Continue from
v1 : https://forum.lowyat.net/topic/3461956/+2500
v2 : https://forum.lowyat.net/topic/3704916

2014
8/9/2014 - 3.1740
2/12/2014 - 3.4240
31/12/2014 - 3.4965

2015
2/1/2015 - 3.5160
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 (v2 commenced)
30/9/2015 - 4.3955
30/10/2015 - 4.2960
30/11/2015 - 4.2640
2/12/2015 - 4.2325 (v3 commenced)
16/12/2015 - 4.3250
17/12/2015 - 4.3135 (US Fed Reserve increase int rate)
31/12/2015 - 4.2935

2016
4/1/2016 - 4.3490
29/1/2016 - 4.1550
29/2/2016 - 4.2050
31/3/2016 - 3.9020
29/4/2016 - 3.9035
31/5/2016 - 4.1290
30/6/2016 - 4.0225

*29/9/2015 - 4.4565 (Highest)

This post has been edited by wil-i-am: Jul 4 2016, 08:58 AM

real value is dropping these days by the bombs

You talking about RM or USD dropping?

anyway RM is increasing abit la!! it take time.. our economy will be better at 2016.
I guess najib had fullfil his promise.. give him 6 month period on June

i am talking about both currency, look at how yuan is entering sdr and the brics nation buying tonnes and tonnes of gold. this will do no good for the future for the U.S. luckily our leader sapu all, we have lots of deal with china too, this might be better for rm for the long run, but who knows when the next 1mdb will come and price of goods and services will just keep increasing.

this is why whatever you earn will just eat up by inflation day by day. (thus real value of money goes down) (even yearly increments can beat the real inflation and not to mention those idiots who have tonnes of liablity thinking it is asset, when the shit falls everyone is going to wake up)

maybe 1mdb asset sale to foreigners explained rm 4.3->4.2 = 2.3%.

if did nothing but just go, recovery could have doubled or tripled.

not sure what u are proposing or just venting.

all currencies depr over time against a basket of goods for consumption - that's an inherent part of our man-made capitalist system can sustains on growth and inflation.

gold and diamonds are no guarantee as we have seen enough.

stocks and bonds have risks.

can't be overly depressed.... just have to keep going, try to incr earnings and diversify as much as possible.

USD/MYR close:4.22614 low:4.21251 high:4.24346

ForexTime Ltd, an international foreign exchange broker, has suggested Bank Negara Malaysia (BNM) increase its interest rates to encourage more investors to hold more money in the market and strengthen the ringgit.

Vice President of Corporate Development and Chief Market Analyst, Jameel Ahmad, said once the ringgit rebounded, it could limit the pressure on the currency, the local economy and make goods importation cheaper.

that makes economic sense but not political sense as millions of voting m'sians have hundreds of billions of debt to repay.

everything here now is driven by politics. so, will not happen.

meaning the rm is going nowhere. 4.20-4.30.

until fed hike becomes reality and/or oil price moves dramatically.

yeah, true. Malaysian have one of the highest household debt

looks like kinda hard to go below 4.20

BNM closing rate on 1/12 n 2/12 is the same @ 4.2325

Morgan Stanley forecasts that USD/MYR will hit 5.0 in 2016

in a perfect storm, yes.

crude 35, fed rate hike(s), low gdp growth, int rate cut, incr budget deficit, more debt, more wastage, more songlap...



crude now about to crash below 40.

Looks like MYR is the worst. We will see if forecast is spot on in 4weeks time. Baht is stable.

1.00 USD = 4.24725 MYR

http://www.themalaysianinsider.com/malaysi...abilise-ringgit

I bet that China will get the HSR project too. Would that help too?

I wud reckon HSR project is a given to China

Time to long USD