil-i-am
post Oct 30 2015, 08:09 PM

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RM4.30 is still a dream
TSwil-i-am
post Oct 31 2015, 08:38 AM

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1MDB's Edra sale done?
http://www.thestar.com.my/Business/Busines...done/?style=biz

If the deal is 'seal with a kiss', MYR could head south @ 4.10
TSwil-i-am
post Nov 2 2015, 09:14 PM

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QUOTE(13aby @ Nov 2 2015, 05:35 PM)
haha ..... u TP for? shakehead.gif
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It's so near n yet so far sweat.gif
TSwil-i-am
post Nov 4 2015, 06:42 AM

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QUOTE(KTCY @ Nov 4 2015, 01:57 AM)
4.23 now. What's wrong?
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Price of crude oil up
TSwil-i-am
post Nov 4 2015, 03:00 PM

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QUOTE(KTCY @ Nov 4 2015, 12:47 PM)
Back to 4.25-4.26 hmm.gif very unstable.
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4.2713 now brows.gif
TSwil-i-am
post Nov 4 2015, 06:13 PM

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QUOTE(Hansel @ Nov 4 2015, 06:10 PM)
Wil,... you are quite keen to see the RM weakening. Are you hoping to profit by converting the USDs you have in-hand into the RM ?
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Yes
TSwil-i-am
post Nov 4 2015, 07:16 PM

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QUOTE(AVFAN @ Nov 4 2015, 06:58 PM)
with crude at 48, rm won't go lower than 4.25.

if crude rises to 50, and that is possible if brazil strike drags on and china data improves further, rm can get to 4.20.

but watch yellen/fed thing in dec.

the rest incl exports, tourists and 1mdb will not change much, will not matter much.

so, place yr bets! tongue.gif
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If 1MDB managed to sell energy assets for RM18 bil (as reported), MYR may appreciate to RM4.10
TSwil-i-am
post Nov 4 2015, 07:21 PM

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QUOTE(Hansel @ Nov 4 2015, 07:01 PM)
Convert only if you need to use the funds. Otherwise, invest the funds somewhere in USD-denomination,... the USD has more upside vs the RM compared to downside.
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Any short term (up to 1 mth) investments to recommend?
TSwil-i-am
post Nov 4 2015, 08:38 PM

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QUOTE(Hansel @ Nov 4 2015, 07:33 PM)
Off the top of my head for one month investment, it would be FCFD - USD Foreign Currency Fixed Deposit.
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Wat is the indicative returns pa?
TSwil-i-am
post Nov 4 2015, 09:12 PM

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QUOTE(Hansel @ Nov 4 2015, 07:36 PM)
hmm.gif  Will it ?

Finally, if 1MDB truly gets re-capitalized and all assets are disposed-off eventually and all debts paid-up, the RM will re-strengthen to 3.80 vs the USD ? 
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"Invisible hand" will utilize tis news to push up MYR which will attract herd mentality
TSwil-i-am
post Nov 5 2015, 03:10 PM

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QUOTE(ikanbilis @ Nov 5 2015, 12:08 PM)
Finally broke 4.30 to 4.3078. Moving towards 4.40 in tandem with weak oil price?
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Glad to c it cross 4.30 mark icon_idea.gif
TSwil-i-am
post Nov 5 2015, 10:03 PM

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QUOTE(AVFAN @ Nov 5 2015, 07:51 PM)
rm cannot get stronger, growth at risk.
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Glad to c tis news icon_idea.gif
TSwil-i-am
post Nov 5 2015, 10:17 PM

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BNM kept OPR unchanged
Gud news for borrowers but bad news for MYR
TSwil-i-am
post Nov 6 2015, 07:46 PM

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Global funds raise Malaysian bond holdings as ringgit rallies
http://www.thestar.com.my/Business/Busines...lies/?style=biz

Surprisingly foreign investors make a U turn
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