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 USD/MYR v5

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Hansel
post Mar 29 2017, 10:47 AM

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QUOTE(Showtime747 @ Mar 29 2017, 09:01 AM)
Bro, how's your S$100 transfer back to RM using MBB ?
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Morning bro,... sorry, have not done it yet,... been busy,...
Hansel
post Mar 29 2017, 12:56 PM

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Hmm,... no good news, no good sentiment everyday,...
Hansel
post Mar 29 2017, 05:26 PM

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QUOTE(TOMEI-R @ Mar 29 2017, 02:41 PM)
The said "Good News" are considered as standard government propoganda. Nobody believes in what those 'goons' are mentioning. They can go on yapping about how good we are doing, how well the economy is but the problem is people are not buying their shit. Talk about having zero credibility. Action must speak louder than words.
You dont expect foreign investors to bring in their money after hearing so much about here. People are just staying away. Period.
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Yeah,....
Hansel
post Mar 29 2017, 10:52 PM

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QUOTE(AVFAN @ Mar 29 2017, 07:42 PM)
u u keep waiting... why?!!!
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QUOTE(Ramjade @ Mar 29 2017, 07:52 PM)
Because I want to change at 3.145.
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QUOTE(wu ming @ Mar 29 2017, 08:15 PM)
Better go change before it is too late. Long queues at changers today.
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smile.gif Told you many times, bro,... don't wait and wait,...
Hansel
post Mar 30 2017, 02:40 PM

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I'm so happy reading all the above,... I've done the right thing in the last few years,... rclxm9.gif rclxm9.gif rclxm9.gif

If all of our experienced forummers can say the above, chances are high what they said are the right things to do !
Hansel
post Mar 30 2017, 02:54 PM

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QUOTE(Showtime747 @ Mar 30 2017, 09:13 AM)
I know you are influenced by your parents's investment philosophy. You are brought up by them being a frugal person trying to save whenever you can. But investment is not about cost. It is about risk and return.

Let's talk numbers. Numbers don't lie.

1 year ago on 29/3, S$1=2.9192. Yesterday 29/3, S$1=3.1681. That is 8.53% increase

I am sure you know you can buy Sreit with 8.53% yield.

Let's say S$ really drop back to 2.9192 1 year later. But if you have bought a Sreit with 8.53% yield now, You are still breaking even.

Now....tell me which is more certain ?

1. Sreit pays you 8.53%
2. RM appreciates to 2.9192

Discuss the numbers with your parents...
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Wahhhh,... great thought pattern, bro,....... thumbsup.gif thumbsup.gif thumbsup.gif thumbsup.gif
Hansel
post Apr 4 2017, 12:12 PM

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QUOTE(Showtime747 @ Apr 4 2017, 11:14 AM)
RM depreciation is caused by political issues.

If it is pure economic issue, RM wouldn't have reached such a state. If without the political issues, I don't think we should worry about RM. RM will be a very strong currency with our vast resources. Even stronger than SGD

So without referring to political issue, this thread is irrelevant. It is like opening a thread on marriage without referring to sex life  biggrin.gif

I guess it is the mindset of most Malaysian who is afraid to stir a hornet's nest, which encourage the current political culture to foster
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Sadly, this is true,..alternatively open a new thread called 'forex + politics' if die, die, wishes to be so stringent,...
Hansel
post Apr 4 2017, 12:18 PM

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QUOTE(Showtime747 @ Apr 4 2017, 08:16 AM)

Malaysia cannot escape too. 3 out of 5 BRICS countries are worse.
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QUOTE(Showtime747 @ Apr 4 2017, 09:57 AM)

For the 3 countries which their currencies depreciate more than RM, I bet they would rather have RM as their currency. And we are angry with our government for mismanaging, guess how we will feel if Jacob Zuma is our prime minister  biggrin.gif
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Bro,... when you posted the above, you have just opened the door for our leaders to compare with those worse countries and THEN CLAIM MALAYSIA IS STILL THE BEST !

Then these leaders will say we are doing very well already, so, don't worry. sad.gif

They are going to compare with the worst forever,....
Hansel
post Apr 5 2017, 03:26 PM

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QUOTE(TOMEI-R @ Apr 5 2017, 11:46 AM)
Btw, AUD just went down to 3.39 this morning. Pretty good buy for those intending to.
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Yes,...getting ready t convert again,.... thumbsup.gif
Hansel
post Apr 5 2017, 03:30 PM

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QUOTE(AVFAN @ Apr 5 2017, 10:07 AM)
it's been a few months now since bnm crawlpegged at 4.45 to the $.

the $ is not always as mighty as it can be.

so, as the $ softens and the peg stays, the rm will lose against others.

it appears to me bnm/gomen is quite happy with a weak rm, may even want to see it even weaker.

there isn't any earthshaking thing shaping up to strengthen the rm at all.

so, the rm stays weak all round.

over time, the full effects will be felt and entrenched with all goods and services, local or imported as the biz community start raising prices to the full to keep margins and profits intact.

imo, our standard of living has been permanently downgraded.
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QUOTE(TOMEI-R @ Apr 5 2017, 11:05 AM)
Man are you serious?  shakehead.gif

The Biz community cant simply start raising prices. Consumers wont be able to afford and this will affect sales.
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Yeah,.. I'm having this thoughts too,... I think the govt is intentional in 'making the RM weak', perhaps to encourage more investors and parties to come into Msia. There is no plan for them to strengthen the RM. Those elites who have lots of foreign currencies would have escaped this 'trap'.

