Trading still goes on and many don't exactly follow BNM

BNM is just a reference price

Ringgit in spotlight as crude oil jumps 3%
http://www.theedgemarkets.com/my/article/r...ude-oil-jumps-3

Where shd I keep the usd before change to rm?

Shd I open a.foreign currency account (0.11% interest p.a.). Or just simply keep it "under pillow".

FCA dun accept physical currency
If u worry, u can keep in my hse

Which bank is it ? Any minimum amt ? I checked few foreign banks, all have minimum amt and monthly charges type of things.

U can keep with me as it's FOC

I want to buy first and keep. Are u selling ?

This post has been edited by bbgoat: Aug 9 2016, 09:46 AM

Yes but target @ 4.08

'That is what I meant yesterday that crude oil price could affect RM movement.

The volatility is High

With interest at 10% pa.

oh, so no bank in Malaysia accept physically dollars?
I can only keep it by myself ya? @@

If u dun mind, I can offer Maybank GIA rate

Very boring today coz hanging on to 4.03xx

guys.. gonna ask a stupid question..
You guys change the usd at money changer? Or there's better alternative??

AFAIK, nope.

Can change privately too

Looks like going to hang around 4.03, cannot go down much.

8 Aug 2016 23:10 UTC - 9 Aug 2016 11:19 UTC
USD/MYR close:4.02764 low:4.02353 high:4.03599

this will come if...

crude takes another leg down to <40.

it has risen from 39 to >43 in the last 2 days due to "opec will meet soon" news.

that held the rm good.

when the opec news becomes nothing like it usually does, and oil stocks balloon further, rm will decline.

i'll wait a month. i am still looking for 4.1x.



in the unlikely event opec does agree on something solid in sep, be quick to sell yr $!