The USD exchange rate has been crazy recently, unfortunately my average cost to exchange USD is relatively high as I only entered in recent years. I only buy index fund but yikes it is still painful to look at. The market need to have outstanding performance to compensate the loss from foreign exchange, then it will only generate a meaningful return.
Anyone mind sharing your experience on the impact of foreign exchange rate on your portfolio?
although painful to look at diminishing returns. but for the long term still prefer stronger ringgit. looking at 3.8.
This post has been edited by ipohps3: Jan 25 2023, 11:25 PM
US recent CPI is down, but US interest rates are going up. It should be going down. The spike in interest rate was reported as what made Trump semi U turn.
And US interest rates going up, should normally make USD go up. But instead USD is dropping. Not vs MYR which is an emerging market currency. But other developed market currencies. Check.the DXY.
It could.mean foreign governments are selling US bonds, which push price down. Bond price down means interest rate up. They then sell the USD proceeds to other currencies. This will push USD down.
Thats my speculation. Is this the start of the end of US reserve currency status?
I hv also read that this is tell tale signs of a financial crisis.
so Trump just one stroke kills off confidence in the USD as he tries to solve the big deficit/debt problem.
Unless your stock picks are bad, I think by now most already recovered if not up more. Even my overall portfolio seeing gains, aside from the realized gains, and a stock that has yet to rally.
Jan 25 2023, 11:24 PM
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then ran out of money d.
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