really needed stronger MYR against USD

yen is the "safest" major currency; japanese bonds are where everyone goes to buy when there is panic.

usd is not as "safe" since the fed is now pressured by brexit to dump rate hike plans this year, may even cut rates next year for qe4.

euro is even less safe as brexit will now prompt holland, sweden and denmark to mull exit too.

overall here, usd is probably still the best currency to hold in the near term as it is more fluid and easy to buy/sell.

at this time, rm has nothing to drive it higher.

except rising oil price.

and oil price just dropped 5%, likely to drop further.

becos pre-brexit, most investers/traders bet on bremain and drive stocks/commodities/crude prices higher.

now, they are reeling from the shock, come down to earth to face oversupply and strong usd pressures again.

anyway, don't let a slightly higher spending spoil your the holiday.

okay. thanks for your reply

The Japan tour is a family trip and the Yen bought is not much just for add'l expenses on top of tour package. But USD wise will have greater impact due to amt involved.

Anyway not going to be affected much no matter how much RM drops. Life goes on.

right...

these fx changes will not stop, will keep moving up and down for all kinds of reasons.

for necessary spending like fees and travel, no need to be concerned too much.

only for investment, gotta be more careful.

M expecting it to weaken

Right ! For USD as said before, have even bought at 4.45 rate 21k USD back in Jan. Just have to take it easy.

What the hexx !

This post has been edited by bbgoat: Jun 26 2016, 07:10 PM

U still can wait n c as your commitment in Jul

MYR rebounded back ! However, due to recent Brexit, stock market took a hit.

Hope that it will go south but then go north by mid July or so, which is not too far away already !

Ringgit to decline to 4.15 versus US dollar next week
http://www.nst.com.my/news/2016/06/154548/...ollar-next-week

MYR seems to do down with everything event!

Thats due to our STRONG fundamentals

So true

Actually I thought with brexit, RM suppose to go up because investors will flock to safe heaven like malaysia to park their money temporarily?

Malaysia safe haven, talaga??

That's what they say. Everytime got financial problems people will park money in malaysia.

Worldwide renown Safe heaven currency :
USD
Yen
Swiss Franc

Financial market money flock to those currency whenever there is financial crisis.

u have been reading some unique stuff.



anyway, the trend today continues as expected.

gbp falls further.

yen gains against usd.

usd gains against all other currencies.

the prospect of usd-euro parity is now getting more real.

World oil price up + Brexit. RM to USD should be strong.
why RM become weaker?