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 USD/MYR drop, v3

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TSwil-i-am
post Dec 3 2015, 10:47 PM

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QUOTE(AVFAN @ Dec 3 2015, 10:42 PM)
just shout when i can buy usd1 with rm4.15.

on standby. laugh.gif
*
Y shout when can PM tongue.gif
nexona88
post Dec 3 2015, 10:49 PM

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QUOTE(AVFAN @ Dec 3 2015, 10:42 PM)
just shout when i can buy usd1 with rm4.15.

on standby. laugh.gif
*
rm4.15 is becoming reality soon blush.gif
techmania
post Dec 3 2015, 10:59 PM

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Hope can go back to RM3.80
Ramjade
post Dec 3 2015, 11:04 PM

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QUOTE(nexona88 @ Dec 3 2015, 10:49 PM)
rm4.15 is becoming reality soon  blush.gif
*
Shhh. Don't say anything. Last time we say RM4.10, straight away go up
nexona88
post Dec 3 2015, 11:08 PM

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QUOTE(Ramjade @ Dec 3 2015, 11:04 PM)
Shhh. Don't say anything. Last time we say RM4.10, straight away go up
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yeah. so true cry.gif cry.gif
nexona88
post Dec 3 2015, 11:10 PM

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QUOTE(techmania @ Dec 3 2015, 10:59 PM)
Hope can go back to RM3.80
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well I also hope the same thing.

actually tat the "true value" of myr, but because of some "scandals" & "issues", it went beyond rm4 mad.gif
TSwil-i-am
post Dec 3 2015, 11:15 PM

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QUOTE(Ramjade @ Dec 3 2015, 11:04 PM)
Shhh. Don't say anything. Last time we say RM4.10, straight away go up
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Did u capitalize?
Ramjade
post Dec 3 2015, 11:20 PM

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QUOTE(wil-i-am @ Dec 3 2015, 11:15 PM)
Did u capitalize?
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I don't do forex or hold US notes. What I did was quickly do my online US shopping. rclxms.gif biggrin.gif
AVFAN
post Dec 3 2015, 11:40 PM

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don't buy fx, keep rm - the banks are really keen to have yr money.

fd rates going higher!

QUOTE
(1) Affin 15 months at 4.6% - valid until end of Dec
(2) OCBC 12 months at 4.5% - valid until end of Dec
(3) UOB 12 months at 4.4% - valid until end of Dec
(4) RHB 15 months at 4.4% - valid until March 2016
(5) Public Bank 12 months at 4.3% - valid until end of Dec

TSwil-i-am
post Dec 3 2015, 11:48 PM

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QUOTE(AVFAN @ Dec 3 2015, 11:40 PM)
don't buy fx, keep rm - the banks are really keen to have yr money.

fd rates going higher!
*
Do u think the stated int rate can beat inflation rate?
nexona88
post Dec 3 2015, 11:54 PM

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QUOTE(AVFAN @ Dec 3 2015, 11:40 PM)
don't buy fx, keep rm - the banks are really keen to have yr money.

fd rates going higher!
*
if not mistaken, someone mention deposit growth rate is lower than loans. thus now the rush to secure deposits blush.gif
AVFAN
post Dec 4 2015, 12:03 AM

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QUOTE(wil-i-am @ Dec 3 2015, 11:48 PM)
Do u think the stated int rate can beat inflation rate?
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no, i don't think so.

but that's not the point. biggrin.gif

the point is... if you serioulsy think rm will strengthen good, put in fd with 4.5% now.

rm strengthen, you can buy more usd in a yr's time.

compared to buying now, pay more rm and get no int, correct? tongue.gif
TSwil-i-am
post Dec 4 2015, 08:11 AM

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3 Dec 2015 00:00 UTC - 4 Dec 2015 00:07 UTC
USD/MYR close:4.20497 low:4.20400 high:4.26002

Gonna break 4.20 resistance soon...

Ramjade
post Dec 4 2015, 08:29 AM

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QUOTE(wil-i-am @ Dec 4 2015, 08:11 AM)
3 Dec 2015 00:00 UTC - 4 Dec 2015 00:07 UTC
USD/MYR close:4.20497 low:4.20400 high:4.26002

Gonna break 4.20 resistance soon...
*
I am betting it will run out of steam soon as seen previously. sad.gif
MR_alien
post Dec 4 2015, 08:38 AM

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QUOTE(Ramjade @ Dec 4 2015, 08:29 AM)
I am betting it will run out of steam soon as seen previously. sad.gif
*
looks like around 4.15-4.2 is somewhere the limit for now..can't go any further until bijan has more plan
MGM
post Dec 4 2015, 08:49 AM

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ringgit-to-halt-decline-in-2016-say-forex-experts

http://www.themalaysianinsider.com/malaysi...y-forex-experts

Lets say USD/MYR ding-dong around ~4.40 for the next couple of years, better to keep MYR in FD than USD?

This post has been edited by MGM: Dec 4 2015, 08:56 AM
nexona88
post Dec 4 2015, 08:55 AM

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QUOTE(MR_alien @ Dec 4 2015, 08:38 AM)
looks like around 4.15-4.2 is somewhere the limit for now..can't go any further until bijan has more plan
*
yeah.. Kinda hard to reach 4.10 level
Ramjade
post Dec 4 2015, 09:12 AM

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QUOTE(MGM @ Dec 4 2015, 08:49 AM)
ringgit-to-halt-decline-in-2016-say-forex-experts

http://www.themalaysianinsider.com/malaysi...y-forex-experts

Lets say USD/MYR ding-dong around ~4.40 for the next couple of years, better to keep MYR in FD than USD?
*
If that's the case, better but usd when it's 4.1 and sell when it's 4.4. (talking about cash). Can make a gain of about 6% each time. If it happen 2x/year, one gains 12% just by doing that
TSwil-i-am
post Dec 4 2015, 09:31 AM

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QUOTE(Ramjade @ Dec 4 2015, 08:29 AM)
I am betting it will run out of steam soon as seen previously. sad.gif
*
Past trend is not an indicative of future trend brows.gif
Ramjade
post Dec 4 2015, 09:38 AM

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QUOTE(wil-i-am @ Dec 4 2015, 09:31 AM)
Past trend is not an indicative of future trend  brows.gif
*
Usd-rm hovering around 4.4-4.1

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