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 USD/MYR drop, v3

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MGM
post Apr 6 2016, 02:02 PM

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LOL, so many prediction, so many experts.
MGM
post Apr 7 2016, 12:12 PM

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At less than 10sen from the rm3.80, will it be easy to return to this level?
I remember many were laughing at the notion of MYR returning to this level, what more at the current price of crudeoil of <USD40.

This post has been edited by MGM: Apr 7 2016, 12:13 PM
MGM
post Apr 13 2016, 03:29 PM

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QUOTE(nexona88 @ Apr 13 2016, 12:14 PM)
12 Apr 2016 04:10 UTC - 13 Apr 2016 04:11 UTC
USD/MYR close: 3.86245 low: 3.84443 high: 3.89386

wonder if can reach 3.80 by Friday? hmm.gif
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This is fast, just few months ago, one will laugh at if u mentioned this rate. Wonder who is going to have the last laugh.
MGM
post Apr 13 2016, 04:01 PM

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QUOTE(nexona88 @ Apr 13 2016, 03:52 PM)
well most of us expect to reach 5 level.. or at least 4.80.. but looks like it never did.

now it went below 4 & going lower  dry.gif

some mention because of oil price going higher.. but previously even when oil is at current price. myr still weak.

another say because if China buying our MGS. 

donno which one is the factor  rclxub.gif
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That's why never say never. There are so many things that can affect MYR movement. Anything that goes up can come down, and also goes up again. One thing I learn from Hansel, diversification.
MGM
post Apr 20 2016, 04:28 PM

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QUOTE(wil-i-am @ Apr 19 2016, 10:49 PM)
U r so generous
Having said tat, just monitor closely as volatility is extremely high
At point of writing, MYR @ 3.8349/3.8440
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Where do u get these rates? I always refer to http://www.bloomberg.com/quote/USDMYR:CUR for reference n for the month of April lowest was 3.85.
MGM
post Apr 20 2016, 08:25 PM

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QUOTE(wil-i-am @ Apr 20 2016, 07:20 PM)
They r plenty of real time website out there n each of them have slightly different rates
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I am currently buying goods in USD (~rm200k/month) with a 60 days term. Currently would pay when the rate is "right"(guessing). With this volatility it is rather hard to make money. Cos when USD is high hard to raise selling price but when USD is low customers insist reduce pricing. Was thinking of changing to USD when the rate is "right' and use this USD to pay supplier overseas. Any suggestion? TQIA.
MGM
post Apr 25 2016, 08:14 PM

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QUOTE(prophetjul @ Apr 25 2016, 11:27 AM)
At the rate that 1MDB is going we may see USD:MYR at 4.5 sooner than later!
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But with the drama btw 1MDB and IPIC washing dirty linens in public, MYR still doesn't move much?
MGM
post May 12 2016, 11:20 AM

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QUOTE(wil-i-am @ May 12 2016, 10:52 AM)
Ringgit to improve, currency undervalued, stocks cheap
http://www.thestar.com.my/business/busines...git-to-improve/
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Wow, MYR undervalued by 24%, so fair value is USD/MYR is ~3.00.
MGM
post May 20 2016, 09:20 AM

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QUOTE(aromachong @ May 20 2016, 09:14 AM)
wei.. u re old timer here and most forumers mention u re UHNWI too  drool.gif

anyway 'greed is good'.... but i choose to stop this game ... tho it's tempting ...
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U really put in rm 12million into this money game?
MGM
post May 20 2016, 09:30 AM

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QUOTE(aromachong @ May 20 2016, 09:22 AM)
yes humans always attract to greed thats why losing $$$ .. that is why casino making much $$$

last time manage to make millions with just 6 casinos (with partner in business)... 3 yrs in business till police crack down last yr then we change to fish casino lol...

last time the computer is making money especially online games like thunderbolt , live online games.. can see the big boss actually put 2-3k per bet with no limit set as long as u hv $$$

also i saw some big boss won from range 10k to 100k to 300k(max i witness) .... tomorrow come back confirm lose all.. well u know greed... ?

human always learn and repent from mistakes.. if u dont .... prepare to lose everything.. haha..

betting and investing are the same thing

when u invest be prepare for the worst which is to lose... if can't afford to lose.. don't invest haha...

no hard feeling  flex.gif
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Now I see why u are migrating.
MGM
post May 26 2016, 09:16 PM

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QUOTE(AVFAN @ May 26 2016, 07:58 PM)
crude passed usd50 just now, rm strengthens.

where will crude go from here is the trillion $ question...
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http://www.freemalaysiatoday.com/category/...-by-q2-in-2017/
MGM
post Jun 17 2016, 09:37 AM

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QUOTE(KTCY @ Jun 16 2016, 01:50 PM)
July 18 is Saturday wor hmm.gif
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Jun-18 is Sat, July-18 is Monday.
MGM
post Jun 24 2016, 01:43 PM

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QUOTE(AVFAN @ Jun 24 2016, 01:17 PM)
well, brexit it is.

rm last almost 3% to usd.

rm lost almost 8% to yen - better go buy your japanese car or tv today. biggrin.gif

good news for parents buying pound sterling for their kids in the UK.
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http://www.xe.com/currencyconverter/conver...From=GBP&To=MYR

The above link is so hot it can't even load.
MGM
post Jul 3 2016, 12:09 AM

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QUOTE(bbgoat @ Jul 2 2016, 10:43 PM)
It is Astro channel 301. The headline just flash for few seconds on the Chinese newspaper.

Anyway, take it with a pinch of salt. Lets see first.  biggrin.gif
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Referring to this?
http://www.enanyang.my/news/20160702/【...令吉看涨/
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