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> USD/MYR v5

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TS wil-i-am
post Dec 7 2016, 04:24 PM, updated 3y ago

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Continue from
v1 : https://forum.lowyat.net/topic/3461956/+2500
v2 : https://forum.lowyat.net/topic/3704916/+2440
v3 : https://forum.lowyat.net/topic/3793092/+3300
v4 : https://forum.lowyat.net/topic/3995728/+3100

2014
31/12/2014 - 3.4965

2015
31/3/2015 - 3.7035
30/6/2015 - 3.7730
30/9/2015 - 4.3955
17/12/2015 - 4.3135 (US Fed Reserve increase int rate)
31/12/2015 - 4.2935

2016
29/1/2016 - 4.1550
29/2/2016 - 4.2050
31/3/2016 - 3.9020
29/4/2016 - 3.9035
31/5/2016 - 4.1290
30/6/2016 - 4.0225
13/7/2016 - 3.9865 (BNM reduce OPR by 25bps)
31/7/2016 - 4.0535
30/8/2016 - 4.0495
30/9/2016 - 4.1455
31/10/2016 - 4.2040
30/11/2016 - 4.4660
30/12/2016 -

*29/9/2015 - 4.4565 (Highest)
*29 & 30/11/2016 - 4.4660 (New High)

TS wil-i-am
post Dec 7 2016, 04:25 PM

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Reserved
nexona88
post Dec 7 2016, 04:32 PM

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MPC Meeting Schedule 2017

1st 19 Jan 2017 (Thursday)
2nd 02 Mar 2017 (Thursday)
3rd 12 May 2017 (Friday)
4th 13 Jul 2017 (Thursday)
5th 07 Sep 2017 (Thursday)
6th 09 Nov 2017 (Thursday)
Avangelice
post Dec 7 2016, 04:34 PM

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here's to a fruitful year ahead.
ILoveLalat.net
post Dec 7 2016, 05:05 PM

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Today it climbed down to 4.42. Very strong resistance at 4.50 it seems.
bbgoat
post Dec 7 2016, 05:51 PM

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Hope that I can say in Jan 2017 that my holding back to buy USD is correct. biggrin.gif
Parrot
post Dec 7 2016, 06:57 PM

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QUOTE(wil-i-am @ Dec 7 2016, 03:24 AM)
» Click to show Spoiler - click again to hide... «

*
I remembered when the RM reached as low as 3.15. It's nowhere near the pre-'97 financial crisis lows of 2.50, but it was still reasonable.
TOMEI-R
post Dec 7 2016, 07:31 PM

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QUOTE(ILoveLalat.net @ Dec 7 2016, 05:05 PM)
Today it climbed down to 4.42. Very strong resistance at 4.50 it seems.
*
Climb up you mean? tongue.gif

Most money changers were out of stock for USD today because of the slight recovery. Too many people waiting to change or money changers are keeping because they expect the currency to dip lower? whistling.gif
Avangelice
post Dec 7 2016, 07:53 PM

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QUOTE(TOMEI-R @ Dec 7 2016, 07:31 PM)
Climb up you mean?  tongue.gif

Most money changers were out of stock for USD today because of the slight recovery. Too many people waiting to change or money changers are keeping because they expect the currency to dip lower? whistling.gif
*
very curious of how those people actually make money out of constant conversion of hard cash through money exchangers.

Do they know by converting two times, part of their money goes into the money exchangers?
OPT
post Dec 7 2016, 07:57 PM

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QUOTE(Avangelice @ Dec 7 2016, 07:53 PM)
very curious of how those people actually make money out of constant conversion of hard cash through money exchangers.

Do they know by converting two times, part of their money goes into the money exchangers?
*
Win-win lo
limeuu
post Dec 7 2016, 08:01 PM

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There were periods of time in 2011 when it was below 3....
TOMEI-R
post Dec 7 2016, 08:02 PM

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QUOTE(Avangelice @ Dec 7 2016, 07:53 PM)
very curious of how those people actually make money out of constant conversion of hard cash through money exchangers.

