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 USD/MYR v4

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nexona88
post Nov 24 2016, 06:38 PM

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Yeah, curious also how bnm do it..
Real magic devil.gif
nexona88
post Nov 24 2016, 08:07 PM

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Incoming 4.50 soon devil.gif
nexona88
post Nov 24 2016, 11:59 PM

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Still waiting for bnm answer on how they managed to intervene without using reserves blush.gif
nexona88
post Nov 25 2016, 10:32 AM

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QUOTE(Hansel @ Nov 25 2016, 10:14 AM)
Then the theory of ambiguity continues, and the lie-upon-lie predicament shows its ugly head again.
*
And all the speculation continues doh.gif
But seriously, bnm should issue some clarifications..
Its bad now we all doing guessing game..
nexona88
post Nov 25 2016, 12:38 PM

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BNM reports higher Ringgit, US$ transactions
http://www.thestar.com.my/business/busines...;-transactions/
nexona88
post Nov 25 2016, 03:44 PM

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my guess, MYR could touch 5.00 by end of the year..

but first thing first.. 4.50 barrier needs to be broken
nexona88
post Nov 25 2016, 03:49 PM

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2 Sept 2011 - 2.96 MYR / USD

25 Nov 2016 - 4.45 MYR / USD

31 Dec 2016 - 5.00 / USD ???? devil.gif
nexona88
post Nov 25 2016, 04:28 PM

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QUOTE(Chinoz @ Nov 25 2016, 02:03 PM)
Personally think all these guys at the bank predicting FX movements are full of it.

They usually just issue notes echoing the general sentiment of the currency at date of issue.

If MYR trending upwards - "3.80 by end-2017!".
If MYR trending downwards - "4.80 by end-2017!".
*
well they follows the latest trend & movements..

don't expect them to stay.. it's normal biggrin.gif
nexona88
post Nov 25 2016, 04:34 PM

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Liquidity remains available despite curbing offshore ringgit NDF activities, says Malaysia's Financial Markets Committee
http://www.theedgemarkets.com/my/article/l...?type=Corporate
nexona88
post Nov 25 2016, 04:38 PM

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MYR is moving slowly from 4.1885 on 1/11 to 4.47751 now..

4.50 coming soon devil.gif
nexona88
post Nov 25 2016, 05:01 PM

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seems like MYR is weaker for major currency..

every day become weaker & weaker.. later become banana money doh.gif
nexona88
post Nov 25 2016, 06:08 PM

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Closing was 4.4700 as per BNM @ 25 Nov 2016 (Friday)
nexona88
post Nov 25 2016, 06:10 PM

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QUOTE(Shanglin @ Nov 25 2016, 06:09 PM)
what website you are viewing, mind to share tq
*
xe.com biggrin.gif
nexona88
post Nov 25 2016, 06:15 PM

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QUOTE(Shanglin @ Nov 25 2016, 06:14 PM)
xe.com sometimes not working wo, the quote can fluctuate few cents in a minute  bangwall.gif
*
then can use bloomberg one biggrin.gif
nexona88
post Nov 25 2016, 06:28 PM

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QUOTE(Shanglin @ Nov 25 2016, 06:27 PM)
Bloomberg chart today highest is 4.469, also not accurate  confused.gif
*
if u find perfect one.

inform me biggrin.gif
nexona88
post Nov 25 2016, 08:35 PM

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QUOTE(Hansel @ Nov 25 2016, 07:26 PM)
I saw in the Bloomberg Exchanger, USDMYR = 4.4583.

In the Yahoo Graph, USDMYR = 4.4533.

The spread is so small. And the Offshore rate is lower than the Onshore rate ?  rclxub.gif

1) Why is the spread so small ?
2) How can the Offshore be lower than the Onshore ?
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Was wondering that too hmm.gif

But hey it's just small difference only laugh.gif
nexona88
post Nov 25 2016, 08:54 PM

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There's also differences between money changer rate..
Some the buying & selling spread so huge while some small only blush.gif
nexona88
post Nov 25 2016, 09:02 PM

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Keep it simple..
Don't worry too much on the difference..
Unless u doing millions per day, then it's kinda not make huge difference..
nexona88
post Nov 27 2016, 12:40 AM

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QUOTE(kit2 @ Nov 26 2016, 06:38 PM)
the bus fare in taipei remains the same at nt$15 for at least the past 15 years.
*
Ours bus fare also maintain for years right.. I think already like 10 years like that hmm.gif
nexona88
post Nov 27 2016, 12:51 AM

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If the same situation goes on, we can expect 5.00 as soon as end of this month cry.gif

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