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 USD/MYR drop, v3

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Ramjade
post Dec 28 2015, 11:49 PM

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QUOTE(alexanderclz @ Dec 28 2015, 11:41 PM)
don't think it can go to as far as 1975 though.  laugh.gif
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Challenge accepted. You were saying? laugh.gif
http://www.tradingeconomics.com/malaysia/currency
http://fxtop.com/en/historical-exchange-ra...15&M=1&btnOK=Go!

This post has been edited by Ramjade: Dec 28 2015, 11:52 PM
Ramjade
post Dec 30 2015, 03:38 PM

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If US increase rates some more. Got potential for myr to drop some more?
Ramjade
post Dec 30 2015, 04:24 PM

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QUOTE(KTCY @ Dec 30 2015, 04:21 PM)
already increase isn't it ? 0.25
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They planning to increase until 1.25%. Now only 0.5%
Ramjade
post Dec 30 2015, 04:37 PM

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QUOTE(KTCY @ Dec 30 2015, 04:31 PM)
That will be a good news rclxms.gif
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If that happen, most likely usd1 = RM5. Your vegetables, chicken all will increase in price
Ramjade
post Dec 30 2015, 04:51 PM

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QUOTE(MR_alien @ Dec 30 2015, 04:48 PM)
MYR super stable now
is it because MYR now very hot for brunei-ans?...all sold out on brunei money changers
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What's the news between malaysia and Brunei? hmm.gif care to update me?
Ramjade
post Dec 30 2015, 04:54 PM

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QUOTE(MR_alien @ Dec 30 2015, 04:52 PM)
yes..theres a news for it
brunei-ans are flocking to sabah and sarawak for new year and christmas brows.gif  brows.gif
MYR sold out everywhere
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Oh that. The Christmas issue.
Ramjade
post Dec 30 2015, 04:56 PM

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QUOTE(MR_alien @ Dec 30 2015, 04:54 PM)
brunei ppl flocking to S&S to do thing that cannot be done in brunei(christmas and new year and ahem brows.gif )
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Cny or d****?
Ramjade
post Dec 30 2015, 05:02 PM

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QUOTE(MR_alien @ Dec 30 2015, 04:52 PM)
yes..theres a news for it
brunei-ans are flocking to sabah and sarawak for new year and christmas brows.gif  brows.gif
MYR sold out everywhere
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Got source or not?

After New Year, expect MYR to nose dive? sad.gif
Ramjade
post Dec 30 2015, 05:11 PM

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QUOTE(wil-i-am @ Dec 30 2015, 05:09 PM)
While v bz debate, USD/MYR still boring at 4.29 +/-
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Good. If it goes up higher, I cannot do my online shopping from the US
Ramjade
post Dec 30 2015, 05:22 PM

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QUOTE(nexona88 @ Dec 30 2015, 05:13 PM)
belilah barangan buatan malaysia  mad.gif  tongue.gif
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Supplements sold by Gnc, amway, cosway, elken all profit min 100% from the buyer. Buat apa kasi duit kepada mereka? vmad.gif mad.gif

Electronic/phone accessories sold by lelong is min 100% more expensive than eBay. Somemore I get free shippingfrom ebay. Buat apa kasi duit kepada mereka? vmad.gif mad.gif

All the above are priced in USD. If they can provide me the quality and choices at the same price in MYR, I sure prefer to buy from Malaysia.

This post has been edited by Ramjade: Dec 30 2015, 05:24 PM
Ramjade
post Dec 30 2015, 11:29 PM

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Wonder what will happen to USD/MYR if we throw in a likelyhood of a WW3 into the mix.

US vs China + Russia? We know that China is expanding into the SCS. Russia is moving forces into the baltic seas.

China + Russia are also moving forces into the Middle East (syria).

