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 USD/MYR drop, v3

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MGM
post Dec 3 2015, 08:36 AM

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QUOTE(nexona88 @ Dec 2 2015, 11:45 PM)
Morgan Stanley forecasts that USD/MYR will hit 5.0 in 2016  shocking.gif  ohmy.gif


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Looks like MYR is the worst. We will see if forecast is spot on in 4weeks time. Baht is stable.
MGM
post Dec 3 2015, 12:03 PM

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http://www.themalaysianinsider.com/malaysi...abilise-ringgit

I bet that China will get the HSR project too. Would that help too?
MGM
post Dec 3 2015, 06:53 PM

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QUOTE(nexona88 @ Dec 3 2015, 06:46 PM)
heard they ask for 50 years concession without any gomen funding / guarantee  hmm.gif
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I think China will 'sapu' all major projects including the GeMAS-JB double-track, Nuclear power plant. tongue.gif

This post has been edited by MGM: Dec 3 2015, 06:53 PM
MGM
post Dec 3 2015, 08:12 PM

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QUOTE(AVFAN @ Dec 3 2015, 06:53 PM)
redshirts approve or not? tongue.gif
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They will approve anything cos they only see moolah in the pocket, other factors are just excuse.

http://www.themalaysianinsider.com/malaysi...rns-in-malaysia

Invasion of the Reds.

This post has been edited by MGM: Dec 3 2015, 08:45 PM
MGM
post Dec 4 2015, 08:49 AM

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ringgit-to-halt-decline-in-2016-say-forex-experts

http://www.themalaysianinsider.com/malaysi...y-forex-experts

Lets say USD/MYR ding-dong around ~4.40 for the next couple of years, better to keep MYR in FD than USD?

This post has been edited by MGM: Dec 4 2015, 08:56 AM
MGM
post Dec 7 2015, 09:11 AM

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QUOTE(prophetjul @ Dec 7 2015, 08:57 AM)
1.00 USD = 4.21000 MYR
US Dollar ↔ Malaysian Ringgit
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Not dropping like a stone?
MGM
post Dec 16 2015, 08:58 AM

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Next year semua Barang Naik (including GST?) thanks to our 'good' gomen.
MGM
post Dec 31 2015, 08:19 AM

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QUOTE(Ramjade @ Dec 30 2015, 11:29 PM)
Wonder what will happen to USD/MYR if we throw in a likelyhood of a WW3 into the mix.

US vs China + Russia? We know that China is expanding into the SCS. Russia is moving forces into the baltic seas.

China + Russia are also moving forces into the Middle East (syria).

Will USD drops and MYR also drops if tensions are high?
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The Superpowers will only fight each other on other people soil, they seems to prefer ME.
MGM
post Dec 31 2015, 08:48 AM

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QUOTE(Ramjade @ Dec 31 2015, 08:23 AM)
But if a ww3 would break out, while world economy would be affected. That's why I wonder what will happen to usd/MYR rate.
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why worry, if ww3 comes, the earth will be gone, why need money, may be hell-bank-notes.
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.
MGM
post Jan 30 2016, 12:13 PM

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QUOTE(cylaipro @ Jan 28 2016, 09:42 PM)
some people comment about it

2% inflation lol
we are going back to deflation
You are not going to get inflation with strong USD and Cheap oil.
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Are u talking in reference to US or Malaysia?
MGM
post Jan 31 2016, 12:38 PM

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It is not that the MYR is stronger close to CNY, but becos of stronger demand the spread is much smaller at the money changer, ie margin is smaller but is compensated by big volume.

This post has been edited by MGM: Jan 31 2016, 12:39 PM
MGM
post Feb 4 2016, 11:57 AM

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USD-MYR 4.1475 -0.0710 -1.68%
MGM
post Mar 16 2016, 04:12 PM

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QUOTE(MR_alien @ Mar 16 2016, 10:19 AM)
UP on monday
Down by friday
typical bounce every week
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Wa, so predictable, you must have made a lot of money. rclxms.gif
MGM
post Mar 29 2016, 10:40 AM

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MYR below 4.0 again:

USD-MYR 3.9995 -0.0158 -0.39% 10:32 PM
MGM
post Mar 29 2016, 03:10 PM

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Easier said than done. Anyway it is good to learn the hard way when one is young, cos this type of experience will stay with you forever.
MGM
post Mar 30 2016, 08:33 AM

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QUOTE(Ramjade @ Mar 30 2016, 12:23 AM)
That will be among my to do list as well (FSM). Like I said if USD/MYR can swings 2x/month, and you get it, that's already about 8% returns per month. In one year, 96% returns.  But let's be realistic. 96% returns kind of scare me. I think I will settle for lesser. Realworld returns should be about 20-30%/p.a returns.
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Good luck. rclxms.gif
MGM
post Mar 30 2016, 08:36 AM

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QUOTE(dasecret @ Mar 29 2016, 11:52 PM)
My solution to getting 8% is much simpler
http://www.fundsupermart.com.my/main/fundi...formed=topFunds

10 year annualized 17%. Why bother with the kind of risk coming from FX which God knows which direction it will go next
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Wa, this Eastspring Investments Small-Cap Fund is a top performer in long-term categories.

This post has been edited by MGM: Mar 30 2016, 09:38 AM
MGM
post Mar 30 2016, 09:47 AM

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QUOTE(Nauts @ Mar 30 2016, 09:24 AM)
USD-MYR 3.9688  -0.0257
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And this happens when oil price coming down. YTD foreign funds were net buyers at KLSE. For those who bought at 4.20 - 4.50 are u all cutting lost or hold?
MGM
post Mar 30 2016, 10:47 AM

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QUOTE(dasecret @ Mar 30 2016, 10:32 AM)
Come join the fun!
https://forum.lowyat.net/topic/3892713
cool2.gif
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Yes I do visit that thread, but haven't dip in my fingers yet eventhough I have attended their seminars and open an account many years ago.
Miss the boat when crisis hit in 2008/9, money went to ASx & FD instead. On hindsight at 16% returns, funds would have double in 5 years, instead of 37% in ASx, what a diff. cry.gif
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