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

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.

Yes, it won't perfectly hedge, but it cancels each other out, if always practice the same discipline in term of closing position on both way.

1 day losses could wipe out entire yr profits
so 1 day also can earn a yr profits lo

nice one!

ok, maybe some magic.

just hope not black magic.

No la..  Cannot tahan already if myr keeps dropping.

When USD rise back, would it be more than 4.5? Heard rumors on Dec gonna be 5, but seeing now 4.27 at the end of Nov, makes me doubt it it gonna rise back.

Don't know how long to wait before can start to convert more RM into the SGD and the USD, since the RM is strengthening now.

since their lowest values[/b], they have all recovered:
brazil +11.8%
turkey +7.3%
indon +7%
mexico +4.5%
s korea +4.2%
malaysia +4.0%
south africa +2.2%
better than south africa... isn't that exciting?

brazil is still the worst - best time to go there to samba, i guess.

Don't know. Maybe also because of magic ?

That's right ! This event is a mkt-moving event. As we speak, the MYR continues to strengthen against the SGD and the USD. Is Premier Li still in town, or has he left for Beijing ???

Hi,..well, I can't think of any yet. Even this Chinese bond-buying ann't was not anticipated earlier. It was because of the effect seen on the MYR strengthening that prompted me to go sniffing around on what could have caused this.

Sale of Edra Energy was also not anticipated, but the idea of this happening is pegged in the back of the mind. If sale of 1MDB assets can move the MYR (still unsure yet),... then I tend to think that when 1MDB gets rid of another asset, that would be a 'strengthening catalyst' for the MYR.

Which brings to mind the sale of the second 1MDB asset - the Sungei Besi land. I would say, to rig-up the SPA and for the other legal activities to be made ready,...the event will likely take place right around the time of or after the US rate hike day, namely Dec 18th...