1.00 USD  =  4.31  MYR

1.00 SGD  =  3.07 MYR

1.00 USD  =  4.31  MYR

1.00 SGD  =  3.07 MYR

Govt’s proactive measures lift ringgit higher
http://www.freemalaysiatoday.com/category/...ringgit-higher/

4.3145
http://www.bloomberg.com/quote/USDMYR:CUR
but bernama claims success...

4.3145
http://www.bloomberg.com/quote/USDMYR:CUR
but bernama claims success...

Premature claim. Market too volatile even within the same day. Best not to claim.

Hi Hansel, that is a very interesting insight. I hope you do not mind me asking what's the best way to hedge against a foreign currency eg.USD? If I would like to go down this path, should I be looking at opening a dual currency account, saving $ into an offshore bank eg. Singapore or buy some UT in FSM SG (not MY)?
I'm not very knowledgeable in these areas and would like to understand from you. Thanks in advance.

Hi Hansel, that is a very interesting insight. I hope you do not mind me asking what's the best way to hedge against a foreign currency eg.USD? If I would like to go down this path, should I be looking at opening a dual currency account, saving $ into an offshore bank eg. Singapore or buy some UT in FSM SG (not MY)?
I'm not very knowledgeable in these areas and would like to understand from you. Thanks in advance.

Tq,.. yes, I have known this a long timeback when I first researched on how to take money back, in different amounts, from different countries which relates to different denominations/currencies, and with different techniques of repatriating back.

That's why I wrote to Ancient that if we are to explore brinigng funds back to Msia for our daily usage, there is a whole new strategy to study there, in order to maximise the net MYR amount that will drop into our bank account after conversion, minimise fees (even ATMs charge fees if we are to withdraw USD or CAD from our accounts overseas) and maximise convenience (ie we can lay our hands on the money everytime we want without requiring to log-on and do a TT).

We can touch-on specific countries if our discussion so requires,... if it can help our forummers. For a resume,... I have onsite bank accounts in many countries and interests in many countries.

Edited to add the final para.

If you have so many bank accounts in so many countries, wouldn't it be troublesome for your heir to retrieve these money when you are gone? Have you thought about that?

fluctuating quite a bit today.

probably due to holiday, 20 bil, red rally, us fed meeting, etc...

range 4.25-4.30!

For me, I would buy-in straight since I am of the opinion that I am in for the long term.

I would go down to Singapore and open a foreign currencu account in Singapore.

I would then return to Msia and TT the funds to my USD foreign currency account in Singapore.

When the funds are in, I may buy some USD-denominated funds in Singapore via Philips Capital. I use Philips Capital.

The Doomsayer's Guide to the Fed, Rates and What Could Go Wrong

2) Emerging Contagion: Developing countries that rely on foreign capital to finance their current account deficits are expected to face trouble, since higher rates in the U.S. would threaten to siphon that capital away. In a report last month, Morgan Stanley identified Brazil, Indonesia, South Africa and Turkey as the riskiest. UBS AG also listed Ukraine, Egypt and Venezuela as the most vulnerable, based on their debt and strength of finances.
“They’re all pretty dangerous,” said BMO’s Kohli.

http://www.bloomberg.com/news/articles/201...-could-go-wrong