everybody with money has been doing that...including all the politicians....

i have hedged currency since 2001....

this is long term hedging NOT currency trading...ie hedging for future use....specifically for children's education...

at that time, there is no local FC accounts, but it is still relatively easy to open accounts overseas...i opened accounts in the usual suspect countries oz, nz when visiting, and have a uk account from the time i was working there....and manage them online remotely...

the cheapest way to transfer is by FC bank drafts....just change at the banks and then post them to the banks overseas to bank in...

if you look at currency charts, there were long periods when aud was below 2, and nzd 1.6....and pounds below 5....whenever i felt it's worth it, and have spare money, just convert, buy a draft and send it over....

in later years, i use dci to convert.....

as late as last 2 years, i had need for a substantial sum of aud, and dci most of it, at still good (compared to now) rates of below 3....

of course i over hedged, so after use for education, etc i still have deposits in these countries, which now becomes valuable...lol

in addition, i have bonds in usd, bought when the usd was about 3.0 to 3.2....

yes, i will also not be converting them back, so the gains are paper gains....but it's nice to know you are spending "cheaper" money when holidaying there....

the yields in oz and nz was good, but spore is a low yield environment, so did not open an account there till 09 via maybank msia...the bulk of the sgd was at 2.4, during a dip just after the 2013 ge13.....cheap holiday money again....lol

About half...

The 'foreign investment' far exceed half, if you include investment in foreign education for children....

these "investments" have been spent...and the "investments" are yielding in foreign currency as well...

Msia is not in opec....

the italy refenendum has nothing to do with leaving the eu per se....it is a refenendum on political reforms...

the problem is that the italian pm promised to quit if the political reform referendum fails....which may trigger fresh elections next year, which then runs the possibility of the five star movement coming to power....and they have promised to initiate a referendum for possible itaxit....

the nett effect is uncertainty in eurozone (and britain as well)....how that will affect the myr....don't know....

locals do all kinds of jobs, and get paid well for it....and generally, efficiency and productivity is high...

if you pay australian rates, locals will also do "all kinds of jobs"....

Conditions in Turkey is very similar to msia.... except no Chinese minority and DAP to blame....lol

how can you look at a snapshot of initial trading and extrapolate it to trend?....

Why are you converting back?....you got good investment in myr?....