turkey still wants to join the eu....if they even hint at capital controls, there goes their chance for another couple of decades...

well...in the 70's it was >400yen to the usd.....now it hovers around 100yen....

japan can....

That's an interesting thought....A transient proxy to USD, due to current brexit issued....

I had attempted to buy some a few months ago when it was below 5.2....May try again when it goes below 5.3....

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....

i don't do the money changer way....use dci....and yes, you can do gbp-aud direct dci......

if you want to invest, then of course, you need the money upfront....

i am referring to the potential arbitrage opportunity with the brexit fears....which i believe is over-reaction....

at the height of the drop after the brexit vote, before myr's grief, it dropped below 5.2....i missed a strike because my agent mistaken my instructions....soon after, the myr slide happened, and it went up to 5.6.....i would have made quite a lot of money just trading it back to myr....

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....

she is going for a "hard" brexit....in the sense it will be a clean break....and market has already rebounded....it's often the uncertainty that causes the sell down....

wanted to go in this morning at 5.38 but officer delayed, and went up above 5.40....now 5.42....part of this movement is usd dropping rather than gbp rising....

GBP jumped with May's speech....Missed the opportunity....

Duplicate

This post has been edited by limeuu: Jan 17 2017, 09:26 PM

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

any drop in gbp will be reactionary and transient, to political events....eg, after the vote, and worries about hard brexit before may's press conference and speech...

fundamentally, the economy is still robust, and the value of the gbp is well supported economically....

i tried to catch both falls, but failed both times...

AUD now at 3.36, historical high.... Never before....

in a dropping usd scenario, no help....and double conversion means double exchange loss from charges and spread....

maybank fca no minimum amount or charge....

I wonder how much money is actually being pumped in for that...Many such projects just provide technical expertise...Money comes from local investors...

A sudden surge in MYR....wonder why...

My USD are at 3.2....so no I am not excited at 4.37....lol

But might be an opportunity for those intending to move out from MYR...

i believe is the other way round...part of the reason for the drop in petrol price is the strengthened myr...

The current rate is a reflection on the status of the USD...if you recalculate based on a USD index of 1.01, you get the same rate as the beginning of the year....