All banks quote the same rate ? If not, which bank U use ? Rate better than money changers ?

Roger89,

What makes you think that MYR will not drop even more?? In fact, the likelihood of MYR stop dropping over the next 3 months is very slim.

Dreamer

Midvalley's My Money Master rate lower at 4.45 -

http://moneymaster.com.my/

Think it the bright way, at least we are number 1 now(where nobody want to do so), we are winner

http://www.chinapress.com.my/node/659011
Good news for tomorrow, we will test all time high of rm4.5 = USD1, rm5.20 = 1Euro, rm3.30 = SGD1.

This post has been edited by supersound: Sep 30 2015, 03:03 PM

I'm thinking the MYR may reach a temporary low this week. As for when and how soon it will breach 4.7 i dunno. Maybe pretty soon.

The USD rally against MYR have been a year now. I could be wrong. In this environment, what is oversold can become really oversold.

Banks have different rate
Rate depends on whether u buy TT or OD

Roger89,

You are forgetting the FUNDAMENTAL. Read above. The rally is fueled by oil and gas price drop. The worst is yet to come..

Dreamer

^ thank you. Just hold on tight.

maybe typo

should be RM5=USD1

Roger89,

<<Just hold on tight.>>

??? If I am you and I have more cash in RM, I would exchange more RM to USD. Hold on tight is NOT what I would do.

Dreamer

4.5, 4.7, 5.0....

what are the major up and coming factors that will determine the value of the rm?

beside usa fed rate hike timing and oil/gas prices, i can think of:

.. rm11 billion bonds maturing tmrw

.. oct 23 budget 2016 tabling

.. oct parliament


.. nov 23 closing date for abu dhabi funds' rm2.5bil rights issues on rhb

what else?

Hold onto your USD. I'm a believer in the current dollar rally too.

I see also that the GBP/MYR appreciate a lot more then USD/MYR because of the USD rise, and GBP rise. But now is a lot more expensive, eg RM6.8 for 1 GBP then say RM5 for 1 GBP a while back. For USD say RM4.45 compared to RM3.5 a while back.

Should i just go for pure USD or will other currencies still follow this trend/percentage rise?

Crude palm oil, its surprisingly going up now even during haze/smog, probably crashing soon

China devalues Yuan again?

not really.

gbp vs usd:
last 1 yr, 1.62->1.52.
http://www.xe.com/currencycharts/?from=GBP&to=USD&view=1Y

like crude, there will always be some minor ups and downs due to stocks, inventory count, weather.

cpo also subjected to import/export taxes effect as there are far fewer producers and users of this commodity compared to crude oil.

china... another devaluation is possible but looks unlikely in the immediate term, no indication at this time.

india has just cut int rate by 50bps but should not affect rm too much as india is not among msia's largest trading partners.

Perhaps you're right. I guess it's the multiplier effect. To get the exchange rate;- GBP to USD to MYR...

What does China devaluation mean ? We can buy more RMB for RM1 ?