Ya, everything got up and down. Waiting for opportunity again at <4.30.

Really surprised RM is up with so many negative news

Ya, everything got up and down. Waiting for opportunity again at <4.30.

Really surprised RM is up with so many negative news

common to have overshoot, either way.

when info change, it starts all over again.

hence the idea "never time the market".

i still see the rm continue to weaken but will get the breaks along the way.
budget 2016 on oct 23 is the one to watch - what budget deficit, what oil/gas price assumption, what pm dept budget.

I think in the longer term, there is really no catalyst for the RM to turn around. Slight breathers like this are good for RM sellers to take positions into the foreign markets/currencies.

I think the budget will be concentrated on "rakyat benefit" (read : spend for rural voters, to consolidate power)

Budget deficit is set to be broken 

It depends how it is being viewed.
eg.
if we take 2008 as reference point, USD/RM was about 3.40 during that time

Now 2015, USD/RM is 4.40 today.

A person used 34K RM to exchange for 10k USD on 2008, as USD was paying virtually zero interest since 2008, now A person still has 10k USD, which is equivalent to RM44K today

So, A person gain RM10K by holding USD since 2008, now A has RM44k worth.

B put 34K in RM FD on 2008, which carry interest range from 3~4% in this period of time, if we takes average of 3.5%, 7 years x 3.5% compounding is about 27%.
34K x 27% = RM43.2K.

B person has RM43.2K vs A RM44K.

But on paper, A looks like the person "win" big, but in real fact, A only slight better off than B,
while if USD vs RM dropped below 4.30, A actually lose out to B.

Do pay consideration on this issue as well in term of comparison. That's the reason why I emphasis a lot of importance on the yield of every investment.

"If you peg the currency, something else will adjust, either prices or demand conditions, and those might have greater effects on our economy?," she told reporters

What we want to demonstrate is that when we have fundamentals that can allow us to adjust, then when the uncertainty subsides, our currency will regain its strength again," she said.

No Need To Peg Ringgit To US Dollar, Says Zeti

http://www.bernama.com/bernama/v8/bu/newsb....php?id=1175327

'...the currency will regain its strength. ...'

I wonder regain to what level. The further it drops, the harder it will be for it to recover to the initial level after the tapering ended.

Any idea y USD/MYR appreciate from 4.4565 on 29/9 to 4.3955 today?

if can so easily make money/predict the future, there won't be people in this forum anymore, will it?

everyone would be rich already

I am D, but in the SGD context. NOt kept purely in cash, bought REITs and dividend stocks. So, quite okay on that front for me. 

Ok, you can be E. 

Indonesia unveils measures aimed to stabilise rupiah
http://www.thestar.com.my/Business/Busines...piah/?style=biz

Will M'sia follow suit?

like it or not, more of yr epf money is going to mgs with foreigners exiting.

Yield about 4-5%. Not bad for EPF. Last time only 2% to 3+%.

7% dividend in coming !!

Judging from how much my RM loss its value, must think positive a bit 

Folks,

You should know that there is not enough money (cash flow) to cover this hole from the domestic source.

The largest pool of money in Malaysia is the EPF at around 600+billions.  This is life time 20+% contribution of 1+ millions people.  The usual budget deficit is 40 to 50 billions.  So, there is not enough EPF contribution coming in every year to finance the budget deficit.  We have not even count in the reduce contribution from Petronas yet.

Beyond EPF, the other fund is much much smaller with a lot less cash flow.

Dreamer

Indonesia unveils measures aimed to stabilise rupiah
http://www.thestar.com.my/Business/Busines...piah/?style=biz

Will M'sia follow suit?