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 USD/MYR drop, V2

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TSwil-i-am
post Sep 9 2015, 10:24 AM, updated 11y ago

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Continue from original thread
https://forum.lowyat.net/topic/3461956/+2500

8/9/2014 - 3.1740
31/12/2014 - 3.4965
31/3/2015 - 3.7035
30/6/2015 - 3.7730
31/7/2015 - 3.8245
28/8/2015 - 4.2000
8/9/2015 - 4.3385
30/9/2015 - 4.3955
30/10/2015 - 4.2960
30/11/2015 -

*29/9/2015 - 4.4565 (Highest)

This post has been edited by wil-i-am: Nov 22 2015, 11:38 AM
TSwil-i-am
post Sep 9 2015, 03:13 PM

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QUOTE(Hansel @ Sep 9 2015, 01:33 PM)
For the helpful forummers here who carry a view that the ASM is still viable, please visit your branches asap if you wished to top-up or open booklet. I have made some divestments !

Good luck !
*
U divest 4 or 5 or 6 digits (excl decimals)?
TSwil-i-am
post Sep 9 2015, 11:34 PM

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QUOTE(Ramjade @ Sep 9 2015, 11:16 PM)
I don't agree to your statement about opening foreign currency account in MALAYSIA or just exchaning money at money changer Why?
1. Bank's exchange rate is too high
2. Money is STILL IN MALAYSIA
3. No interest/dividend
4. Rather than opening foreign currency in malaysia's bank, better I change my money via money changer. More value for money.

Rather than holding physical foreign cash, isn't it better to buy foreign stocks/REITS? Rather than money is sitting at home, not growing. At least somehow the money is growing. If the house were to burn down, the physical foreign cash will be gone in a blink of an eye.
*
In respect of FCY, TT will have a smaller spread -v- OD
TSwil-i-am
post Sep 10 2015, 07:01 AM

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QUOTE(icemanfx @ Sep 10 2015, 02:23 AM)
Greed is the root of all evils not money.
*
From another perspective, in fact greed is gud brows.gif
TSwil-i-am
post Sep 10 2015, 02:55 PM

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QUOTE(Hansel @ Sep 10 2015, 02:53 PM)
I have been a bit luckier,... my props have appreciated and with full tenancy, my SG REITs have not dropped till my Average prices, and most of my stocks and fund holding everywhere are still holding.

The single biggest problem tat I have is my ASX holdings. and the second major problem is an oil ctr in the US that has depreciated in price by 80%, though still giving out dividends.
*
I tot u have disposed almost all ASX?
TSwil-i-am
post Sep 10 2015, 03:07 PM

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QUOTE(Hansel @ Sep 10 2015, 03:02 PM)
Not all,.. yet. But even if I have, I would still classify that investment as a risky one for me this year. I have not divested any other instruments except for the ASX this yr..
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U can perform realignment of portfolios by assigning perhaps 1% as risky
TSwil-i-am
post Sep 10 2015, 05:58 PM

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QUOTE(Hansel @ Sep 10 2015, 05:49 PM)
Tq,.. I was watching Bloomberg the other night and I saw the words : Brazil on the brink. Today I saw Brazil has been rated 'Junk'. Now I know the reason.
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Could Brazil recover from its present conditions n stand up again in anticipation of Rio 2016 Olympics? hmm.gif
TSwil-i-am
post Sep 10 2015, 09:21 PM

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Which Country Will Devalue Their Currency Next? Libya, Equatorial Guinea and Oman
http://www.bloomberg.com/news/articles/201...guinea-and-oman

Surprisingly MYR deem neutral...
TSwil-i-am
post Sep 10 2015, 10:35 PM

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A lot of Ppl is opening new foreign currency a/c plus changing to foreign currency notes as they anticipate MYR will depreciates further against major foreign currencies
V will witness another herd mentality in foreign currency which is similar to properties few years back
However, tis Ppl fail to realize tat USD/MYR could make a u turn n start to appreciates
Wat tis Ppl gonna do when MYR runs wild on USD?


TSwil-i-am
post Sep 10 2015, 10:51 PM

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QUOTE(AVFAN @ Sep 10 2015, 10:38 PM)
oh, i think they know.

what will reverse the trend will not be oil or cpo rebounding hard or china flies again.

it will be m wins, n leaves. this one is a matter of weeks or months, not years, imo.
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Could b matter of days brows.gif
TSwil-i-am
post Sep 11 2015, 11:51 AM

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Some countries facing possible rating cuts and 'junk' status
http://www.thestar.com.my/Business/Busines...cuts/?style=biz

M'sia hanging on the cliff
TSwil-i-am
post Sep 11 2015, 01:40 PM

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Weak ringgit causing poor consumer spending outlook
http://www.focusmalaysia.my/Markets/Weak%2...nding%20outlook

Inflation goin up slowly...
TSwil-i-am
post Sep 11 2015, 04:20 PM

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Ringgit heads for worst run of weekly losses since 1971
http://www.theedgemarkets.com/my/article/r...kly-losses-1971

Biz as usual for our Govt
TSwil-i-am
post Sep 11 2015, 06:08 PM

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BNM maintain OPR at 3.25%
Will MYR continue to drop?
TSwil-i-am
post Sep 11 2015, 10:08 PM

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QUOTE(kit2 @ Sep 11 2015, 09:31 PM)
went to tesco this evening. shocked to see the crowd in front of the mamak money exchanger. normally there is hardly any customer at the counter. is this a sign that ringgit is going to drop further?
*
When u define crowd, it depends on which school of tot u came from:-
1st - A lot of 'genuine' clients
2nd - Owner orchestra 'artificial' clients to give gud impression
TSwil-i-am
post Sep 11 2015, 10:48 PM

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QUOTE(Hansel @ Sep 11 2015, 10:43 PM)
I don't think so,... in the last GE, PAP won,.. 80 seats, if my memory serves me correctly ! I was there,... I think and hope that this time, it wil be better for the PAP.
*
Any possibility for PAP to increase national vote share from 60% previously?
TSwil-i-am
post Sep 12 2015, 04:16 PM

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QUOTE(Hansel @ Sep 12 2015, 03:36 PM)
thirty more at least, if possible !!! rclxm9.gif  thumbup.gif
*
Y 30 more?
TSwil-i-am
post Sep 12 2015, 11:43 PM

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Malaysia's Prime Minister Najib Razak to announce economic measures on Monday
http://economictimes.indiatimes.com/news/i...ow/48931695.cms

Saviour on d way?
TSwil-i-am
post Sep 14 2015, 09:10 AM

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The world remains in a mess, so is Malaysia; what are we to do?
http://www.thestar.com.my/Business/Busines...ange/?style=biz

Perhaps N shld answer...
TSwil-i-am
post Sep 14 2015, 09:24 AM

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Weak ringgit hurting SMEs
http://www.thestar.com.my/Business/Busines...SMEs/?style=biz

How many % of SMEs will go bust by end of tis yr?

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