From my Yahoo! stocks app right now.

By the way, anyone knows how the rate USD/MYR still moves up and down even after 5pm in Malaysia?

I initially thought trading is only applicable during BNM's office hour?


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Since you are asking for general trend, the USD is heading lower due to various factors that is beyond our control (same argument when USD was rising against almost all major world currencies last year).

But if you are asking for a crystal ball, I don't have any.

From my Yahoo! app as of 7:20pm here. Oil price is really powering up. No discernible effect to USD/MYR rate just yet.


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At 11:21pm Msian time (off market rates, I think).

This post has been edited by my44: Apr 27 2016, 11:22 PM


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USD drops after their disappointing Q1 GDP figures came out


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Good evening


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Wow shopping ke?

Come here oso la. Your $ can get more €. Got Italian factory outlet oso here

3.50 would be awesome since EUR/MYR would be around 3.80 to pay for rent, food, etc.

Actually 3.80 is oredi great since EUR will go down probably to around 4.00 (less amount of RM for me to withdraw for daily expenses.

My current EUR funds were converted at RM4.42 but this money almost finish (arghh!). Closely watching the rates now ... *praying mode*

Haha yes. Been waiting since early this year. Supposedly EUR has been weak for the past 1-2 years due to QE but since MYR is mostly traded against USD (strong currency currently) then there's no significant drop for € to MYR.

Latest from Yahoo! Finance app


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Just withdrawn some EUR at 4.64 to pay rent, etc, here in Italy (Maybank card). My wish is USD to go down further which will bring down EUR as well (in term of cross-reference rate between EUR/USD & USD/MYR).

Current numbers this evening


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I'm also watching EURMYR closely since I live in Europe until 2017.

At first I was also wondering how the rate EURMYR is derived. But now I understand a bit more. MYR is not traded directly against EUR but rather MYR to USD to EUR.

In this recent Brexit event, MYR to USD dropped about 4% but USD vs EUR increased by almost the same %.

In the end, not much up/down effectively for EURMYR rates. So now only withdraw my Malaysian savings when I need to (because the rate isn't that good). The missed opportunity was in May last year when EUR dropped near to RM3.80 during Greece uncertainties.

tl;dr You need USDMYR and EURUSD to drop before you can get cheaper EURO

You vacationing somewhere in Europe?

Cool. I'm finishing up my MSc in Italy too. PM me if you need tips about documentations, visa, residence permit, etc. Or you've probably have figured it all out.

/off-topic/

When I landed last year, I was able to convert € at RM4.42 but all those money is gone now haha! Hope there'll be another window for lower EUR rate for us later.

Not sure which one is correct anymore. My XE app has this wild fluctuation whilst Yahoo! Finance app is not showing any meaningful graph at all.


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