Y 30 more?

Till end-of-lifespan,...

bot at 3.04. that was usd rate not so long ago.

next week could be 3.15

usd/myr 4.30. then... 4.5, 4.7, 5.0 or 4.0, 3.8, 3.5?

perhaps can look at other battered currencies of comparable nations - emerging market, commodities based, high corruption, high debt.


from this list, some currencies are either too different or too strong to compare.

but look at south africa and mexico. and brazil, turkey.

against usd:

brazil -65%
turkey -37%
south africa -35%
mexico -27%

msia - 35%

brazilian real due to national oil company corruption scandal is now rated junk by global agencies, so it is among the worst in the world while rm is worst in asia pacific.

mexico and south africa like msia are at risk for rating downgrade.

of course, there are many other factors. question is which ones will really help the rm and which ones can drive it further down?

i would think if a rating downgrade comes, rm will go to 4.50 if everything else remain unchanged.

This post has been edited by AVFAN: Sep 12 2015, 07:01 PM

If we take Brazil as the rock bottom, then RM will fall to a maximum of 5.2 to "achieve" -65%. About RM0.90 to depreciate. The show still can run on for quite a while

Malaysia's Prime Minister Najib Razak to announce economic measures on Monday
http://economictimes.indiatimes.com/news/i...ow/48931695.cms

Saviour on d way?

I only hope that whatever measure announce will not burden the people or not prop up something at the expense of the people.

how about officiating a petrol tax to triple br1m?

Petronas report directly to the pm. There is nothing to prevent something similar to 1ndb happening at Petronas.

This post has been edited by icemanfx: Sep 13 2015, 06:13 AM

icemanfx,

Come on... Let's THINK for a moment. In fact, why should something like 1MDB need to happen in the FIRST PLACE if the PM can get the money from Petronas??

Dreamer

This post has been edited by dreamer101: Sep 13 2015, 05:29 AM

Greed.

icemanfx,

That is one possible answer. But, there is another possibility too.

Dreamer

This post has been edited by dreamer101: Sep 13 2015, 07:00 AM

Dr.M has accessed to Petronas account?

petronas is not in good shape.

if it is public info, there is probably more than meets the eye.



and u bet all gomen agencies, civil service, bn state gomens are in the red.

mana ada duit?

selangor and penang still hv some billions, right?

This post has been edited by AVFAN: Sep 13 2015, 11:52 AM

The world remains in a mess, so is Malaysia; what are we to do?
http://www.thestar.com.my/Business/Busines...ange/?style=biz

Perhaps N shld answer...

Weak ringgit hurting SMEs
http://www.thestar.com.my/Business/Busines...SMEs/?style=biz

How many % of SMEs will go bust by end of tis yr?

1.00 USD = 4.31 MYR

1.00 SGD = 3.05 MYR

so, any measure or outcome from the PM meeting today?

Which place offer the best exchange rate in KL?