Bro,... too much to write and to explain,... I'm consolidating my funds now for further sending-out. Don't know why,... my moneychangers are seems to be not so 'active to me' anymore,...

Look at the running numbers at the top of the webpage. That is the TT out rate,... it's even higher than Maybank's for the AUD,...

China is clamping down : must fill-in forms before buying foreign currencies, and has been stated by the Govt that foreign exchange CANNOT be used to buy homes abroad and to buy shares abroad.

Will our Govt do this ?? Soon ?? Or anytime in future ??

Donno why this is the only thread in lowyat that gives me the sense of dread when I read the posts here. Sigh. This kinda sucks and we all know there is no end to this downward turn of events. Not unless trump fucks up

MYR is expected to recover into Q2 to Q3 when the price of oil starts to stabilize with the elections coming in August to September will be the best time for our country to recover

Yeap I saw bro. I did some reflecting and i do not think it's necessary in my situation. congratulations tho brother

Out of topic a bit. So did you go over to SGP to open an account there  or open with Maybank SG through Maybank My?

  you won't regret it, bro,... but do make use of the accounts ! Build-up yr knowledge on SG instruments,....

But could it be that RM could have worsened to >4.5 if not for the intervention by BNM ? Now still under "controlled" appreciation ? 

Bro,... I think these back channels are slowly closing down,...Doors are closing, otherwise, we wouldn't have so many 'sonlap pros' keeping foreign currency cash in their homes and in their kampungs. On a personal level, I too find many of the easier channels previously are no more there, and rules are tighter nowfor funds movement.

The 1MDB event sealed the hole tighter,... NR moved fast, he's smart, becos after him,... that govt agency is allowed to go after the rest of the big 'songlap professionals',... he slipped through first with a big haul. This is what I heard too from my private banking circle in Sgp !

Now 'catching 5th individual' !

Actually,.. it is good for Sgp, to show the world of its integrity, and more people and institutions will put money there,... then Sgp will be a financial hub. Better than Switzerland.

We investors would want this too, right ?

I think bad for RM !!!!!

u want to buy SGD with RM?
PERSONALLY I think this pair will move in tight range over the next 6 months unless 3.140 is breached 

if u look at SGD/AUD over the last 5 years, they were at parity many times last year.

sg almost fell into recession but rebounded fast, less need for MAS to recalibrate the FX band/slope.

if the economy picks up nicely this year, foreign funds will go back in.

we will then see 3.3x with the RM, like the AUD.

Then change now. What are you waiting for ?

I wonder when are they going to reach down to public converting own funds to foreign currencies,...

gbp/ myr xe rate now is 5.375
wait till gbp fall lower then convert sampah myr to gbp
this is the only chance to recover all the myr losses as gbp will strengthen once brexit uncertainty go away

myr has no hope of rebound as long as umno is in power.

Have to hold...And GBP interest like zero.... So basically depending on appreciation....

Can convert back to myr if needs myr....If to any other currency....It would be a proxy to aud for me....

Most money changer rates are not negotiable. So dont bother.

The GBP has rebounded even before the brexit press conference....

Actually, the bnm "peg" on the USD is condemning the myr as the USD soften in the lead up to trump installation....

like i said, some of the drop in myr is due to the drop in usd, after bnm "fixed" the usd-myr rate....