Malaysia’s central bank said on Friday that reserves as of Jan 29 were at US$95.5bil, slightly higher than the US$95.1bil it reported as of Jan 15.

Bank Negara said reserves were sufficient to finance 8.4 months of retained imports & is 1.1 times the short-term external debt

This post has been edited by nexona88: Feb 5 2016, 10:22 PM

The world’s largest currency hoard decreased by $99.5 billion in January to $3.23 trillion, according to a People’s Bank of China statement released on Sunday. The contraction was less than a Bloomberg survey’s median estimate of a $120 billion drop.

http://www.bloomberg.com/news/articles/201...o-3-23-trillion

BNM reserves is insignificant if compare with China's.

sure BNM reserves is way smaller, because China is among the top in the world

Malaysia GDP is about USD 300B
China GDP is more than USD 10 trillion.

China GDP is more than 33x Malaysia GDP.

So 95 bil x 33, you get about 3 trillion also.

well said

USD-MYR 4.1357 -0.0355 -0.85%

Is this the closing rate today ?

BNM Foreign Exchange Rates
http://www.bnm.gov.my/?tpl=exchangerates

united states is an interesting case study here

US doesn't need foreign currency reserves, as worldwide trade is using USD predominantly, and they have trillions on their backyard...

why is ringgit strengthening while crude oil price is going down? lol

because the value of usd fell..

lets see if it goes back up after yellens comments

After Yellen spoke last night about weakness in global economy and oil issues that may affect US economy, it suggested further rate hike may not come as soon.
Bond yield also dropped to 1.7x%, that signaled that investors are betting rate hike is off for near future.

Currently there is some shift of USD strength lately due to more and more investors may feel further rate hike may not materialise.

Analysts have a few cards on the table. If RM depreciate, then it is because of oil price down. If RM appreciate instead, they bring out other cards

If still cannot explain, then bring out the "hidden hands" joker card

Analysts = Bullsh*tters

Stupid of her to talk about 4(?) rate hikes in 2016.

10 Feb 2016 15:50 UTC - 11 Feb 2016 15:56 UTC
USD/MYR close:4.13854 low:4.09749 high:4.15256

Briefly touched 4.09 b4 rebound

i bought some @ 4.13x.

global stocks, bonds, oil, gold, fx markets are now fully charged - ready to roar - either direction.

11 Feb 2016 04:20 UTC - 12 Feb 2016 04:24 UTC
USD/MYR close:4.17180 low:4.10262 high:4.17180

going up up away