If u buy local stuff, price will stay

Ringgit woes may worsen in 2017, says report
http://www.msn.com/en-my/news/national/rin...ocid=spartanntp

Instead of Happy new year, it will b Sad new year

Not true. Your chicken, fish, veges all need food, fertiliser. I am sure those are priced in USD.

If the input raw material/stuff in USD is small %, I blif the increase is negligible

they cat food from us will increase in price soon. omg

I understand why the 1yr is rising now/a week ago but what's with the 1 year curve bent like that 1mo/1yr ago?
election? cheap auction on 1 yr?

i would think that is due to "expected" clinton win and bnm cutting int rate not happening anymore.

when a currency weakens, it produces what is called imported inflation...

how much imported inflation there is depends on how much of the production and supply chain is based on imports based on a foreign currency, usually usd...some things has minimal import component....eg pisang goreng in the kampungs....only the flour is imported....some are fully imported, eg cbu cars, luxury bags, cosmetics etc....

it is not easy to find things completely shielded from imported inflation....in any case, traders will still use that as excuse to increase prices even if it is a only a small component of their cost....

so it is inevitable that goods will increase in prices with the weakening myr...

Don't forget even Flowers price expected to increased
Ask the florist why.. She said the seeds are from Holland & charged in USD

So everything is up up thanks to weak myr

Perfect timing for trading

What's the worst case scenario for rm in 2017? 1usd to rm5?

Yup. Rm5 is real deal next year unless bnm interfering

Thanks bro..in that will continue hedging on overseas holding, I thought of repatriating some to enjoy the extras

I agreed as traders will capitalize on 'weaken USD currency' to up price
Having said tat, a smart consumer shld know how to differentiate between needs n wants during crisis in order to stay afloat

mmmm..interesting

Besides palm oil, kangkong and water, how much necessity is produced locally? How much imported stuff e.g feed, fertilizer, etc goes into local food production?

My crystal ball tells me 5.5 in 2017

Wow...somehow I also feel that maybe possible, but truly if dat happens...I think it will be worse than 88 n 97 back then...unknown waters liao

Is that the multiplier rate you will use to pay back your scam victims?

With our weak fundemental and positive climb for usd actually i predit 6

But i make it 5 .5as its make sense