bnm has unofficially peg myr at 4.45 la, money changer trade at 4.5x margin, so no more increase. show over, investors over too, cabut.

really? you take bus? 

Waiting patiently for 5.0

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

so, at least for now, is it not quite clear which direction it will go?!
and BNM now has a new strategy:

http://www.thestar.com.my/business/busines...gy-for-ringgit/

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

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

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

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.

how's the trend this week ? Are we seeing a constant 4.5 soon ?

already peg at 4.45 la.

was it my imagination, or was this thread locked for a while yesterday...

Could you elaborate on this?

"Hold on" means what exactly ? And why mid-dec?

............ Money coming from somewhere to defend the MYR,.. maybe from somebody's pocket,...

Will it turn out that no country in the world will exchange the RM for their currency ???

everybody with money has been doing that...including all the politicians....

i have hedged currency since 2001....

this is long term hedging NOT currency trading...ie hedging for future use....specifically for children's education...

at that time, there is no local FC accounts, but it is still relatively easy to open accounts overseas...i opened accounts in the usual suspect countries oz, nz when visiting, and have a uk account from the time i was working there....and manage them online remotely...

the cheapest way to transfer is by FC bank drafts....just change at the banks and then post them to the banks overseas to bank in...

if you look at currency charts, there were long periods when aud was below 2, and nzd 1.6....and pounds below 5....whenever i felt it's worth it, and have spare money, just convert, buy a draft and send it over....

in later years, i use dci to convert.....

as late as last 2 years, i had need for a substantial sum of aud, and dci most of it, at still good (compared to now) rates of below 3....

of course i over hedged, so after use for education, etc i still have deposits in these countries, which now becomes valuable...lol

in addition, i have bonds in usd, bought when the usd was about 3.0 to 3.2....

:thumbsup:

As for myself,.. I started around 2004, with Oz and Sgp. Yes, currency exchange was really favourable then,.. made a lot from the exchange rate if we are to convert back to RM today. Back then, the interest rates for Oz and NZ were really fantastic, I recalled,... can get up to 10%+ in NZ...

NO more today ! Today, if wishes to earn in the AUD, must go after dividend shares and REITs.

The SGD has lower interest rates, but the REIT mkt was building up then, and of course, not to mention,... the exchange rate has been strongly in our favour too today. My SGD investments in Sgp are still continuing today.

I have since expanded to North America too.

The foreign currencies outside are self-sustaining, ie they 'regenerate themselves' !

For myself, I don't really think too much abt the gains I will make if I am to exchange the funds back to the MYR. I have no interest to exchange the funds back to the MYR. What I needed to do is to be able to make enough in my investment overseas to beat the overseas inflation, and to buy houses and motor vehicles there, hence, to be able to live there.

No point changing back the money to MYR.