QUOTE(nexona88 @ Nov 11 2016, 01:12 PM)
Seems like back to the the old level...
Short term shock maybe
Personally think this is a sign of things to come. Today is preview only.Short term shock maybe
USD/MYR v4
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 Nov 11 2016, 01:16 PM
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#1
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Senior Member
1,528 posts Joined: Jan 2003  
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Nov 11 2016, 01:28 PM
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#2
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QUOTE(nexona88 @ Nov 11 2016, 01:21 PM) Mind sharing more details My view is for USD/MYR to be in the 4.4-4.5 range in the coming few months.Reasons outlined by jack2 above. |
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Nov 12 2016, 06:56 PM
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#3
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QUOTE(xpmm @ Nov 12 2016, 11:28 AM) yes as long as umno in power, myr is hopeless, but holding sgd or usd etc.. the money is not working for us, yes true we can preserve the value of the currency but interest rate is sooo low there, exchange and keep under the bed is even worst. In hindsight, if you had bought SGD/USD and kept it under your bed, you'd have made more than your MYR FD once i thought of converting all my saving into sgd in Singapore and invest in fsm singapore, but the ut there is not doing well too. at least keep in myr fd is 3% +, buy local unit trust like kenanga growth fund etc.. have the potential to get 10% +. thats the dilemma.  |
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Nov 14 2016, 08:44 AM
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#4
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QUOTE(Ramjade @ Nov 13 2016, 11:27 PM) No it's not. If you have a USD in FCA, you can straight transfer without going through the exchange at bank. Also, I think it's good idea to change when the controls are in place as we will be getting more USD worth (compare the onshore USD/MYR with offshore USD/MYR). Of course if you are talking about changing USD > MYR then it's not worth it as you will be getting less MYR/USD changed. That's just my opinions. QUOTE(icemanfx @ Nov 13 2016, 11:36 PM) If capital control, one may need approval from bnm for transfer. I'm with icemanfx on this. If you have USD FCA with a local FI, it's easier for BNM to control what the FI can or cannot do. Whereas if you're holding physical currency, you have the option of traveling out of the country to exchange. |
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Nov 18 2016, 03:04 PM
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#5
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It's not all doom and gloom. USD up or USD down, one can always seek a profit from the markets
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Nov 25 2016, 02:03 PM
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#6
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QUOTE(AVFAN @ Nov 25 2016, 02:00 PM) Latest prediction, from national austrakia bank. Personally think all these guys at the bank predicting FX movements are full of it.NAB expected that the dollar would fetch as much as 4.85 ringgit at the end of 2017, Julian Wee, senior markets strategist for Asia at NAB and one of the writers of the note, said via email. http://www.cnbc.com/2016/11/24/malaysian-r...1mdb-risks.html 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!". |
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