Wow! From 3.98 yesterday to 4.10 today after Brexit??

some traders if pro expert sure make good profit

I'm also watching EURMYR closely since I live in Europe until 2017.

At first I was also wondering how the rate EURMYR is derived. But now I understand a bit more. MYR is not traded directly against EUR but rather MYR to USD to EUR.

In this recent Brexit event, MYR to USD dropped about 4% but USD vs EUR increased by almost the same %.

In the end, not much up/down effectively for EURMYR rates. So now only withdraw my Malaysian savings when I need to (because the rate isn't that good). The missed opportunity was in May last year when EUR dropped near to RM3.80 during Greece uncertainties.

tl;dr You need USDMYR and EURUSD to drop before you can get cheaper EURO

You vacationing somewhere in Europe?

i don't think it's done yet.

the turmoil will go on for a few days at least.

but not for too long.

for usd/rm, it will be about crude price.

i think crude has more to fall after the bremain frenzy oil rally.

i wait for 4.20 to sell some usd.

It's too early to say. Is UK worse off or Europe better off. We don't know for sure. But USD remains the king currency in long term.
I'm going to study in Italy for half year.

XE.com is down now, must be due to abnormally high traffic.

Cool. I'm finishing up my MSc in Italy too. PM me if you need tips about documentations, visa, residence permit, etc. Or you've probably have figured it all out.

/off-topic/

When I landed last year, I was able to convert € at RM4.42 but all those money is gone now haha! Hope there'll be another window for lower EUR rate for us later.

I can't wait anymore longer
Sold remaining 10% @ 4.13 to lock-in profits

Congrats. Good move to take profits.

new to forex. while i read through the thread, many of you mentioned you buy and sold and make profit. May I know how? through online or real money exchange? is it safe?

Don't learn it.

Ahahaha many people busy checking the current rate

Settled around 4.09xx
Ytday witnessed a big trading range fr 3.95xx to 4.14xx

Lucky u or the trader in u, got the 4.13 !

those pro traders sure make big profit..

3.95 to 4.14 is kinda big swing

at the end of brexit day1 for the rm:

usd -3.5%
sgd -2.2%
aud -1.3%
euro -1.0%
yen -6.7%
rmb -2.4%
gbp +5%

if celebrating, it's only against the uk pound.

if spending pounds, better do so quick-quick as prices/fees/charges will be expected to rise very soon.

meanwhile, crude priced tumbled 5%.

brexit effects will go on for a while, expect volatility in fx, stocks, crdue, gold, commodities to persist for some time due to the pound "adjustment".

kinda noobie question

why MYR worse vs Yen?? compare with others currency?

Going to Japan for holiday. Saw that RM drop 4 to 6% to Yen depending which point in time we look at ! Going to buy yen in next few days.

http://www.xe.com/currencycharts/?from=MYR&to=JPY&view=1W

Next week RM rebound with Yen, USD ?

This post has been edited by bbgoat: Jun 26 2016, 03:14 PM

wish u good luck on getting good rate

TQ !

Just few k RM to change for the tour use. RM rise up with Yen next week, then RM rise up with USD by mid July.