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 USD/MYR drop, v3

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mred02
post Jan 11 2016, 12:22 PM

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if ringgit follow yuan..is it good to buy usd ? xD
mred02
post Jan 11 2016, 02:18 PM

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QUOTE(AVFAN @ Jan 11 2016, 12:23 PM)
yes.

but what r u planning to do with the usd?
*
im sure can get small amount of profit if sell back..
mred02
post Jan 11 2016, 02:29 PM

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QUOTE(AVFAN @ Jan 11 2016, 02:25 PM)
we have been thru this many times...

if u mean small amounts to keep in wallet, drawer or under the pillow, it's fine but is not material.

for larger amounts:

.. buy/sell spread can be up to 2% depending on bank/broker/money changer.
.. keep rm in fd = 4.5%
.. use usd for inv = risk of cap loss (or gain)

so, usd/rm must give u >6.5% gain within 1 yr to be meaningful.
*
i cant expect for 6.5% changes in year.. haha. so u mean better put at fd is it? but fd must be keep for >1yr right?
mred02
post Jun 30 2016, 11:42 PM

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QUOTE(nexona88 @ Jun 30 2016, 11:39 PM)
29 Jun 2016 15:30 UTC - 30 Jun 2016 15:36 UTC
USD/MYR close: 3.98976 low: 3.97675 high: 4.04133

broken 4.00 MYR level..
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wow, RM getting stronger
mred02
post Jul 1 2016, 11:15 AM

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QUOTE(ninjawin @ Jul 1 2016, 10:36 AM)
Buy USD at 3.7> sell back at 4.1 >
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if u buy at 3.7 then fall lagi . how. haha
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