If just starting to convert out now,... it'll be very painful.
Hansel
post Apr 5 2017, 03:54 PM

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QUOTE(AVFAN @ Apr 5 2017, 03:43 PM)
U remember there was a time, flippers were screaming even foreigners are buying.

Those foreign buyers now hit with a triple combo...

... hard to sell; no profit or loss; fx loss.
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Yeah,... for me,... I'd focus on forex loss. Many people want to buy properties in lower currency countries, thinking they're cheap, because after they converted their stronger currency over, they get more money to buy those props. They never thought of the consequence of the lousy currency strength,...

I know it's hard to invest into a stronger currency country as in SG or AU, but the currency strength and value will always be maintained. Good things are not cheap !
Hansel
post Apr 6 2017, 11:57 AM

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SGD has nothing but higher and higher and higher,.. always wanting to go higher,...
Hansel
post Apr 6 2017, 11:25 PM

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MAS Monetary Policy Statement Ann't at 8.30 am next Thursday ! Should get some news by 9 am, they're very fast,..
Hansel
post Apr 11 2017, 08:22 PM

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QUOTE(TOMEI-R @ Apr 11 2017, 03:44 PM)
SGD and AUD has been laying a bit low recently. Anybody took advantage of that?
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I have been converting into some AUDs,.. intend to do it gradually because the AUD has more to drop.... don't need to convert into SGD anymore, has lots of it, and continuing to generate even more regularly !
Hansel
post Apr 11 2017, 08:44 PM

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Some rumours I heard,... may not be solid,... but sometimes, such rumours turn out to be true !
Hansel
post Apr 13 2017, 07:51 PM

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QUOTE(AVFAN @ Apr 13 2017, 07:25 PM)
sg's mas stayed put, did nothing. so... biz as usual.

trump visiting china said "$ too strong"... markets react, $ dived.

but.. not total market think trump can drive the $ down just like that.

and there's the fed with plans to keep hiking rates.

so... opposing forces at work... we dun know how that will work out, still early days, never ending story...!

$ is not falling anymore now.

so, we'll see what we will see.

whatever it is... we know... SGD will be fine... RM will go nowhere with all the sick politics and zero excitement economy.
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Majulah Singapura !
Hansel
post Apr 14 2017, 10:12 PM

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QUOTE(xpmm @ Apr 14 2017, 06:15 PM)
saw someones sig

Ringgit drop ‘temporary’, low crude prices ‘favourable’ (NST 2 Dec 2014)
RM3.4320 = 1 usd sos

Ringgit weakness is temporary, say experts (Mkini 12 Aug 2015)
RM4.0375 = 1 usd sos

Kejatuhan ringgit bersifat sementara (Utusan 12 Nov 2016)
RM4.53 = 1 usd sos

lol

https://forum.lowyat.net/user/adamhzm90
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biggrin.gif rclxms.gif rclxms.gif

Sure die listening to these people,.. but believe me or not, the very same buggers who wrote these would be the first to convert out their RM !
Hansel
post Apr 17 2017, 10:23 AM

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QUOTE(prophetjul @ Apr 17 2017, 08:58 AM)
Stoopid MYR back above 4.4
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Hansel
post Apr 17 2017, 12:49 PM

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Bro has spoken,.........'garang',...
Hansel
post Apr 17 2017, 07:06 PM

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QUOTE(Ramjade @ Apr 17 2017, 01:16 PM)
Hansel, if only we listen to unker dreamer last time...
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Bro,.. everything takes time,... if everyone jumps together into the bandwagon, perhaps we will be the ones who are left behind then. Unker Dreamer can shout all he wanted, but the effect needs time to trickle down to us,...

On his personal side, I believed he lost quite some money to some parties in Msia,... that's why he was so sore abt Msia,... he forgot that at the end of the day, he was born in Msia, and this is something that none of us can choose the direction of. Msia would have done him good too in some way, well,... I never forgot that,... but that's me-lar,....

Wherever we are, we must learn to swim among the waves, and to make the best out of everything. For myself,... I don't deny that I made a lot of money too from the ignorance, the fear and the under-knowledge of many Malaysians. If Msians are like Aussies or Sinkies, perhaps not so easy to charge them so high,...

Then from whatever I made, I sent the funds out,... if the Msian Gov't is like the Chinese Gov't or the US Gov't, I don't think I would be able to move so freely, right ? So,... it's good too that our pegawai are,... er,,... slow,...

Look at the 'good side' of things always,... not only the bad side ! But have precautions against the bad side,... like if you don't trust that our authorities can do their enforcement jobs well enough, don't commit your funds here in Msia,... study hard, go invest outside.

Our kerajaan is NOT stopping you,... our current top man is very 'open',... if you don't move, and another top man comes along and he happens to be like the Chinese Gov't, then you only have yourself to blame.

I think,... Unker Dreamer missed many of my points in the above,... he was bitter,...

And,... do you all really think it's so good overseas ?? biggrin.gif .......overseas has its own set of problems,... it's not heaven,... heaven is to those who have knowledge.

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