Quietly lai lai?

juz as planned

That's the least of the problem. Those foreigners bring disease like TB.

18 Feb 2016 15:10 UTC - 19 Feb 2016 15:19 UTC
USD/MYR close:4.21692 low:4.17020 high:4.23439

went back to the "old" level

MYR may depreciate next Mon as WTI tumble 1.70 or 5.52% to USD29.07 now

UOB Malaysia expects the ringgit to rebound in the second half of 2016, supported by the country’s diversified export base and the sustained current account surplus.

“The ringgit, up by 6% against the US dollar since its weakest point in the third quarter of 2015, strengthened against most major and regional currencies to become one of the strongest performing Asian currencies in the first six weeks of 2016.

http://www.thestar.com.my/business/busines...-in-h2-of-2016/

Interesting statement by UOB but not a single forecasted figure provided in the article.
Their estimates are provided here:
http://www.theedgemarkets.com/my/article/u...owards-year-end

Citibank's estimate is the opposite - RM4.53 by June'16 and RM4.51 by Dec'16 (see page 3):
https://www.citibank.co.uk/static/documents/recap.pdf

Of course, there'll likely be as many different predictions as there are analysts.

This post has been edited by langstrasse: Feb 22 2016, 02:49 PM

oh thanks for the additional info on the UOB statement

The international reserves of Bank Negara Malaysia rose slightly to US$95.6 billion (RM410.2 billion) as at Feb 15 from US$95.5 billion (RM410.1 billion) as at Jan 29.

The reserves position is sufficient to finance 8.2 months of retained imports and is 1.2 times the short-term external debt.

All I'm thinking at the moment is whether or not I can exploit the situation to make money online in USD and get lots of MYR. So, it is possible?

Go for it
Report losses here

I don't think losses are possible, because I create what I sell. I got a dayjob (which pays like shit), but I could invest time sell my crap on the Internet. And since there's an unwritten rule not to undercut other people in the field, I could afford to charge full-price in USD.

I'll be rich!

This post has been edited by Parrot: Feb 22 2016, 10:53 PM

Whatever floats your dingy

hear this before...

That confidence is just sarcasm, fam. I don't even know if I have a market yet, but I might as well give it go, right?

This post has been edited by Parrot: Feb 23 2016, 01:01 AM

If you attempt 10 times, it is more likely to score 1 goal than to sit down and think and wait

Unless you are Rooney

From worst to among strongest: Ringgit's remarkable turnaround
http://www.nst.com.my/news/2016/02/128844/...able-turnaround

Yes. As long as the investment doesn't bankrupt you, you should give it a try. Don't give up.

what goes up must come down. and vice versa.