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 USD/MYR drop, v3

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Showtime747
post Jan 28 2016, 01:12 PM

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QUOTE(Hansel @ Jan 28 2016, 12:54 PM)
Bro,.. save your money,.. it will dive further,..extrapolate the Yahoo graph,...
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Bro, you have split personality ? In tabung haji thread, you said this :

QUOTE(Hansel @ Jan 28 2016, 12:22 PM)
Tq,.. wu ming and nexona,...time to convert more of our MYR out,... window is presenting its opportunity now,... as our top executive speaks. Need to do this before out he stops capital outflow.

Heard that China has stopped foreign companies from repatriating funds out of China.
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tongue.gif tongue.gif tongue.gif

Anyway, different person got different strategy. Do what you think is right thumbup.gif
Hansel
post Jan 28 2016, 01:15 PM

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QUOTE(Showtime747 @ Jan 28 2016, 01:12 PM)
Bro, you have split personality ? In tabung haji thread, you said this :
tongue.gif  tongue.gif  tongue.gif

Anyway, different person got different strategy. Do what you think is right  thumbup.gif
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Bro Showtime,... sorry, when I said now, I meant in a general sense, not in absoluteness as in converting at the moment that I said 'now'. Continuing to watch the bounces,... wait for the signal,...
Showtime747
post Jan 28 2016, 01:20 PM

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QUOTE(Hansel @ Jan 28 2016, 01:15 PM)
Bro Showtime,... sorry, when I said now, I meant in a general sense, not in absoluteness as in converting at the moment that I said 'now'. Continuing to watch the bounces,... wait for the signal,...
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Ok, bro....

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

Just joking bro thumbup.gif
nexona88
post Jan 28 2016, 01:28 PM

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Was expecting higher gst rate, but got tax rate cut for those salary 8k below monthly shocking.gif
Hansel
post Jan 28 2016, 01:29 PM

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QUOTE(Showtime747 @ Jan 28 2016, 01:20 PM)
Ok, bro....

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

Just joking bro  thumbup.gif
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biggrin.gif
MGM
post Jan 28 2016, 01:47 PM

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QUOTE(nexona88 @ Jan 28 2016, 01:28 PM)
Was expecting higher gst rate, but got tax rate cut for those salary 8k below monthly shocking.gif
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Are u referring to this:
Special income tax exemption amounting RM2,000 for individual taxpayer with income less than RM8,000 per month.

This is not tax rate cut, it is a special tax relief for special occasion.
nexona88
post Jan 28 2016, 03:18 PM

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QUOTE(MGM @ Jan 28 2016, 01:47 PM)
Are u referring to this:
Special income tax exemption amounting RM2,000 for individual taxpayer with income less than RM8,000 per month.

This is not tax rate cut, it is a special tax relief for special occasion.
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yeah. that one blush.gif
Showtime747
post Jan 28 2016, 03:54 PM

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27 Jan 2016 07:40 UTC - 28 Jan 2016 07:47 UTC
USD/MYR close:4.20167 low:4.20082 high:4.26605

27 Jan 2016 07:40 UTC - 28 Jan 2016 07:48 UTC
SGD/MYR close:2.94548 low:2.94448 high:2.98190

27 Jan 2016 07:45 UTC - 28 Jan 2016 07:48 UTC
AUD/MYR close:2.96917 low:2.96380 high:3.00619

27 Jan 2016 07:45 UTC - 28 Jan 2016 07:49 UTC
GBP/MYR close:5.99054 low:5.98991 high:6.09024


RM skyrocketed when oil price ~$30, RM2.6b case still being covered, Budget 2016 has to be revised ? drool.gif drool.gif drool.gif
Showtime747
post Jan 28 2016, 04:02 PM

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dreamer101

Shall I declare that the ASx guys are not "stupid" after all ?

RM not only did not depreciate to 4.70/4.80, it defied gravity and appreciated back to 4.20 today !
nexona88
post Jan 28 2016, 04:24 PM

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QUOTE(Showtime747 @ Jan 28 2016, 04:02 PM)
dreamer101

Shall I declare that the ASx guys are not "stupid" after all ?

RM not only did not depreciate to 4.70/4.80, it defied gravity and appreciated back to 4.20 today !
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He MIA since 20th December 2015 la blush.gif


Showtime747
post Jan 28 2016, 04:31 PM

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QUOTE(nexona88 @ Jan 28 2016, 04:24 PM)
He MIA since 20th December 2015 la  blush.gif
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I will delete my signature tomorrow as we have the clear verdict !

Unless he still want to extend the deadline to Feb or until TPPA is signed tongue.gif
tinkerbell135
post Jan 28 2016, 04:32 PM

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MYR recovering not sure how long wjll it last.
nexona88
post Jan 28 2016, 04:42 PM

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QUOTE(Showtime747 @ Jan 28 2016, 04:31 PM)
I will delete my signature tomorrow as we have the clear verdict !

Unless he still want to extend the deadline to Feb or until TPPA is signed  tongue.gif
*
most probably extend until TPPA is signed biggrin.gif tongue.gif laugh.gif blush.gif
ronho
post Jan 28 2016, 05:13 PM

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rclxms.gif rclxms.gif
Icehart
post Jan 28 2016, 08:46 PM

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This thread seems to be like a good gauge of the general market's sentiment on the currency. Seems like everyone is bearish towards Ringgit Malaysia?
langstrasse
post Jan 28 2016, 09:02 PM

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Any other key dates to watch in the coming weeks/months ?

USD/MYR seems to be about to drop under 4.20 anytime now.
TSwil-i-am
post Jan 28 2016, 10:35 PM

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27 Jan 2016 14:30 UTC - 28 Jan 2016 14:31 UTC
USD/MYR close:4.15692 low:4.15692 high:4.26605

Glad to c MYR appreciate so fast tis week icon_idea.gif
Next stop @ 4.10 hmm.gif
KTCY
post Jan 28 2016, 10:39 PM

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QUOTE(wil-i-am @ Jan 28 2016, 10:35 PM)
27 Jan 2016 14:30 UTC - 28 Jan 2016 14:31 UTC
USD/MYR close:4.15692 low:4.15692 high:4.26605

Glad to c MYR appreciate so fast tis week  icon_idea.gif
Next stop @ 4.10  hmm.gif
*
USD depreciate + Budget announcement + Crude oil + CNY around corner hmm.gif

This post has been edited by KTCY: Jan 28 2016, 10:50 PM
prody
post Jan 29 2016, 09:05 AM

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4.18 finally broken.

Next level to watch is 4.10.
prophetjul
post Jan 29 2016, 09:24 AM

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MYR's on very strong Tongkat Alee!!!


1.00 SGD = 2.91802 MYR

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