What about RMB ? Shd be as good as SGD, rite ?

Better.

Guys, when everybody is so bullish and US$ shoot up so quick against almost every currencies, its time to take stock why it is so. It could be everybody is anticipating the rate increase and pricing in the expectation. When October comes, US$ may come down instead.

Just an alternative view...

Same.

The prb with the SGD is if we let it stay there, it does not generate any interest for us, or very low interest. So, as of this morning, I've decided to convert into the USD, park the funds in a Sgp bank, and hoped to enjoy the appreciation of the USD funds AGAINST THE SGD. I am now comparing how to make more SGD and no more comparing against the RM.

The SGD is targeted to weaken soon against the USD. Against the RM, IT KEEPS STRENGTHENING.

If compared against the SGD, yes, that is a possibility. But if compared against the RM, it would be a remote possibility within this year. Perhaps when Ms Yellen truly let go of the reins and the interest rate hikes by 0.25 pts, then the RM will not depreciate further against the USD.

We have to play against 3 currencies now - the world currency, the USD; our favourite currency, the SGD and our natural currency, the RM.

CB quoted TT rate 4.5095 !

We definitely don't know enough.

wah already reach

One can venture into SGreit, yield pretty attractive with more than 5-6%, while get the same exposure to SGD, as your asset is in SGD denominated already.

Keep cash that yield zero interest doesn't seem quite a good strategy for longer term.

Tks. Prb is I'm waiting to enter at even better prices, which I believed will come soon. Hence, I will wait, and will let my funds wait too. While waiting, I want to earn too.

Just lock in at 4.4525 today

1.00 USD = 4.46 MYR

1.00 SGD = 3.12 MYR

1.00 GBP = 6.77 MYR

10 yr mgs yield touched 4.50% today but closed 4.35%.
http://www.bnm.gov.my/index.php?tpl=govtsecuritiesyield

This post has been edited by AVFAN: Sep 29 2015, 06:43 PM

You mean you bought USD at 4.4525 ??

Yup

http://www.theedgemarkets.com/en/content/s...foreign%20selli

MYS has taken over the sick man of Asia.

Disclaimer: If any photoshop is by the publisher.

The yen is the second biggest gainer? There goes any plan to go on holiday to Japan, pfft...

U bought from money changer ? How much U bought - USD$10,000 ?

Nope
Bot from Treasury Dept at Banks

Is it almost time to take profit on the usd related foreign reserves?