Since myr divorced from sgd, myr has been on down trend; as long as current gomen is in power, myr will continue on down trend. During short term, myr is on random walk.

This post has been edited by icemanfx: Jan 23 2016, 11:38 AM

If oil, MYR everyday test new low, speculators won't able to make money.

Your TP both short and long term ?

closed @ 1.00 USD = 4.27150 MYR

what is the prediction by the end of March??

I'm trying to buy some foreign currency.

Just like the ones who said that property prices will keep going up and up and up.

This you need to ask the speculators from other countries. Like crude oil they are saying "can reach $30" on last year, it is late by 15 days but very fast touches $27. 1st this year also another joker saying it will reach $18 this year.

Don't forget those claimed and believed can reach $200.

This post has been edited by icemanfx: Jan 24 2016, 11:02 AM

Over the years, MYR to USD dropped from 2.5 to 4.2; to SGD from 1.0 to 3.0; to RMB from 3.0 to 1.5, how far down trend you want?

That's pre 2014, but never happened

If you look hard enough you can find any prediction you want.

lol $200 with current situation

You answer my question with a question

I just wanted to listen to what you see the RM will be in 1-3 months and 1-3 years after reading your opinion on "the trend". If you don't feel like making a prediction, just say "I don't predict with specific concrete quantum and timeline. Please leave me alone." It's perfectly alright with me.

Then I will treat you like unker dreamer who never made concrete prediction with quantum and timeline....until recently, which we found that he was wrong

Even unker dreamer has the guts and balls to make a concrete prediction with quantum and timeline. Although he was wrong, but at least he predicted like a man.

But we lost dreamer101. I wonder if he is busy or too embarrassed to be wrong ? What a pity if it is the latter

What is your prediction if you have guts and balls?

Reply my question with a question again

I have already said a few times here in this thread. Buy when it drops to ~4.20 for short term (1-3 months). For long term (1-3 years), convert your RM to forex whenever you have the money at the best window. The simple reason being I have no confidence in malaysian economy and the politics

See, I have just reiterated my prediction with quantum and timeline. I am not afraid to be wrong.

Being wrong is part of life. A successful person makes right decision because he is not afraid to be wrong. On the other hand, a failed person is afraid to be wrong and hence on many occasion makes the wrong decision.

So, what is your prediction ? Are you going to answer me with a question again ?

Just out of curiosity, I have 2 questions for you
1) where do you keep your converted money (banks, house)?
2) where do you convert your money (banks, money-changer)?

1. stock market / bond / overseas properties / bank structured products / cash for my business operation
2. Banks (usually through DCI where I can convert at spot rate)

You only read what you want.

Ok. I take it you don't dare to put a number and timeframe to what you said. Nothing wrong with that, bro

After 50+ years of mismanagement, even if the existing government is removed, it will take a very long time for us to recover.

Look at today, what else Malaysia has to earn forex other than O&G?

Our heavy industries vision is dead by now.

Our plantation (rubber, palm oil) are not competitive.

Our SME are all dead in favor of government policies. If you happened to see Malaysian company in overseas expo, you will see how pathetic we are.

Service industries can't compete with India / Singapore / HK.

Software industries (Cyberjaya) now is Cybargagal.

Banking industries can't compete with Singapore.

Tourism is not doing as well as Thailand / Singapore. People visit Malaysia just because they visit Thai / Sgp, or transit in KLIA2 because of cheaper flight.

Even our future hope (University grads) are all rubbish.

But how to keep foreign currency in Malaysia? I have 50K USD last month, but have to exchange 6K asap to get rid of all those old notes. The rest still kept in the bank with no interest.