yes, that is due to saudi talking up the price with "we may discuss at next opec meeting".

but that oil support for rm is offset by a strong $ after some fed guy said last night rate hike "soon" is still realistic.

also, rather weak gdp nos....

Malaysia’s economy grows 4.0pct year-on-year in Q2

This post has been edited by AVFAN: Aug 12 2016, 02:29 PM

BNM governor Datuk Muhammad Ibrahim said the current volatility affecting the Malaysian ringgit, as well as regional currencies, will persist in the near-term, with the volatility seen as the new norm for the ringgit.

Muhammad said regional currencies are currently reflecting the strength of the greenback, which has performed strongly over the past few months.

http://www.theedgemarkets.com/my/article/b...?type=Corporate

Ringgit strengthening a bit after weak US data.

Hope my wish come true next week

Still holding on to 4.00 mark

Folks,
Some time back I read about the presence of a max limit on transfers in foreign currency (I can't remember if it's for inbound or outbound or both).

When doing a TT transfer of USDs from a foreign bank account to a USD bank account in Malaysia (CB), is there a maximum above which Bank Negara needs to be informed etc.?

According to CB website you need to comply to BNM's Foreign Exchange Administration rules:
https://www.citibank.com.my/english/deposit...al-transfer.htm

But from the link below from BNM, (see section 2.9 for Residents), it doesn't appear like there is a limit for TTs)
http://www.bnm.gov.my/microsites/fxadmin/n...1_Residents.pdf

Could someone knowledgable on this subject please assist ?
EDIT: My query is solely about limits imposed (if any) by BNM, not by commercial banks.

This post has been edited by langstrasse: Aug 13 2016, 12:39 AM

Last traded at 4.023x

I think they will ask you if money > rm50k. Just tell them for kids edu/investment/savings abroad.

Aiyo...
Your reason(s) is very shallow la

Bro, repatriate money back to malaysia there is no limit. If the amount is big, then your bank will ask you what is the source of fund (eg. export, salary, investment income etc) and they report back to BNM. As long as the money is from legit source, then no problem and no limit

If it is your company, and you export tens of millions RM per year, then you need to make periodical report to them

However, if it is the other way round where you send money out of the country, then there is some requirement to observe depending on the purpose

now my turn to say good luck to u !

tun, he ask about from foreign bank back to malaysia. not other way round.

Should be no limit as u bring back money..
If bnm or banks asked, just inform the source..
Why worry if legal money..

Crude oil still going up by >5% in 1 day !

Next month expect retail fuel Price to go up quite high

Hahaha...
U have a fast learning curve

closed @ 4.01950 MYR

let's see how next week performance

Learn from the master sifu trader.

For now, I am contended with the rate I got on Thursday.

Gud news for MYR