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 USD/MYR drop, v3

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SUSthe99percent1
post Jan 7 2016, 02:59 PM

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Lol.. How to buy goods in rm?
Weimar republic here we come

This post has been edited by the99percent1: Jan 7 2016, 02:59 PM
AVFAN
post Jan 7 2016, 03:01 PM

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QUOTE(Showtime747 @ Jan 7 2016, 12:52 PM)
succession plan
*
this one... very fluid la... already thrown around for some time.

we will just see what we will see.
TSwil-i-am
post Jan 7 2016, 03:03 PM

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Awaiting USD/MYR to break 4.46 mark which was last seen since end Sep 2015
ikanbilis
post Jan 7 2016, 03:17 PM

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QUOTE(wil-i-am @ Jan 7 2016, 03:03 PM)
Awaiting USD/MYR to break 4.46 mark which was last seen since end Sep 2015
*
Awaiting 4.45 level for me to transfer my USD back to Malaysia blush.gif
AVFAN
post Jan 7 2016, 03:21 PM

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QUOTE(Showtime747 @ Jan 7 2016, 12:59 PM)
In long term, I am converting RM to USD/SGD/AUD/GBP regardless of the rates. With not so good prospect on the malaysian economy (and hence RM) over long term, averaging out over the years will still provide forex gains
*
that is what is what most people who have the resources and the vision will do.

a currency can only appr if good investments are made with sound policies years ago to bring increasing income, trade surplus, fdi, fx inflows in the future. it does not and cannot happen by doing nothing or the opposite or just becos some loud mouths/worm brains call for it.

it certainly won't appr by wasting funds, ignoring missing billions, borrowing more or selling prime national assets.

is it that hard to understand? tongue.gif

This post has been edited by AVFAN: Jan 7 2016, 03:31 PM
nexona88
post Jan 7 2016, 03:21 PM

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QUOTE(ikanbilis @ Jan 7 2016, 03:17 PM)
Awaiting 4.45 level for me to transfer my USD back to Malaysia blush.gif
*
please transfer "big" amount tis round icon_rolleyes.gif BolehLand needed your money blush.gif
ikanbilis
post Jan 7 2016, 03:23 PM

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QUOTE(nexona88 @ Jan 7 2016, 03:21 PM)
please transfer "big" amount tis round  icon_rolleyes.gif  BolehLand needed your money  blush.gif
*
I'm only ikan bilis, where got 'big' money like you? blush.gif

KTCY
post Jan 7 2016, 03:38 PM

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dropping back to 4.38 tongue.gif
star_bucks
post Jan 7 2016, 03:55 PM

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QUOTE(KTCY @ Jan 7 2016, 03:38 PM)
dropping back to 4.38 tongue.gif
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sigh, cannot stay in malaysia liao. Or should say cannot work in malaysia liao.
AVFAN
post Jan 7 2016, 03:58 PM

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QUOTE(KTCY @ Jan 7 2016, 03:38 PM)
dropping back to 4.38 tongue.gif
*
with crude at 32.20, i can almost assure u it will go back 4.4x by 5pm. tongue.gif
cherroy
post Jan 7 2016, 04:53 PM

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Today it is a strange day for RM.

Oil plunges severely.
Most currencies drop against USD.
But RM rise against USD.
nexona88
post Jan 7 2016, 04:56 PM

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went back to 4.40 yawn.gif
AVFAN
post Jan 7 2016, 05:03 PM

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5pm. laugh.gif


6 Jan 2016 09:00 UTC - 7 Jan 2016 09:00 UTC
USD/MYR close:4.40081 low:4.37790 high:4.43676

Showtime747
post Jan 7 2016, 06:31 PM

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QUOTE(AVFAN @ Jan 7 2016, 03:01 PM)
this one... very fluid la... already thrown around for some time.

we will just see what we will see.
*
The 1st part of the rumour came true.

Now is the second part. Like the first part when I post up here, most people don't believe "the company's" problem can be solved in such short time. But it did

So, now the second part is also very hard to believe. Not many believe he will relinquish his post now. But overall for his organisation, it would be better off with him vacating his seat
Showtime747
post Jan 7 2016, 06:34 PM

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QUOTE(AVFAN @ Jan 7 2016, 03:21 PM)
that is what is what most people who have the resources and the vision will do.

a currency can only appr if good investments are made with sound policies years ago to bring increasing income, trade surplus, fdi, fx inflows in the future. it does not and cannot happen by doing nothing or the opposite or just becos some loud mouths/worm brains call for it.

it certainly won't appr by wasting funds, ignoring missing billions, borrowing more or selling prime national assets.

is it that hard to understand? tongue.gif
*
Old bird like you understand the whole picture thumbup.gif

But you can see in this thread there are many people still asking whether it is a good idea to convert their RM to forex. They find it hard to understand the gloomy future they are facing doh.gif
Showtime747
post Jan 7 2016, 06:37 PM

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QUOTE(cherroy @ Jan 7 2016, 04:53 PM)
Today it is a strange day for RM.

Oil plunges severely.
Most currencies drop against USD.
But RM rise against USD.
*
You call it "strange". I call it "magic" tongue.gif

This happened before many times just last 2-3 months ago. It is "fundamentally defying" due to "hidden hands".
Ramjade
post Jan 7 2016, 06:38 PM

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QUOTE(Showtime747 @ Jan 7 2016, 12:59 PM)
Good strategy for short term.

In long term, I am converting RM to USD/SGD/AUD/GBP regardless of the rates. With not so good prospect on the malaysian economy (and hence RM) over long term, averaging out over the years will still provide forex gains
*
Hope you don't mind me asking, how are you going to convert your money to USD, GBP? Are you going.to fly there and open an account there?
Showtime747
post Jan 7 2016, 06:39 PM

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QUOTE(AVFAN @ Jan 7 2016, 05:03 PM)
5pm. laugh.gif
6 Jan 2016 09:00 UTC - 7 Jan 2016 09:00 UTC
USD/MYR close:4.40081 low:4.37790 high:4.43676
*
6.38pm laugh.gif

6 Jan 2016 10:30 UTC - 7 Jan 2016 10:35 UTC
USD/MYR close:4.39006 low:4.38230 high:4.43676
Hansel
post Jan 7 2016, 06:40 PM

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QUOTE(Showtime747 @ Jan 7 2016, 06:37 PM)
You call it "strange". I call it "magic"  tongue.gif

This happened before many times just last 2-3 months ago. It is "fundamentally defying" due to "hidden hands".
*
The Msian mkt is always like that,... always have hidden hands im play,... seldom following fundamentals. Anyway, I'm sure even 'hidden hands' will run out of bullets in the long run.
Ramjade
post Jan 7 2016, 06:47 PM

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QUOTE(Hansel @ Jan 7 2016, 06:40 PM)
The Msian mkt is always like that,... always have hidden hands im play,... seldom following fundamentals. Anyway, I'm sure even 'hidden hands' will run out of bullets in the long run.
*
Well bnm reserves are not used or else we will see a decline in reserves.

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