Wow you guys must be big time traders to be considering the USD/MYR. A quick look at the TT FX rates on M2U, and found this :

Selling : 4.0865
Buying : 3.9585

The spread itself is  0.1280. I guess that's a lot better than the 0.1700 earlier this year.

u can get preferred  rates at some changers like them if u go often and do big amounts.

MV is pretty secure la. banks got limit to the rate they can give even if it is 6figure amounts. im sure many sifu here play 10k usd a day

Guys,... I'm sorry to say this, but if your amount is not big enough, there is really not much to make from currency trading,... especially when you need to exchange with a broker or a money-changer, hoping after that that the currency-pair will move in your favour, and then converting it back to pocket the profit. It's really not worth the risk and the time,... and not worth the wait too for the movement to take place too.

After you have converted into the foreign currency of your choice, you need to invest that foreign currency that you have just obtained in-hand and ake more of tat foreign currency amount, while not losing the principal.

Then as you make more of that foreign currency, you will have the luxury of converting it back to the Ringgit in future when you needed to use the Ringgit in Malaysia, or,............the Ringgit falls enough for you to do so profitably.

This is the ONLY way.

This is RM400/transaction we are talking about. Even a 2x transaction will beat ASX FP. ASX FP gives only say RM630/year. We know that USD/MYR will swing every now and then. How many times in a year have that happen over the past 1 year? Money changer rate won't go up so fast compare to online broker. Downside is the need to bring lump sum of cash with you. I will experiment when I am working to see if my idea is feasible. I am thinking unker dreamer have a point here. Holding USD cash.

Well if you look at it USD/MYR have swing quite a lot. Don't count the 3.8->4.x Count the number of swing of 4.x. If I have access to RM10k, I think easily profit >RM1k already. ASX FP is for emergency fund. Those funds will never be touched as I will make sure that the dividend gained is more than enough to support me for 1 whole year (enough to cover my monthly expenses)

If you want to outrun inflation, you will need something at least 8%. ASX FP cannot give 8%. They only give 6.x%/year = more or less the real inflation. So need risk to gain more. I have counted. Theoretically it is possible provide the money changer spread is 0.1 and not higher. That's why I said, need to experiment to know if it is feasible or not.

Wa, this Eastspring Investments Small-Cap Fund is a top performer in long-term categories.