QUOTE(knwong @ Apr 16 2016, 08:56 AM)
You are just speculating on this. Even the best economist can't advise you on this
Best financial arrangement for me is to stay put and only transfer when you have the need to use the money in MY, such as buy house, settle PTPTN loan - regardless of what the currency exchange like at that time
I transfer big sum of money back more than a year ago thinking by putting it in MY Bank FD the high interest can earn more. Then I realize by NOT moving any of those money back i can earn more through increasing SGD to MYR conversion
That was what my mum asked me to do a year back before the sudden drop in MYR.Best financial arrangement for me is to stay put and only transfer when you have the need to use the money in MY, such as buy house, settle PTPTN loan - regardless of what the currency exchange like at that time
I transfer big sum of money back more than a year ago thinking by putting it in MY Bank FD the high interest can earn more. Then I realize by NOT moving any of those money back i can earn more through increasing SGD to MYR conversion
Then after the drop I told her... See... Luckily I never transfer. Else even the interest give 10% also not enough cover.
Apr 16 2016, 09:34 AM

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