Moving towards mid 4.06 after weak US Data.

Time to nibble?

wah that's unexpected..

was thinking 4.10

Probably , next data cycle is next week and now even a rate hike in December is in doubt.

Move to 4.05 region !

OPR to stayput ...........................

http://www.freemalaysiatoday.com/category/...-meeting-today/

November rate cut

Trading range is rather tight from 4.051x to 4.066x ahead of BNM OPR meeting

Likely to stay for this round but Nov cut ......................

If have extra funds, better lock-in today to avoid any surprises

You doing that ?

I have nothing, hahaha ! Already renew Affin one on Monday.

This post has been edited by bbgoat: Sep 7 2016, 12:12 PM

it's expected BNM will maintain OPR for today meeting.
most analysts see another cut in November.
only 3 research house expect BNM to slash rate today. MIDF, HSBC & Citibank

http://www.thestar.com.my/business/busines...-maintains-opr/

OPR maintained at 3%

This post has been edited by Sarah Jessica: Sep 7 2016, 04:34 PM

This isn't strictly USD/MYR but it's related.
There might be arbitrage opportunity for MYR - KRW - USD

USD - MYR is currently quite stable.
However, KRW - MYR is dropping very rapidly this week.
This is due to KRW getting stronger against USD, but USD - MYR is relatively unchanged.

I was able to leverage this and sell KRW for MYR for a little profit.
I never studied econs, so I am not sure whether this is good or not but I am getting much better exchange rate than directly buying KRW.

No bullet to place

MYR appreciated to 4.049x after BNM decided to hold OPR

Don't worry. It's peefectly alright. Some of our forumer here wanted to buy SGD. Instead of MYR > SGD, he went MYR > USD > SGD. Got more SGD as the amount was larger.

Time to shop. Been waiting for USD-MYR to drop.

Wat is your TP?

If I really need it, doesn't matter what price.
However, for this current purchase anything below 4.05 is a good buy. Anyway, doesn't matter what price I buy for this purchase as I already save ~RM30+ (free shipping + no GST + lower price than malaysian sellers) for the same items if I buy from Malaysia.
For next shopping tomorrow, hopefully can get the 20% discount. If can get, my discount become like 5%+ 10% (5+10% already confirm) + 20% + exchange rate (buying at 4.04 instead of 4.06-4.07) discount.

You will never get the lowest rate. So buy when the USD drops. I hold my shopping if USD is too high.

Better lock-in fast as the rate fluctuate very quick