i know. That's why i can't understand why the Aussie is gaining vs MYR in the last 2 months

Affecting in my Sales... Job job job

1.00 USD = 4.38006 MYR.

will break 4.40 today?

Actually both countries are affected by commodity prices. Both currencies closely move in roughly same direction. Maybe affected by data such as the recent job creation numbers or political deveopment

I would prefer AUD to RM over long term. But because of the tax laws, investments other than own stay residence in Australia is putting me off

Over long term i would place my bet on SGD. The up trend has never been broken.
Whereas AUD has fluctuated a bit vs MYR.

it's been driven by the apparent current improved outlook in copper, iron and other mined metal ores and signs of renewed economic strength, e.g. job creations.

keep in mind there have been 2-3 int rate cuts in oz in the last yr or so.

and... oz does not suffer from bijannomics, so confidence is not seriously lacking like here.

if buying usd today, pretty sure u will pay 4.40.

Looks to me like the windows for buying foreign currencies are always very small. The last time I had a chance to plough-in was during the weekend immediately after the budget ann't.. I managed to catch the SGD and the USD. SGD - recalled caught around 3.02,...

After that, don't seemed to be able to catch anymore...

Despite all the doom n gloom, MYR is still holding on to 4.38 +/-

take that as "last opportunity" to long usd.

Yes, Sgd is one of most stable currency, but it gives almost no interest throughout.

I converted to SGD at about (about 2.50) on 2008 years ago, the interest rate was so low across, basically earn less than 2% over the 7 years period.

Today it becomes 3.05 + 2% = 3.11 worth

compared to 2.50 of RM that placed with average 3.x% now compounded (total up about 23%) now roughly worth 3.08.

I merely gain much 0.03 by holding Sgd, over the 7 years period, unless one just converted last year at about 2.6~2.7 time, then different story.

Dec USA raise interest. +-RM4.7 I guess, if no perfect storm. Else 5-6.

If auntie backs down from rate hike messages, then the RM will strengthen a bit. If oil price swings-up a bit, RM will strengthen.

If any 1MDB asset is divested at a good price, the RM will strengthen a bit.

Agree. I remember a few months back in my reply to you about USD/AUD/GBP/SGD which is better, I said I would rather put my investment funds in SGD on Singapore soil. But if only have the choice of AUD vs RM over long term, I would choose AUD

Hi Cherroy,... with the impending rate hikes from the US, loan rates are going-up in the republic. I see that these hiking loan rates are slowly translating into increasing FD rates too. By the time when Ms Yellen truely hikes the Fed rate, I suspect the MAS will encourage higher FD rates across the board in the Sgp Banks.

Convert to SGD for FD interest would definitely give low return. Have to take more risk like stock market to achieve higher returns

Wow,... so many are confident abt the republic (me included, I believed I was one of the first to signal out in this forum of the everlasting strength of the SGD throughout the years).

However, as in everything, will Sgp ever fall due to any reason,... and the SGD depreciates badly ?

no fed rate hike-oil up-imdb resolved scenario has been awaited for >6 months now while the opposites have been happening.

so, better take the other side for next 6 months.

That's why i bought SReits.

Currency stability plus yields! Whe i first invested into Sreits, SGD was 2.3 and the yeilds were just humongous! From 9 to 12 %!

This post has been edited by prophetjul: Nov 13 2015, 11:05 AM

Forex market r full of seduction, the more u c the more u get attracted
The best way to avoid being trapped r to stay away 1st