according to XE now is 4.298. Gonna be 4 by Dec or gonna rose back to 4.9?

Time to short USD?

USD/MYR close:4.29985 low:4.21150 high:4.34561

Update from X-rates. Look like ringgit going stronger this week.
4.268639 MYR Nov 20, 2015 04:08 UTC

4.20 MYR today?

4.25xx now. Movement not following logic or financial rules already. If it is in stock market, sure say "insider trading" or "someone goreng" the counter

MYR is recovering well today!

weaker MYR pun susah, Stronger MYR pun susah.

apa lagi lu mau

As my previous suspicious, there are a lot of short position on RM, so short seller may be scrambling to cover the short position when it surges.

The "logic" or based on pure RM's fundamental doesn't warrant to be at 4.40 level.

Too bad today's BNM foreign reserves number only show up to 15th. Whereas the sudden RM spike only happen this whole week. We can catch a glimpse of the 2nd half reserve early next month

if u ask me..the movement is way too big to be a normal day ups and down
but i like it..i need USD
SGD also now 3.01

This actually happened a while ago when the oil price made its large move down.

There is a logical reason for the current strengthening. But of course we don't have all the information so we don't know what causes it.

It may seem illogical, but it really would not be if you had all the data.

Just met my fren who is a money changer
He is struggling right now coz he have unrealized losses due to open position

lol..same with fellow petrol station owner?
earn so much for the 1st 6-7 month when USD rocket
now drop a little already bising

Different as money changer hold a basket of currencies

still...just started...business is still business
when US rally...a couple currency also go up...profit also good
now MYR only go up 2nd day..already scream loses??
a business that cannot sustain 2 days losses but can enjoy 6 months of profit...the owner need to look into his spending
if MYR keeps rising for the next 3 month thn only complain..but 2 days

They should have natural hedge on both side one disregard up and down, as they earn the discrepancy between the spread.

They only will loss if greedy by betting on one side aka hoarding a currency that they see strong.

I supposed u dunno much on money changing activities
1 day losses could wipe out entire yr profits

if its like that thn why do so many still wanna be money changer
and yet..why didn't i see any closing down

R u sure 'so many'?
In fact, there r a lot of mergers on-going right now to boost the MCF to meet BNM requirement