4.485/USD around 430pm today has surpassed previous high of 4.482 on singles' day
3.140/SGD just 4c off high of 3.176 on singles' day

http://www.thestar.com.my/business/busines...ite-opec-boost/
"......cashflow contraints, which arose from a lack of new jobs, particularly from assets financed with large debts....."
looks like still not out of the woods yet

From Monday, >=75% of NEW export proceeds are required to be converted into MYR when it is brought back
I presume those FC here currently held by exporters will be exempted from the rule
At the moment, exporters are required to bring back their proceeds into Malaysia WITHIN 3 MONTHS OF COMPLETING a transaction.
Hence I presume the structuring of completion is key in terms of timing

This post has been edited by kopifan: Dec 4 2016, 11:23 AM

Imaging if some exporters need > 25% FX to pay for FX-denominated costs, and the FX movements not in their favor during the USD-MYR and MYR-USD exchange