I thought will maintain at least 4.3x

I need to convert a lot of USD. Please go up.

My observation, usually the rate will increate when people speculating the rate will increase. The increase will stop after june, or decrease if the interest doesn't change

Bro,... I think factored in already,... USD won't strengthen too much anymore from here on if NO OTHER catalysts appear (besides the June hike).

Chances for decrease WILL BE THERE though if Feds say pace of increase will be slower,... look at the pattern carefully !

Myr/USD has been on down trend since 1997 and the downtrend is expected to continue with the same regime.

Sorry guys, what is GE meant to ?

In my opinion, ringgit is severely undervalued. Stable politics with high chance of BN is going to retain government, more than 5%gdp growth this year. We had Non-resident inflow into the government bond market amounted to RM9 billion in May, a second consecutive month of inflows, Bank negara simply can't stop ringgit appreciation further.
Should reach RM4 against 1 USD by end of this year: provided there is no federal reserve interest hike. If there is another hike: should expect RM 4.1 against 1 USD at the end of this year.
Possible
Dec 2018 RM 3.60
Dec 2019 RM 3.20

He is really a contrarian, bro,...   

Yeah,... have noticed this for a long time already, and I'm very glad you brought this up now. ... BNM is just there to adjust vs the USD, and ALL materials we read out there abt the RM 'strengthening' actually refers to the USDRM pair only,... Of course, if one needed the USD in future for cap appreciation purposes, then it's fine to use this metric.

But, if one needs to use another denomination, eg the AUD or SGD,.... then the RM is a very weak, bs currency.

By the way, has any ctry ever pegged its currency to any other currencies besides the USD,... yes, there is.... the Bruneian Dlr with the SGD.

The people who are raided by the MACC - they will always have foreign currency notes in their City house or in their kampung house,... This certainly signals where the strength of the RM is.

I heard around me that it's worth taking a risk doing 'corruptive activities',... at least the family will be fine even if the man of the house goes to prison,... then the money 'earned' need to leave this country before the MACC raids the house. That's why SG MAS clamps down of funds 'coming in' from Msia,... and jails many banking execs that dealt with 1MXX earlier. Just what I heard,...

But 1MXX is contributing funds for haj pilgrims to fulfill their pilgrimage,... so as to 'balance out' the accusations earlier,... don't know if this will make things good.

Anyway,... to be right and proper, just send whatever we have to a proper bank overseas, earn in a proper way overseas, pay their taxes if necessary, and do the right and legal thing. Things should be fine, and our purchasing power would be maintained when the MYR weakens further.

Some of the elites around me mentioned that it's good for the MYR to be weak,... then, in this country,... everything can be 'kautimmed' with money. Whereas in a 'place like Singapore, want to do this cannot, want to do that cannot'... and can't even be 'kautimmed' with money,... hence, Msia is a better country,... this man who told me this is a successful aircond installation owner,...

Another lawyer friend told me that this is THE SYSTEM is in this country,... can't change it, must follow,...

Got it. Even Baht?    MYR really hopeless already.

Thai baht at 7.8 is at previous rates already. I heard that it did dip abit last 2 months right?

So bro, you don't see the MYR picking up against these currencies anytime soon? Why is this bro when historically MYR has never been as low against these two currencies so I would have thought it has reached its floor and can only go up, right? Do you think it will go down even more in a year's time? Thanks.

Hansel,

Fair enough. I am currently working in NZ and was in Australia before that. Aim is to return home in 5 years time and hence the question. In your opinion, assuming  BN wins the next elections, do you think this will have a negative or positive impact on the MYR? Thanks.

Yes, I concur to that. But the issue lies in that the miniorities here are and will continue to be surpressed due to population declination and this will ultimately cost you your say and rights. Those who has already realized this are looking at greener pastures elsewhere where everyone will be treated equally and will have the same opportunities and those countries will be developed countries like Australia, The UK, Singapore etc. Hence those who realized early have already moved their family and their wealth to these countries so that their family members could have a more secured future.

Back to the question, Wont playing with the asx or sgx be a bit risky? Of course I understand that there would definately be risks associated with this, but are there other worthy investsments other than this overseas?

Both of us share the same ideology.  We can see whats coming to us.

Im saying in Au or Sg.
Good insight there. But knowing me, I dont want the extra headache of looking after too many things, especially when they are so far of us. If you get what Im trying say.

So did you change all your money into USD? What do you do with the USD?

i have changed a portion into usd 2 years ago, thinking of convert more now but dont know what to do with it.

currently usd is with fxcm getting 5% a year interest, but fxcm is not as secure as banks

thank you, thats what im looking into now actually,  is ETF the same thing as indices trading?
https://www.vantagefx.com/trading-products/indices/

- really lazy to go down to Singapore to open an acc and transfer money there. too much work.
- US stock is all time high.scare to buy.

thank you bro.

It seems most unit trusts perform below the market and you expect novice to be better?