Why? What's happening?

Today, rm will most likely drop like a stone. Hence "interesting"

Your confidence level seems very high

When the facts are presented, we cannot run away unless got invisible hands at play which I hope are there.

1.00 USD = 4.21000 MYR
US Dollar ↔ Malaysian Ringgit

Not dropping like a stone?

Noler

Floating very well.....

not 4.19725???

6 Dec 2015 06:20 UTC - 7 Dec 2015 06:21 UTC
USD/MYR close:4.20097 low:4.18944 high:4.21250

Managed to hang on at 4.20 level despite bad news

The international reserves of Bank Negara Malaysia (BNM) has climbed 0.74% to US$94.6 billion (RM420.1 billion) as at Nov 30, from US$93.9 billion (RM417.2 billion) on Nov 13.

In a statement today, the central bank said the reserves position is sufficient to finance 8.6 months of retained imports and is 1.1 times the short-term external debt.

Short-term external debt refers to short-term offshore borrowing, non-resident holdings of short-term ringgit debt securities, non-resident deposits with the banking system, and other short-term debt, according to the statement.

On month-on-month (m-o-m) basis, the foreign reserve was up 0.64% or US$600 million to US$94.6 million (RM420.1 billion), from US$94 million (RM396.7 million) as at Oct 30.

no hope for those hoping 4.0 or 4.5.

just accept 4.2-4.3.

that's not what i am saying, just what the world financial markets are saying.

sadly u are right

Tis is the range Ppl r willing to trade regardless whether the underlying currency is under/over value

right, do not underestimate the power of open market forces.

do not overestimate the power of small time conjuring or weak black magic.

US market buka and shot up
let's see what's the closing today

crude crashed 6%, now at 37.60.

rm may be >4.3 tmrw.

Sad to note it down 0.66%

Both WTI Crude n Brent Oil tank 5% + to 37.63 n 40.70
MYR was last traded at 4.2774

It will be a down down day for RM?

MYR depreciated from 4.2150 to 4.2595 now