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 USD/MYR drop, v3

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kit2
post Dec 16 2015, 09:06 PM

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QUOTE(AVFAN @ Dec 16 2015, 03:13 AM)
budget 2016 used oil price at 48.
http://www.themalaysianinsider.com/malaysi...8-says-minister

analysts say petronas breakeven 45.
http://www.theantdaily.com/Main/Petronas-c...oil-price-slump

brent (tapis is equivalent) is now <39.

without the planned oil dividends, where is money going to come from if crude price stays at this level?

rm 4.315. how can it fly under current conditions?
*
pushing us closer to 10% gst.

kit2
post Dec 17 2015, 11:14 AM

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QUOTE(AVFAN @ Dec 17 2015, 10:51 AM)
our menteris will be fuming over this...
stable, 4.33.
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rakyat fuming, not menteris. menteris have too much money stashed abroad in usd smile.gif
kit2
post Dec 21 2015, 11:21 AM

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QUOTE(wil-i-am @ Dec 21 2015, 09:19 AM)
Rupiah Set to Reclaim Worst Asian Currency Mantle From Ringgit
http://www.bloomberg.com/news/articles/201...le-from-ringgit

Consolation prize for Bee End
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really?

6-7months ago 1myr = 3500idr.

now 1myr=3200idr.
kit2
post Dec 21 2015, 02:45 PM

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QUOTE(cherroy @ Dec 21 2015, 11:35 AM)
Read the word "set", means prediction/projection ahead made by analysts or investment banks.
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ah yes, these are all guesses for 2016 smile.gif

This post has been edited by kit2: Dec 21 2015, 02:49 PM
kit2
post Dec 23 2015, 07:36 AM

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QUOTE(AVFAN @ Dec 21 2015, 06:18 PM)
becos indon has a bad history of capital outflows in times of trouble.

msia is not that behind in its record of capital flight, legal and illegal.

forecasts being forecasts, i see rupiah and ringgit fighting tooth and nail in the coming months to be the worst in asia. as if there is a prize for that. tongue.gif

indon does not suffer as much in oil and gas exports revenue.

watch oil and gas prices and how putarjaya will deal with 2015 and 2016 budget deficits - that will be the key to the rm.

brent approaching 36.
*
imho, indonesia has a few good leaders left, but malaysia none smile.gif

This post has been edited by kit2: Dec 23 2015, 07:36 AM
kit2
post Dec 23 2015, 09:35 AM

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QUOTE(prophetjul @ Dec 23 2015, 09:11 AM)
However, they are probably fighting a losing corruption war in Indonesia. It is bad there!
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at least they are fighting. we in malaysia are not! rclxms.gif
kit2
post Dec 31 2015, 09:11 PM

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QUOTE(nexona88 @ Dec 31 2015, 12:59 PM)
Next would be the HSR project which China might win again with their unlimited funding power tongue.gif
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they already won, no?
kit2
post Dec 31 2015, 10:05 PM

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QUOTE(nexona88 @ Dec 31 2015, 09:38 PM)
not yet. Now in process.. But we all know who gonna win yawn.gif
*
done deal. we all know. the process is just wayang smile.gif
kit2
post Mar 12 2016, 12:49 PM

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QUOTE(wil-i-am @ Mar 12 2016, 12:42 PM)
Ringgit likely to extend upwards next week
http://www.nst.com.my/news/2016/03/132294/...wards-next-week
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yeah! welcome the new governor for bank negara!
kit2
post Mar 12 2016, 06:50 PM

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QUOTE(nexona88 @ Mar 12 2016, 12:57 PM)
wonder who the new governor? hmm.gif
*
they say a director from 1mdb smile.gif
kit2
post Mar 13 2016, 09:15 AM

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QUOTE(wil-i-am @ Mar 13 2016, 07:41 AM)
Hearsay is AWO
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2.6 bil was originally hearsay too ^^
kit2
post Mar 13 2016, 09:16 AM

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QUOTE(Kaka23 @ Mar 13 2016, 08:42 AM)
I hope he/she a real economist. Not those lousy politicians..
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jibgor's ally that's for real smile.gif)
kit2
post Mar 18 2016, 03:49 PM

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QUOTE(HarpArtist @ Mar 18 2016, 01:28 PM)
very poor data coming out of sg. am almost done converting all sgd out.
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what data? converting to myr?
kit2
post Mar 18 2016, 11:25 PM

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QUOTE(kelvinfixx @ Mar 18 2016, 09:19 PM)
USD 3.80, SGD 2.60, Crude 60 soon
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oil going up too much may not be a good thing.
this will re-kickstart the fracking industry in the US.
kit2
post Mar 22 2016, 11:49 PM

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3.98 now!
kit2
post Apr 4 2016, 01:38 PM

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QUOTE(MGM @ Apr 4 2016, 11:19 AM)
U mean the guy who swindle our money.
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u mean the pee m?
kit2
post Apr 5 2016, 01:23 PM

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3.92 now...going up fast and furious
kit2
post Apr 8 2016, 10:22 AM

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QUOTE(MR_alien @ Apr 8 2016, 10:15 AM)
upped to 3.94 now in a day
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roller coaster indeed!
kit2
post Apr 11 2016, 04:09 PM

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we have a saviour....
people, dont buy usd (too early)
3.20 is not impossible rclxms.gif

This post has been edited by kit2: Apr 11 2016, 04:09 PM
kit2
post Apr 13 2016, 06:27 AM

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QUOTE(wil-i-am @ Apr 12 2016, 01:41 PM)
Shld b trading within a tight range from 3.85 to 3.90 tis week unless surprises
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3.85 last night! thank you mr xi! smile.gif)

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