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

But i make it 5 .5as its make sense

Thanks bro.....what's your timeline tentatively ?

5.0 possible around end of dec or earlier

5.5 aprl to may

6 end of dec 2017

thanks bro...good insight...i am also betting somewhere when US raise interest rates n DT inauguration

History proven for past 59 yrs

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

History proven for past 59 yrs

The ringgit tumbled for eight straight days through Friday before sinking as low as 4.4325 per dollar on Monday, the weakest since October 2015. One-month non-deliverable forwards, which fix a rate for exchanging the ringgit in the future but are settled in dollars, plunged 6 percent in the period and touched 4.5848 on Nov. 11, the widest discount to the spot rate on record.

The latest slump seems more urgent than the currency’s decline through to the middle of 2015. While that move helped slow economic growth and made consumers less likely to spend, only the past month’s drop spurred the central bank to expressly say it was intervening. The central bank has rarely disclosed any episodes of intervention.

Track Record
Malaysia’s track record means some investors are nervous about the possible introduction of capital controls, though the economy is less vulnerable now than it was in 1997, Brown Brothers Harriman wrote in a Nov. 16 report. It said any limits on hedging would risk “scaring away” global bond investors.

“Definitely no capital controls, there’s not even any discussion of moving in that direction,” Adnan told reporters in Kuala Lumpur. “What we are doing is really trying to have a targeted measure to contain the offshore NDF market. We have to contain the influence of the offshore prices on the onshore market.”

After the ringgit plunged to a record 4.885 per dollar in 1998, then-prime minister Mahathir Mohamad imposed restrictions including a peg at 3.8 per dollar and a ban on offshore trading in the currency, blaming U.S. billionaire George Soros and other “rogue speculators.” The peg was eventually scrapped in 2005.
http://www.bloomberg.com/news/articles/201...ringgit-sellers

5.0 possible around end of dec or earlier

5.5 aprl to may

6 end of dec 2017

History proven for past 59 yrs

History proven for past 59 yrs

Maybe some of you dont know pls have look below:-

AROMACHONG SCAMMER

Reach as high of 4.47 myr / USD today..
Its gonna hit 4.50 petty soon

Sold some of my portfolio at RM4.46 1 hour ago.

U plan to re enter again?
And what's your take on myr.. Would it ever reach 5.00 or not

Won't reenter as I have monthly incoming funds which is in USD. So I will sell off from time to time...

I target 4.8 but right now the volatility would be a bit slow.

Be careful, he will report you and get this thread closed by cherroy