Nowadays, if the company have foreign currencies liabilities/receivable exposure, more and less they adopted some hedging on it.

The forex market is simply too volatile nowadays.
Last time 1~2% movement daily is rare, but now looks like normal day range.

sme will find it hard to hedge due to limited liquid funds. yes forex swing is amazing. the amount of gains and losses is staggering.

In today business world, sadly to say, SME are facing more harder challenge to survive against big boy.

Bankers are the winner with the currency volatility, hedging become another big business that can earn banks good profit.
Banks no longer are solely earning profit by charging loan interest. Providing derivatives options, non-interest income is becoming a significant income to the banks.

Today financial market no longer like decade ago.

greed is the word
not less, sometime the rate here is better than KL...sometimes only

i was still drinking milk a decade ago

yes smes are in terrible difficult situations. sometimes the best option is to do well and sell out or merge quickly to larger groups.

hedging by sme is so risky. because it represents so much of their capital. if a big corp guess wrong its a slap on the wrist but for sme it could well be fatal.

This post has been edited by HarpArtist: Mar 6 2016, 11:38 AM

Trading @ 4.0800 now n is d best appreciation in SEA

Was this due to the call to remove bijan?

very unlikely. any possibility of changes in leadership normally depressed markets.

4.09 d... come on.. 3.99 please

Selling-out an SME poses problems too to the employees and especially to the management/owners. With a sum of money in-hand, 'ex-owners' will either have to find and start another business all over again,... or become dependant on their next-of-kins, as in retirement,... if not, how to find income ? Can't possibly just sit down and eat-up all their reserves made from the sale, right ?

Employees may be made redundant if there are similar employees from the big corporate,...

Another event to watch is retirement of Zeti by end of tis mth

was 4.08. It's actually weaken by 0.01

Now at 4.0915 despite oil price moving up

like they said, nowadays MYR not related to oil and etc.

Movement purely depends on market forces?

MYR actually "weaken" from 4.06 to 4.09 now.

crude oil price not the only factors that would influence movement of the currency

US dollar rally against ringgit may be over http://www.thestar.com.my/business/busines...it-may-be-over/

Article packed with technical analysis, but only time can tell if it's correct. Something to refer back to at the end of this year

Managed to bot some USD @ 4.0865 today

outlet?

Nice !