Called UOB & OCBC RM. They offered rate better than their published rate. UOB comes very close to CB rate. Just very tiny difference with CB. So still CB better. And free TT, no TT fees for Citigold customer. 

Telegraphic transfer. Anyway TT charges not a big amount. Free TT for Citigold customer only, can send to anyone in other countries's bank acct.

Bro, repatriate money back to malaysia there is no limit. If the amount is big, then your bank will ask you what is the source of fund (eg. export, salary, investment income etc) and they report back to BNM. As long as the money is from legit source, then no problem and no limit

If it is your company, and you export tens of millions RM per year, then you need to make periodical report to them

However, if it is the other way round where you send money out of the country, then there is some requirement to observe depending on the purpose

The international reserves of Bank Negara Malaysia amounted to USD97.5 billion as at 30 August 2016. The reserves position is sufficient to finance 8.1 months of retained imports and is 1.2 times the short-term external debt.

the way it is going, 4.3 by year end, 4.5 by 2017 end is very possible.

assuming:

.. fed hike rate by dec 2016.
.. crude price stays in 40-45 range.
.. continuous gomen overspending/wastage, larger and larger budget deficit and debts.
.. 1mdb saga continues, xmdb emerges
http://www.bloomberg.com/news/articles/201...aga-hurt-demand
http://www.bloomberg.com/news/articles/201...alters-with-oil
actually, we should start thinking and prepare for a worse scenario - global markets spiral down as $300 trillion in zero or negative rates finally break; excess crude oil being burned or dumped into the oceans to reduce excessive stocks;

good luck to all!.

Malaysia GDP to slow to 4.2% this year, says World Bank

They said in Dec it will be 4.6%.

deutsche bank thinks so:

Deutsche Bank Sees Yuan Falling 17% as Outflows Accelerate
http://www.bloomberg.com/news/articles/201...utflows-quicken

So the question now, can MYR break 4.71 barrier this round just like Jan 1998

what do u think bnm can do that will make it better?
mgs yield.. ooo... touched 4.46% today.
http://www.bnm.gov.my/index.php?tpl=2014_govtsecuritiesyield

all time high is 5.0%, i think.

If Bnm audit found local bank extend facility to a company that short term liability is higher than assets would receive a dress down.

Guess this is what they say "what goes around, comes around'.

BNM cannot hold for very long time..

my bet is till mid dec only

As for myself,.. I started around 2004, with Oz and Sgp. Yes, currency exchange was really favourable then,.. made a lot from the exchange rate if we are to convert back to RM today. Back then, the interest rates for Oz and NZ were really fantastic, I recalled,... can get up to 10%+ in NZ...

NO more today ! Today, if wishes to earn in the AUD, must go after dividend shares and REITs.

The SGD has lower interest rates, but the REIT mkt was building up then, and of course, not to mention,... the exchange rate has been strongly in our favour too today. My SGD investments in Sgp are still continuing today.

I have since expanded to North America too.

The foreign currencies outside are self-sustaining, ie they 'regenerate themselves' !

For myself, I don't really think too much abt the gains I will make if I am to exchange the funds back to the MYR. I have no interest to exchange the funds back to the MYR. What I needed to do is to be able to make enough in my investment overseas to beat the overseas inflation, and to buy houses and motor vehicles there, hence, to be able to live there.

No point changing back the money to MYR.

This is a very good question, langtrasse,....

As an international private investor, on top of knowing the instruments well, the investor must also understand and be able to abide by the taxation rules of the country that he/she invests in. Otherwise, the investors may run into trouble with the tax authorities of that country, or at the other end of the line, pays more tax than is necessary, hence reducing his gains.

Yes, I do know about taxation rules, eg double taxation treaties, 183-days, etc,...

Self-sustaining means I do not need to convert my RMs into the currency of a country anymore in order to acquire the instruments there, for the income that I make from the instruments that I am holding there is sufficient to continue my investment cycles. Of curse, if I wish to port more of my money out, I can, provided the gov't does not stop money transfers.

Hoped the above is helpful.