bnm has unofficially peg myr at 4.45 la, money changer trade at 4.5x margin, so no more increase. show over, investors over too, cabut.

Guys have a question. I am currently working overseas earning in USD. I convert USD back to MYR on a monthly basis to pay my bills and house back in MY (exchange from money changers in Malaysia). Here, I only spend salary on basic necessities while I have on going home loans, insurances and commitments back in Malaysia.

In your opinion, should I:
1) Convert USD to MYR and put in FD/savings in Malaysia considering the high exchange rate now or,
2) Save here in USD as the rates are higher (especially FD).

The next round where I will require substantial amount of MYR will be during CNY 2017.

Thanks in advance for your advise!

bnm has unofficially peg myr at 4.45 la, money changer trade at 4.5x margin, so no more increase. show over, investors over too, cabut.

Malaysia’s central bank has instructed onshore institutions not to take part in the NDF market or help others to do so. Foreign banks with operations in Malaysia seem to be deferring to the central bank’s wishes, notes Stephen Innes of Oanda, a foreign-exchange broker, to preserve their good name in Malaysia. “They are not aggressively selling the ringgit right now.”

But one reason the offshore market is so spiky is because trading is thin. That illiquidity may worsen if banks retreat. And if foreign investors cannot easily hedge their exposure to the ringgit, they will be less willing to buy ringgit assets. That might leave Malaysia with a weaker currency over the long term even if it is more stable from day to day. “No one from the banks is willing to discuss the ramifications,” Mr Innes says. “I find that quite unique.” Others may find it worrying. Silencing the markets is not the same as calming them.

http://www.economist.com/news/finance-and-...laysias-central

Silencing the markets is not the same as calming them.

sum up very well. umno so used to silencing, thats what they good at.

Silencing the markets is not the same as calming them.

sum up very well. umno so used to silencing, thats what they good at.

Silencing the markets is not the same as calming them.

sum up very well. umno so used to silencing, thats what they good at.

bro avfan,

ok for me to change sgd at now ? I wan to take opportunity on the low sg reits prices.

so, at least for now, is it not quite clear which direction it will go?!
and BNM now has a new strategy:

http://www.thestar.com.my/business/busines...gy-for-ringgit/

Ours bus fare also maintain for years right.. I think already like 10 years like that

That is not a good thing.

why? going up up and up like malaysia is a good thing?

Yes, better than prices stagnant or going down.

really? you take bus? 

sometimes..

just for fun..

also some friends do travel daily on Bus, so I kinda know the rate

Waiting patiently for 5.0

could be as soon as next week,

or by end of December if bnm keep interfering 

Yeap my crystall ball say 4.5 many ppl dont believe

Now i say 5 maybe ppl will laugh me from.behind haah

after you scammed so many people here you still have the cheek to post here finance section.

Also irony is real when you talk about people not believing in you when you have cheated them of their money.

Off topic post reported