Do they know by converting two times, part of their money goes into the money exchangers?
*
A lot of people going overseas for holidays, so maybe they need the cash. tongue.gif

You get what I mean...
Avangelice
post Dec 7 2016, 08:07 PM

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QUOTE(TOMEI-R @ Dec 7 2016, 08:02 PM)
A lot of people going overseas for holidays, so maybe they need the cash. tongue.gif

You get what I mean...
*
now that defeats the purpose of converting hard currency to take advantage of the fluctuation now wouldn't it.
TS wil-i-am
post Dec 7 2016, 08:07 PM

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Ringgit seen stabilising in 1Q2017 - Miti
http://www.theedgemarkets.com/my/article/r...ing-1q2017-miti
TOMEI-R
post Dec 7 2016, 08:08 PM

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QUOTE(Avangelice @ Dec 7 2016, 08:07 PM)
now that defeats the purpose of converting hard currency to take advantage of the fluctuation now wouldn't it.
*
Or rather the ever depreciating currency is creating panic among such people.
TOMEI-R
post Dec 7 2016, 08:10 PM

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QUOTE(wil-i-am @ Dec 7 2016, 08:07 PM)
Ringgit seen stabilising in 1Q2017 - Miti
http://www.theedgemarkets.com/my/article/r...ing-1q2017-miti
*
Though I would wish for it to be true, I don't particularly trust these bozos. sweat.gif Hope they would take more 'action' to stabilize the Ringgit rather than just mere talk.
Ramjade
post Dec 7 2016, 08:39 PM

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QUOTE(Avangelice @ Dec 7 2016, 07:53 PM)
very curious of how those people actually make money out of constant conversion of hard cash through money exchangers.

Do they know by converting two times, part of their money goes into the money exchangers?
*
If RM depreciate some more? They already earned automatically. Many hope that RM will depreciate some more (their thinking) so that they can benefit from more RM.
Hansel
post Dec 7 2016, 09:03 PM

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Good movements against the USD today, despite the reduced foreign reserves ann't.. Probably analysts expected the drop will be more, but instead, the drop was only 1.9Bil USD ONLY,...

So,... MYR strengthened,.. I recalled this afternoon, it weakened a bit back to 4.43,...then turned around again.

Added : https://au.finance.yahoo.com/q/bc?s=MYR%3DX&t=1d

This post has been edited by Hansel: Dec 7 2016, 09:04 PM
AVFAN
post Dec 7 2016, 09:05 PM

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QUOTE(Ramjade @ Dec 7 2016, 08:39 PM)
If RM depreciate some more? They already earned automatically. Many hope that RM will depreciate some more (their thinking) so that they can benefit from more RM.
*
Benefit is not the right word.

How to benefit when more rm is needed to buy the same thing?

It is about protection of wealth, not benefit.

Of course, no protection or hedging, u lose.


ILoveLalat.net
post Dec 7 2016, 10:32 PM

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QUOTE(TOMEI-R @ Dec 7 2016, 07:31 PM)
Climb up you mean?  tongue.gif

Most money changers were out of stock for USD today because of the slight recovery. Too many people waiting to change or money changers are keeping because they expect the currency to dip lower? whistling.gif
*
I play the opposite. So it's not good for me. tongue.gif Anyhow, have to average down, maybe take profits first.

QUOTE(Avangelice @ Dec 7 2016, 07:53 PM)
very curious of how those people actually make money out of constant conversion of hard cash through money exchangers.

Do they know by converting two times, part of their money goes into the money exchangers?
*
Actually, it can be the same for if one is playing forex as trading commission comes into play. I know you are referring to the spread the money changers charge but I prefer currency options myself. I do not have a forex account, nor forex options, so I have to live with this, what to do.

This post has been edited by ILoveLalat.net: Dec 7 2016, 10:38 PM

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