So,.. the RM should strengthen tomorrow, right ?

Right,.. OPR Ann't is tomorrow evening,...

So, RM shld strengthen on Thursday, right ??

Probably immediately after ann't, RM will spike up a bit,... then after that,...don't know,...

I hoped we are wrong ! Prb is I am of the same opinion.

Never mind,... after OPR announced at 3 pm,... MYR will revert to 4.4000 against USD

Tq Will,...

Maybe, after Fed hike, things will be more stable.

BRO, I CAUGHT IT FIRST ! NOT CNBC ! IT'S IN ONE OF THE THREADS IN THIS FORUM ![SIZE=7]

I put fwd the hypothesis that BNM was was actually doing 'hostage-taking' and 'indirect pegging' instead of intervening. Somehow, the person who spoke to the press calls it intervening, whether he knows the true meaning of the word or not.

And they used the deputy to give statements to the press, so that the main man can override him later if necessary.

Let's hope BNM gives a clarification to our questions. If they don't, then it's even worse,...another ambiguity from this gov't,...

Then the theory of ambiguity continues, and the lie-upon-lie predicament shows its ugly head again.

What abt this one below from Yahoo Finance ? It tells the movement too.

http://finance.yahoo.com/chart/MYR%3DX#eyJ...jp0cnVlfQ%3D%3D

Is this onshore or NDF rate ?

I saw in the Bloomberg Exchanger, USDMYR = 4.4583.

In the Yahoo Graph, USDMYR = 4.4533.

The spread is so small. And the Offshore rate is lower than the Onshore rate ?

1) Why is the spread so small ?
2) How can the Offshore be lower than the Onshore ?

I saw in the Bloomberg Exchanger, USDMYR = 4.4583.

In the Yahoo Graph, USDMYR = 4.4533.

The spread is so small. And the Offshore rate is lower than the Onshore rate ? rclxub.gif

1) Why is the spread so small ?
2) How can the Offshore be lower than the Onshore ?

............ Money coming from somewhere to defend the MYR,.. maybe from somebody's pocket,...

Will it turn out that no country in the world will exchange the RM for their currency ???

As for myself,.. I started around 2004, with Oz and Sgp. Yes, currency exchange was really favourable then,.. made a lot from the exchange rate if we are to convert back to RM today. Back then, the interest rates for Oz and NZ were really fantastic, I recalled,... can get up to 10%+ in NZ...

NO more today ! Today, if wishes to earn in the AUD, must go after dividend shares and REITs.

The SGD has lower interest rates, but the REIT mkt was building up then, and of course, not to mention,... the exchange rate has been strongly in our favour too today. My SGD investments in Sgp are still continuing today.

I have since expanded to North America too.

The foreign currencies outside are self-sustaining, ie they 'regenerate themselves' !

For myself, I don't really think too much abt the gains I will make if I am to exchange the funds back to the MYR. I have no interest to exchange the funds back to the MYR. What I needed to do is to be able to make enough in my investment overseas to beat the overseas inflation, and to buy houses and motor vehicles there, hence, to be able to live there.

No point changing back the money to MYR.

This is a very good question, langtrasse,....

As an international private investor, on top of knowing the instruments well, the investor must also understand and be able to abide by the taxation rules of the country that he/she invests in. Otherwise, the investors may run into trouble with the tax authorities of that country, or at the other end of the line, pays more tax than is necessary, hence reducing his gains.

Yes, I do know about taxation rules, eg double taxation treaties, 183-days, etc,...

Self-sustaining means I do not need to convert my RMs into the currency of a country anymore in order to acquire the instruments there, for the income that I make from the instruments that I am holding there is sufficient to continue my investment cycles. Of curse, if I wish to port more of my money out, I can, provided the gov't does not stop money transfers.

Hoped the above is helpful.

Well, bro,... I continue to do my best here to help forummers do the right thing and the more defensive thing,... not keeping everything to myself,...
Dong all these without hoping for anything in return,... we all don't know each other personally,....

I don't know what is the % I have overseas, I never counted,... and the figures are very dynamic, money comes in here, then goes out there, etc,... For myself, I am now hoping for the RM to strengthen, so that it will give me a chance to exit. I continue to earn the RM, and since I have no more instalments to pay in the country, I will convert whatever that I can into foreign currencies in order to plough them into investments, and buying hard properties.

I am not thinking of bringing back my foreign currencies, such funds are to be parked in the respective countries for me to use. What I have to chase in my investments is : To earn FASTER than the inflation rate of the country that I invest into.

By the way, just like limeuu, I have also 'parked' my family overseas, and my children, though young... are already studying in one of the foreign countries in which I have investments in.

I won't be making foreign currencies yet with 'those investments'. I'll have to continue making/earning foreign currencies using their instruments. I take this as an event in life, the ablity to continue life in a foreign country WITH the family ! Investment income supporting my family is, I believe, put to very good use here.

Okay, bro,....

Hi bro,... don't abt others,... but seeing the way they do thing in Msia, and after having experienced many years of being in a foreign culture, I gather that living in certain other countries have less cons compared to living in Msia today. All countries have cons, and all countries have pros.

We just need to choose which have more pros and less cons.

Those politicians can't live overseas,.. because they're nobody there. We'll step all over them if they try to be arrogant in a foreign land,... everybody must follow rules there lar, even in Singapore. If I am to follow the financial rules of investng and funds transfers, I would expect the other 'dato'' to follow too lar,.. if he doesn't and someone gets to know abt it,... then we need to urge the MAS to take the appropriate actions.