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 USD/MYR v4

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nexona88
post Dec 6 2016, 10:58 AM

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QUOTE(Hansel @ Dec 6 2016, 10:56 AM)
Well,... BNM is doing her best now for the USD. 

http://www.thestar.com.my/business/busines...egara-reserves/

But the effects will only be known later : "While the initiatives are a step in the right direction to boost the flagging ringgit, dealers said the impact would only be known in the next few weeks."

So,.. maybe RM will strengthen in two or three weeks' time. But then,... comes rate hike, maybe,... sad.gif
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Hmm another 2 or 3 weeks, suddenly got others issues pop up. Then how devil.gif

U know myr so weak.. Anything also can effect doh.gif
nexona88
post Dec 6 2016, 11:13 AM

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QUOTE(AVFAN @ Dec 6 2016, 11:06 AM)
aug 2016, we were discussing below.

very heated, plenty of skeptism, many hopefuls.

today, results overshot.

but ex rate is a dynamic thing, will keep finding the right spot with global financial gravity as the months and years go by.

and given actual ex rates now, my bet is on BNM to RAISE rates in the next few months.
do read up interest rate parity! tongue.gif
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My homework for today.
Interest rate parity blush.gif
nexona88
post Dec 6 2016, 11:26 AM

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QUOTE(Hansel @ Dec 6 2016, 11:17 AM)
I'm hoping they will raise interest rates asap, bro,.... :thumbsup:
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Better don't..
More shit will happen..
More interest payment for loans doh.gif
nexona88
post Dec 6 2016, 12:39 PM

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QUOTE(aspartame @ Dec 6 2016, 11:37 AM)
No la, money changers rate are better than the banks.
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yes. their rate is competitive rclxms.gif

and if u do "huge amount" transaction, got "special service" blush.gif devil.gif
nexona88
post Dec 6 2016, 04:24 PM

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MIER says ringgit fall temporary, fair value is 4.05 to 4.10 to the dollar
http://www.thesundaily.my/news/2085922

really happy if can reach 4.10 level back blush.gif
nexona88
post Dec 6 2016, 04:36 PM

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QUOTE(AVFAN @ Dec 6 2016, 04:33 PM)
i like this comment:

On the bid to become a high-income nation, Zakariah said Malaysia had to work 22% harder with the ringgit rate used in the earlier projection at 3.60 to the US dollar compared with the current rate of circa 4.40.

we better work "22% harder" from now on. biggrin.gif
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well better work 100% harder to be safe side blink.gif dry.gif

thanks to weak ringgit, everything is expensive now bangwall.gif ranting.gif
nexona88
post Dec 6 2016, 05:01 PM

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QUOTE(AVFAN @ Dec 6 2016, 04:41 PM)
can eat 22% less then. laugh.gif
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ranting.gif ranting.gif ranting.gif

but still. eat less good for health devil.gif thumbsup.gif rclxs0.gif
nexona88
post Dec 6 2016, 05:16 PM

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and our beloved PM says

Najib: Bank Negara taking right steps to strengthen ringgit
http://www.nst.com.my/news/2016/12/194948/...engthen-ringgit
nexona88
post Dec 6 2016, 06:31 PM

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BNM’s forex measures 'unusual' but 'legitimate', says economist
http://www.theedgemarkets.com/my/article/b...?type=Corporate
nexona88
post Dec 7 2016, 12:22 AM

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I got feeling that the international reserve will decrease blush.gif
How much is anyone guess to speculate..
nexona88
post Dec 7 2016, 11:32 AM

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QUOTE(prophetjul @ Dec 7 2016, 10:04 AM)
Maybe Aus will become the next Tiger in the Asean region!    smile.gif
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No wonder EPF invested in one of the fund focus on Australian commercial assets blush.gif
nexona88
post Dec 7 2016, 03:33 PM

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hmm both XE.com & BNM rate is the same @ 4.43 hmm.gif hmm.gif
nexona88
post Dec 7 2016, 03:53 PM

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decrease by US$1.9bil? shocking.gif

wow just wow.. the numbers is kinda huge wor..
nexona88
post Dec 7 2016, 04:00 PM

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still holding strong @ 4.43

BNM is really burning the reserve big time..

next upcoming BNM announcement USD 2 billion? devil.gif

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