http://www.thestar.com.my/business/busines...pt9b-at-nov-30/

there is no mention of what caused the 1.9b decline - trade balance or RM intervention or both or ??

so, it is hard to tell if the RM is strengthening on its own or due to intervention or due to new measures.

until that info is available, i am inclined to think that if it hovers tightly 4.43-4.45, there is continuous intervention.

Agree with that. More towards protection of one's wealth and interest. How can there be much benefit when most of our wealth/ interest is here and we are earning this currency.

So you are one of those 'speculators' who are causing the RM to dwindle!

USD 1.9bil ONLY?? The figure is quite huge wor...
I was expecting lower

Well the info is still blur blur.. No mention why the cause of the drop.. Anybody knows???

that's the whole point of this thread since 2 years ago - protect yr hard earned savings, don't just watch it decay in times like these.

it is utterly miserable for low-mid wage earners and pensioners/retirees counting on their meager savings and epf funds for kids' education, medical expense and retirement only to meet with a 30% cut in purchasing power in a short 2 years.

and all they get is "all external, can't control, not too bad".

Some minister said you are not affected if you dont go overseas or buy imported stuff.

Those who realize our currency is turning into 'duit pisang' ought to take measures to limit their losses. Worst of all, we cant rely just on property now to protect our interests as even the property market is facing some very turbulent times.
Yes we can say every country is having hard times right now, but how come that it seems our Rm is the one hit the worst?

This post has been edited by TOMEI-R: Dec 7 2016, 11:47 PM

wait a few months, we'll see how prices of petrol, food and drinks will change.

i am actually not so concerned about 4.5 or 4.4 at this time. more concerned with what is anyone doing to improve the fundamentals to help appr the rm besides insisting all is good, just external and "speculators" fault. is the budget deficit systematically reduced, debts lowered, productivity growing, significant investments now made to increase fx income? do we see great new ventures in agriculture, manufacturing or high tech? or is it just more debt, consume and keep building towers - all with zero fx income? what to expect in 1, 2, 5 years time?

property.. so much already said. property cycles are very long...
if the big slump comes, it will take a good few years to recover.
i am one of the fortunate ones to ride it up and got off early enough.

Good points above,...but how to mediate ? Convert now and not wait anymore because the RM does not really have any sign that will help it ??

Because if we don't convert now, chances are the value will drop more moving forward,...

see, that is what i'm thinking - what will make it appr? other than $ falling?

and then u read this kind of thing from dunno who...

why is it that when a currency goes to the dogs, "A lot of foreign investment is expected to come."?! a lot of foreign $ going to turkey, venezuela, egypt, nigeria, argentina too? or getting dumped harder?

and oil price will magically shoot up from 50 to 65 within 6 months? please...

This post has been edited by AVFAN: Dec 8 2016, 01:27 AM

More on the hedging side. If I am really the speculator here, then I'm a goner.

As you said earlier, the RM has been dropping in the last two years,... I supposed we have been hoping for the best with the RM all while, hoping for s strong turnaround, which never came. We have been waiting thanks to people from your previous posting,...

But,.. we only have ourselves to blame, we should be able to think for ourselves,...

Start to change, start to open more accounts overseas,...

i think there is a more powerful hand managing the levels for us.
Who, spending a few 10s of billions of $ is nothing.

Now you know WHY our country is in deep shite with ministers like this one around to manage the country.
But then again, why do they care? Their millions are outside the country

RM is worst hit because of .........1***.....fill in the blanks

AND of course............D***

i know i asked this before...........

while those who invested outside heavily can pat theirselves on the back and be smug.....think of the rest who have not.

HOW much do you hedge your net worth in foreign assets IF you are NOT MIGRATING?

buy foreign stocks?

Jomo: Loss of confidence in government a key dampener of ringgit performance
http://www.theedgemarkets.com/my/article/j...git-performance

The writing is on the wall

Any assets class: Stocks, properties, businesses, etc

exactly why I withdrawn all my investments in Malaysia. only way I can invest in this country is via stocks in companies headed by royalty.

Yeap. way better than converting cash and keeping it under the pillow or safety box.

AVFAN and me had discussed before. I was ~20% 2 years ago. Now, not much improvement I think around ~30% only. Mainly because I have illiquid assets in ongoing business.

Not as much as I wish to. But I plan to achieve at least 50%-80% if possible. Leave some in malaysia as I think this is still the best country to live in

Seeing the rate over this few days, especially after the BNM announcement last Friday, I have a feeling that 4.4x is the support level for RM. When calm returns, RM might appreciate back to 4.0x

This has happened before last year. Panic selling makes RM went to ~4.5x. Then in the next few months, it appreciated back below 4.00

this kind of comment will be frowned upon by the power ones.
they only want rosy politically correct talk.
talk some more, he may get harassed/arrested.
and that's precisely the issues - non transparency, confidence.

me, about 40%, target is 50%.