19 Jan 2016 14:20 UTC - 20 Jan 2016 14:24 UTC
USD/MYR close:4.39347 low:4.35739 high:4.40569

Key highlights tis week include OPR statement (21/1) n intl reserves (22/1) which may dictate the short term movement

midf also think srr cut did boost the rm last friday.
did u manage to get a good rate?

public holiday yesterday

today, back to 4.29.

crude <30 again.

Hi Hansel,

How did you manage to get SGD at 2.9980, can share?

I went to money changer on Sunday, only managed to change at 3.02. Today the money changer rate is 3.01.

Thanks.

i think it's a pretty good rate. well done!

of course, the bigger issue is about how to "use" it.

please share in the xyz thread.

i have some more sgd to "use".

BBB !

Will this strengthening only be permanent?

I guess the money changer will be sold out of "hot" currency notes by today.

Will this strengthening only be permanent?

I guess the money changer will be sold out of "hot" currency notes by today.

Buy in batches, bro. I know I am won't be able to buy at the lowest 

Bro, you have split personality ? In tabung haji thread, you said this :
   

Anyway, different person got different strategy. Do what you think is right 

Ok, bro....

P/s my "ok" is also in a general sense, not in absoluteness as in "ok".... 

Just joking bro 

No lah. Never have intention to pwnd anyone. Just that I feel setting a timeframe and quantum for any prediction/forecast will be more meaningful. Otherwise, there is no end to any discussion. We keep on tok kok only...

I learned this from the property bubble thread which never end despite dragging for 4-5 years. Its like a ghost movie which the ghost never appear. And the producer keep asking you to continue wait in the theater until the ghost appear   

As proven in unker dreamer's case, it is a better way to decide who is "the stupid one"

It won't. But if you are buying goods from the US, then it's a all new story. Eg, the item was usd10 at 4.4 and now say ringgit is at 4.1 and the item is still usd10, you will get it a cheaper price.

Personal experience shows that online stores from US seldom increase in price. They do once a while but like once a blue moon. So if you are buying straight from US, you will get back your purchasing power.

this will be the case.

even if rm move back to 4.0, the local purchasing power damage is done.

petrol price been coming down. do we hear biz people lowering prices?
at the base, there has been a stagnant income or income trap problem for years.

add gst, toll hikes, weak rm, etc., the pressure for price inflation has been high and will stay high.

biz people will seize any opportunity to make more profits; taxman will keep trying to get more tax.

low income groups and retirees will bear the brunt for a long time.

So far, the prices of goods which showed marked increases are imported stuff. Imported food like canned food, fruits etc have increased tremendously. Gadget like computer/Iphone also badly affected. But if RM is back to 3.30, I think the market forces will bring the prices back down, although it may take time

As for local stuff with local ingredient and content, I think the rise is not so much. For food like wan tan mee and nasi lemak, I can see the price rise when GST is implemented in April. But when RM depreciated to 4.40 from June, price of those local stuff still largely remained the same

Just my personal observation...