Will USD drops and MYR also drops if tensions are high?
Ramjade
post Dec 31 2015, 08:23 AM

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QUOTE(MGM @ Dec 31 2015, 08:19 AM)
The Superpowers will only fight each other  on other people soil, they seems to prefer ME.
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But if a ww3 would break out, while world economy would be affected. That's why I wonder what will happen to usd/MYR rate.
Ramjade
post Jan 1 2016, 08:11 PM

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QUOTE(rockstarlive @ Jan 1 2016, 07:49 PM)
35 is too low for oil. Someone will cut production eventually, storage will clear and oil will come back to 50-60.
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Increase price of oil we die. Don't increase we die. Better not increase. Let some people know how hard to "borrow" and make them crack their head.
Ramjade
post Jan 5 2016, 12:19 AM

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Would the increase tension between Saudi and Iran cause the price of oil to go up?
Ramjade
post Jan 7 2016, 06:38 PM

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QUOTE(Showtime747 @ Jan 7 2016, 12:59 PM)
Good strategy for short term.

In long term, I am converting RM to USD/SGD/AUD/GBP regardless of the rates. With not so good prospect on the malaysian economy (and hence RM) over long term, averaging out over the years will still provide forex gains
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Hope you don't mind me asking, how are you going to convert your money to USD, GBP? Are you going.to fly there and open an account there?
Ramjade
post Jan 7 2016, 06:47 PM

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QUOTE(Hansel @ Jan 7 2016, 06:40 PM)
The Msian mkt is always like that,... always have hidden hands im play,... seldom following fundamentals. Anyway, I'm sure even 'hidden hands' will run out of bullets in the long run.
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Well bnm reserves are not used or else we will see a decline in reserves.
Ramjade
post Jan 7 2016, 06:59 PM

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QUOTE(Showtime747 @ Jan 7 2016, 06:53 PM)
You can open foreign currency accounts with the banks in malaysia. After that, you can buy/sell at bank rates, or use DCI to convert at spot rate

I also have accounts in other countries. The malaysian branch of the banks helped me to open those overseas accounts so I don't need to fly there. But I think you have to have certain minimum amount to do that. After opening those accounts, you can transfer funds between those overseas account via internet/phone/email/fax/whatsapp depending on the banks' SOP
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End of the day, if you are not rich, you cannot open those account in another country from Malaysia. sad.gif If opening a foreign account in malaysia, it still makes no difference as the money is still in malaysian bank.

Looks like for not so rich people, the only hope is to fly there and open from there. sad.gif Rather than having a certain limit with certain banks.

This post has been edited by Ramjade: Jan 7 2016, 07:00 PM
Ramjade
post Jan 7 2016, 07:39 PM

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QUOTE(Showtime747 @ Jan 7 2016, 07:22 PM)
Use foreign banks in Malaysia as compromise. For small amount it is not worth the trouble to fly out of the country to open bank accounts.

Anyway, I don't think the financial system in Malaysia will collapse. So banks in Malaysia are still safe.
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Banking system is the least of our worries. Imagine myr becomes as bad as rupiah. Heck, even rupiah outperform us.
Ramjade
post Jan 7 2016, 08:49 PM

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QUOTE(@secret@ @ Jan 7 2016, 07:47 PM)
Highlight: Bank Negara's foreign reserves fall 17.8% y-o-y to US$95.3b as at end-2015 | The Edge Markets
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Hidden hands uses money from bnm? shocking.gif

This post has been edited by Ramjade: Jan 7 2016, 08:49 PM
Ramjade
post Jan 8 2016, 03:00 AM

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QUOTE(cherroy @ Jan 7 2016, 10:26 PM)
Grass is not necessary greener on the other side.

Malaysia banks that are well run, their fundamental are not bad, in fact on par with some developed countries famous banks, and they may have lesser exposure to risky asset especially for the like exotic derivatives etc, due to Malaysia banks are more conservative compared to others developed country banks.
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Is not the bank problem. But the value of our ringgit. Rupiah and bhat have managed to do better than us. Even if you have the best banks in the world but with a s*** currency, you are becoming poorer as sooner or later, things in your own country will increase to match the high foreign currency exchange. All basic necessities will go up.

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