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 USD/MYR v4

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NIckLJF
post Nov 21 2016, 11:33 AM

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Checked the exchange rate and it is showing money changers are buying USD at RM4.40.
NIckLJF
post Nov 26 2016, 11:23 AM

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Joined: Nov 2006
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Guys have a question. I am currently working overseas earning in USD. I convert USD back to MYR on a monthly basis to pay my bills and house back in MY (exchange from money changers in Malaysia). Here, I only spend salary on basic necessities while I have on going home loans, insurances and commitments back in Malaysia.

In your opinion, should I:
1) Convert USD to MYR and put in FD/savings in Malaysia considering the high exchange rate now or,
2) Save here in USD as the rates are higher (especially FD).

The next round where I will require substantial amount of MYR will be during CNY 2017.

Thanks in advance for your advise!

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