Not so fast to conclude. Our national paper article explain differently....

http://www.thestar.com.my/business/busines...f-its-business/

Battered Malaysian ringgit keeps tumbling: 5 key questions
“We expect MYR depreciation pressures could intensify around BNM bills and MGS (Malaysian Government Securities) bond redemptions, for example, during February, March and June in the first half of 2017,” Mr Mackel wrote in a note dated Dec 1.
http://www.channelnewsasia.com/news/busine...ns/3333712.html

Foreign workers in Malaysia squeezed by ringgit slide
Currency woes erode wages and may lead to exodus, leaving employers short of labour
According to the MEF, there are 2.1 million legal foreign workers out of the country's workforce of roughly 15.4 million.
However, there are estimated to be another 2.2 million unregistered or illegal workers, which means the total number of foreign workers breaches the government's limit of 15 per cent of the entire workforce.
http://www.straitstimes.com/asia/foreign-w...y-ringgit-slide

THIS is very worrying...........Ringgit may become a pariah currency with the Western developed nations

Onshore and offshore ringgit markets returning to normalcy
http://www.thestar.com.my/business/busines...ng-to-normalcy/

good news for MYR?

I foresee it to reverse the gains made today next week due to the speculation of the Feds rate hike. It's safe to say that if the Non Farm Payroll and Unemployment rate that would be released today is positive, then the market should be pricing in for a rate hike on the 13th/14th December, right ?

I hope my holding back to buy USD now and waiting till early Jan is right move. 

will locals do these jobs?

can start batch by batch as I see already stabilized a bit 

To do that have to open foreign currency account. Also terminate FD, no dough. 

Now really looking at investing in some foreign currencies including foreign retail bonds. Planning now for early Jan actions. 

To do that have to open foreign currency account. Also terminate FD, no dough. 

Now really looking at investing in some foreign currencies including foreign retail bonds. Planning now for early Jan actions. 

I tot u have open FCA dy
Anyway, it's not too late to open 1

The bank will charge u if did not have minimum amount of foreign currency there. Quite heavy monthly charges. Have asked CB and UOB. How about local banks ?

Last time I just bought TT and send the USD over.

Why Jan?

To do that have to open foreign currency account. Also terminate FD, no dough. 

Now really looking at investing in some foreign currencies including foreign retail bonds. Planning now for early Jan actions. 

Malaysians are too choosy. 2 weeks ago I was in Australia and saw the locals doing like all the jobs there. Unlike Malaysia. Too much dependence on the foreign labour.

which foreign currency & retail bonds u eying?

Eyeing S$, A$. Still need to see RM's to gather more info. That include the Reverse REPO that CIMB RM told me about. @wil-i-am any update or PM me. 

Eyeing S$, A$. Still need to see RM's to gather more info. That include the Reverse REPO that CIMB RM told me about. @wil-i-am any update or PM me. 

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"....