Yeah,... I noticed the AUD has been strengthening vs the MYR too,... probably it's the MYR dropping badly against the AUD. When the MYR strengthens, we should see AUDMYR going back down again. Hopefully back to 3.0X,....

I suspect there will be a short spike n the strength of the MYR on Monday and Tuesday. The same thing happened last year after the Budget speech. I remembered I got to change quite a lot of the MYR into the SGD then,...

But don't know this time,....will it be the same,... the only thing we can do is to standby on MOnday,....

Bro,... their retail bonds do not yield that much compared to SG's,... for people like us who wished to earn the AUD, I would suggest buy their yield shares,...

Bro,... we just need to look back at the last 5 years of the AUD and the SGD compared against the MYR respectively,.. we can tell easily which currency, SGD or AUD has appreciated more against the MYR.

1) SGD vs MYR : http://finance.yahoo.com/chart/SGDMYR%3DX#...jp0cnVlfQ%3D%3D

2) AUD vs MYR : http://finance.yahoo.com/chart/AUDMYR%3DX#...jp0cnVlfQ%3D%3D

The graphs speak fro themselves,... but, well, let Aroma give her points too,....maybe we missed something, maybe SG does have some problems,...

Sorry,.. don't really like single bond issues, would rather buy bond funds to spread out the risks,...

YES,... we can see that easily from the graphs,...

Yeah,... so, the window to buy foreign currencies will be small,...perhaps only on MOnday, and Tuesday only before it drops back to 3.20,.... for the AUD.

Bro,.. yes, SGD is no doubt good,.. but diversify a bit into other currencies too,...

I recalled from experience in the last budget ann't last year, the MYR IMMEDIATELY strengthened on that Saturday following the ann't by the PM.

I kept looking at the rates yesterday and today,... looks like the MYR DID NOT behave in the same way this time, ie did not strengthen over the weekend,...

May strengthen tomorrow and Tuesday ??

Hmm,.. you have a point there, bro,... hopefully not true,.. but can't rule out also,...

Edited by adding : I think I may have a way to know earlier tomorrow,.... if, early tomorrow morning, the signs say the MYR will strengthen, then can start going to the bank already,...

This post has been edited by Hansel: Oct 23 2016, 01:26 PM

I like your sarcasm,... honey,...I'm going into the Aussie mkt too,....

It won't be if I know first at this moment,...

AUDMYR interbank rate now at 3.1781....

As I observed this morning,...

1) MYR is strengthening against the AUD, this is cross rate.

2) MYR started to strengthen against the USD from 4.1850 to 4.1776, FROM ONE HR AGO.

Bank Treasuries in Malaysia would be scrambling now to adjust their rates,... as we observed,....

Steady, steady,... Public Bank just released their rates :-

1) Bank Sell USD = 4.2490
2) Bank Sell AUD = 3.2480.

The bank is not giving much reductions compared to last Friday....

Perhaps,... but bro,... if the local banks are not 'discounting' for us, we can't buyat good rates locally too,....

If the counter rate is not low enough, their Treasury rate will not drop near to the interbank rate too,...

No bro,... the money-changers follow the banks too, if the banks don't drop their rates sufficiently, the money-changers will also stay put at their rate last Friday,... Money-changers are also mkt-driven,....

As we speak,...

1) USDMYR = 4.1823, 'jumped' back up momentarily,...

2) AUDMYR = 3.1764, more than 100 bps lower than last Friday close,....

Money-changers would be starting to release their quotes soon,.. Frankly, for this morning, my experience tells me they won't give anything different from what they gave last Friday..

I am open to correction,... please, any bro or sis observed differently, let me know..