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
USD/MYR drop, v3
USD/MYR drop, v3
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Jan 7 2016, 02:59 PM
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Junior Member
381 posts Joined: Aug 2014 |
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 |
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Jan 7 2016, 03:01 PM
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All Stars
24,454 posts Joined: Nov 2010 |
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Jan 7 2016, 03:03 PM
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Senior Member
10,001 posts Joined: May 2013 |
Awaiting USD/MYR to break 4.46 mark which was last seen since end Sep 2015
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Jan 7 2016, 03:17 PM
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Senior Member
2,543 posts Joined: Jan 2003 |
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Jan 7 2016, 03:21 PM
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All Stars
24,454 posts Joined: Nov 2010 |
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? This post has been edited by AVFAN: Jan 7 2016, 03:31 PM |
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Jan 7 2016, 03:21 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality |
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Jan 7 2016, 03:23 PM
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Senior Member
2,543 posts Joined: Jan 2003 |
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Jan 7 2016, 03:38 PM
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All Stars
12,505 posts Joined: May 2007 From: Triumph in the Skies Status:In LoV3 Again |
dropping back to 4.38
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Jan 7 2016, 03:55 PM
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Junior Member
79 posts Joined: Sep 2009 |
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Jan 7 2016, 03:58 PM
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All Stars
24,454 posts Joined: Nov 2010 |
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Jan 7 2016, 04:53 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
Today it is a strange day for RM.
Oil plunges severely. Most currencies drop against USD. But RM rise against USD. |
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Jan 7 2016, 04:56 PM
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All Stars
48,447 posts Joined: Sep 2014 From: REality |
went back to 4.40
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Jan 7 2016, 05:03 PM
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All Stars
24,454 posts Joined: Nov 2010 |
5pm.
6 Jan 2016 09:00 UTC - 7 Jan 2016 09:00 UTC USD/MYR close:4.40081 low:4.37790 high:4.43676 |
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Jan 7 2016, 06:31 PM
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Senior Member
4,258 posts Joined: Nov 2012 |
QUOTE(AVFAN @ Jan 7 2016, 03:01 PM) 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 |
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Jan 7 2016, 06:34 PM
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Senior Member
4,258 posts Joined: Nov 2012 |
QUOTE(AVFAN @ Jan 7 2016, 03:21 PM) that is what is what most people who have the resources and the vision will do. Old bird like you understand the whole picture 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? 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 |
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Jan 7 2016, 06:37 PM
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Senior Member
4,258 posts Joined: Nov 2012 |
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Jan 7 2016, 06:38 PM
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All Stars
24,346 posts Joined: Feb 2011 |
QUOTE(Showtime747 @ Jan 7 2016, 12:59 PM) Good strategy for short term. 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?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 |
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Jan 7 2016, 06:39 PM
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Senior Member
4,258 posts Joined: Nov 2012 |
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Jan 7 2016, 06:40 PM
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Senior Member
9,354 posts Joined: Aug 2010 |
QUOTE(Showtime747 @ Jan 7 2016, 06:37 PM) You call it "strange". I call it "magic" 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.This happened before many times just last 2-3 months ago. It is "fundamentally defying" due to "hidden hands". |
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Jan 7 2016, 06:47 PM
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All Stars
24,346 posts Joined: Feb 2011 |
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