1/3 to 1/2 withdraw in a short period will be bad enough.

Maybe, after Fed hike, things will be more stable.

ooo... cnbc caught it!
http://www.cnbc.com/2016/11/23/malaysia-ce...it-support.html

I put fwd the hypothesis that BNM was was actually doing 'hostage-taking' and 'indirect pegging' instead of intervening. Somehow, the person who spoke to the press calls it intervening, whether he knows the true meaning of the word or not.

And they used the deputy to give statements to the press, so that the main man can override him later if necessary.

Let's hope BNM gives a clarification to our questions. If they don't, then it's even worse,...another ambiguity from this gov't,...

looking ugly...
$ strength is expected to continue well into 2017.
opec cut may be too little late too late for the RM.
higher petrol prices and much weaker purchasing power for the RM will hurt our pockets deeply next year.
if add GST incr, even harder.

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!".

i think this is what's going on:

xe.com is OFFSHORE rate, with NDF's which BNM is trying to "kill" - hence u still the erratic movements.
http://www.xe.com/currencycharts/?from=USD&to=MYR

bloomberg follows ONSHORE rates:
https://www.bloomberg.com/markets/currencies/asia-pacific

BNM rates are ONSHORE, middle rates as of noon and 5pm:
http://www.bnm.gov.my/?tpl=exchangerates
a good way is to look at the money changer rates whenever u pass by one.

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 ? 

1) Why is the spread so small ?
2) How can the Offshore be lower than the Onshore ?

Expect incoming 5.0 end of December.

Now loving my crystal ball from day to day

Thanks.. it will... hehe he. .. poor Malaysians. . No future and no hope for my whether in short or long run term

I'd suggest it has nothing to do with MOF ..problem.l is my having weak fundemental foundation

If u are building a house and having weak foundation and slabs it will collapse anytime prior warning

Yet they still make loss because insurance won't cover you and pay you in full hehe

So still not a profit business ,no?