Ringgit ‘grossly undervalued’
http://www.thestar.com.my/business/busines...ly-undervalued/
USD/MYR drop, v3
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 Mar 16 2016, 03:30 PM
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10,001 posts Joined: May 2013 
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Mar 16 2016, 04:12 PM
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All Stars
18,424 posts Joined: Oct 2010
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QUOTE(MR_alien @ Mar 16 2016, 10:19 AM) UP on monday Wa, so predictable, you must have made a lot of money. Down by friday typical bounce every week   |
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Mar 16 2016, 04:13 PM
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Senior Member
3,581 posts Joined: Oct 2007 From: everywhere in sabah 
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QUOTE(MGM @ Mar 16 2016, 04:12 PM) Wa, so predictable, you must have made a lot of money. I dnt play forexi wanna change money the spread won't make me any money through the bounce |
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Mar 16 2016, 04:36 PM
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Junior Member
198 posts Joined: May 2015
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QUOTE(MR_alien @ Mar 16 2016, 04:13 PM) I dnt play forex I saw my friend playing forex recently.. always focus on laptop hunting for forex update...still save to buy??i wanna change money the spread won't make me any money through the bounce I remember there is forex company gone out of sudden in 1 day |
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Mar 16 2016, 07:18 PM
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All Stars
24,455 posts Joined: Nov 2010
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QUOTE(wil-i-am @ Mar 16 2016, 03:30 PM) when was last time someone said rm was "overvalued"?  well... didn't templeton pull out lock stock and barrel a couple of years ago? vultures?!  i hope they buy FGV... this one in dire need to prop up the stock price. |
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Mar 16 2016, 08:18 PM
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All Stars
48,474 posts Joined: Sep 2014 From: REality
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always say undervalue. but I don't see MYR reach 4.00 level or lower
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Mar 16 2016, 09:19 PM
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Senior Member
1,588 posts Joined: Oct 2010
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QUOTE(nexona88 @ Mar 15 2016, 04:32 PM) Mobius: Weaker ringgit makes Malaysia very attractive now http://www.thestar.com.my/business/busines...attractive-now/ QUOTE(wil-i-am @ Mar 16 2016, 03:30 PM) It doesn't matter if The Star is reporting about the Ringgit, Malaysian the property market, the local banking sector or the local oil and gas industry - it's always a very optimistic and "brighter side" kind of reporting perspective.Definitely to be taken with a pinch of salt |
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Mar 16 2016, 09:21 PM
Show posts by this member only | IPv6 | Post
#1228
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(AVFAN @ Mar 16 2016, 07:18 PM) when was last time someone said rm was "overvalued"? If u notice, from time to time 1 reputable FM will speak n said MYR is under value well... didn't templeton pull out lock stock and barrel a couple of years ago? vultures?! i hope they buy FGV... this one in dire need to prop up the stock price. The rationale of d talk is to reinforce 'confidence' in local economy |
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Mar 17 2016, 08:47 AM
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Senior Member
3,581 posts Joined: Oct 2007 From: everywhere in sabah
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QUOTE(nexona88 @ Mar 16 2016, 08:18 PM) always say undervalue. but I don't see MYR reach 4.00 level or lower direct say undervaluedirect from 4.14X drop to 4.078 in 1 night   can u say POWER?  |
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Mar 17 2016, 08:51 AM
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Senior Member
10,001 posts Joined: May 2013
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Great to c MYR appreciate 1.37% now to 4.0798
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Mar 17 2016, 11:48 AM
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All Stars
48,474 posts Joined: Sep 2014 From: REality
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QUOTE(MR_alien @ Mar 17 2016, 08:47 AM) direct say undervalue lol suddenly from 4.14 to 4.08 direct from 4.14X drop to 4.078 in 1 night can u say POWER?  |
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Mar 17 2016, 11:54 AM
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Junior Member
198 posts Joined: May 2015
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QUOTE(wil-i-am @ Mar 17 2016, 08:51 AM) Great to c MYR appreciate 1.37% now to 4.0798 but still long way to go, if wanna reach RM3.80 and higher like last time |
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Mar 17 2016, 12:27 PM
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All Stars
48,474 posts Joined: Sep 2014 From: REality
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must reach 4.00 level 1st.
now I see can reach 4.05 level only, then weaken back towards 4.20. then strong back towards 4.08  |
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Mar 17 2016, 12:51 PM
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Senior Member
3,581 posts Joined: Oct 2007 From: everywhere in sabah
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QUOTE(nexona88 @ Mar 17 2016, 11:48 AM) lol suddenly from 4.14 to 4.08 the rate as someone say is around 4.1X+-and the one i added up by monday down by friday |
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Mar 17 2016, 01:36 PM
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(chichibaibai @ Mar 17 2016, 11:54 AM) but still long way to go, if wanna reach RM3.80 and higher like last time Y wanna reach 3.80 so fast when tis volatility is gud for trading |
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Mar 17 2016, 06:35 PM
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All Stars
48,474 posts Joined: Sep 2014 From: REality
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16 Mar 2016 10:30 UTC - 17 Mar 2016 10:31 UTC
USD/MYR close: 4.05468 low: 4.04680 high: 4.17934 reach back 4.05 level. tomorrow go back 4.10 level  |
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Mar 17 2016, 07:13 PM
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Senior Member
10,001 posts Joined: May 2013
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Best performing currency in SEA as MYR appreciate 1.93% to 4.0563
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Mar 17 2016, 07:15 PM
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All Stars
48,474 posts Joined: Sep 2014 From: REality
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wonder if the so called MYR 'undervalue" report yesterday have some impact on the performance today
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Mar 17 2016, 11:04 PM
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Senior Member
3,581 posts Joined: Oct 2007 From: everywhere in sabah
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QUOTE(nexona88 @ Mar 17 2016, 07:15 PM) wonder if the so called MYR 'undervalue" report yesterday have some impact on the performance today its on fire right nowwonder tomorrow morning will be what rate |
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Mar 17 2016, 11:07 PM
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All Stars
48,474 posts Joined: Sep 2014 From: REality
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QUOTE(MR_alien @ Mar 17 2016, 11:04 PM) its on fire right now wow seriously wonder tomorrow morning will be what rate 1.00 USD = 4.03128 MYR   broke the 4.05 level & might reach 4.00 |
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