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 USD/MYR v5

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TSwil-i-am
post Dec 11 2016, 01:55 PM

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QUOTE(bbgoat @ Dec 10 2016, 05:58 PM)
Good news if it is to hit 4.35. But are they ever right ? Lets see.  biggrin.gif
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I wud say 4.35 is within reach since non opec have agreed to cut production plus gradual improvement in sentiments
TSwil-i-am
post Dec 12 2016, 11:32 AM

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QUOTE(AVFAN @ Dec 11 2016, 02:57 PM)
For >2 years, oil price stayed low, prices of goods go up becos RM depr.
When oil price goes back up, RM gain will not be able to stop inflation.

The only thing that will overcome this is fast increasing wages.
And that is not happening.
Result... everyone becomes poorer.
Except those with tens, hundreds of millions, billions.
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Increase wages come with increase KPI
It's challenging for employee to meet numbers when the prevailing sentiment is poor
TSwil-i-am
post Dec 12 2016, 11:36 AM

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USD index spot down slightly today to 101.47 now
TSwil-i-am
post Dec 12 2016, 08:50 PM

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QUOTE(Hansel @ Dec 12 2016, 12:25 PM)
Only 3% ? I find that hard to believe,... lots of ASX FP investors got more than USD100K worth inside,... maybe the source of this info will help to explain more to us.
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U seems to have insider info on the identity of the unit holders who own > USD100k biggrin.gif
TSwil-i-am
post Dec 12 2016, 08:52 PM

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xe.com indicates MYR appreciate slightly to 4.4120 today
Lets c whether tmrw onshore rate will follow the direction
TSwil-i-am
post Dec 13 2016, 08:29 AM

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QUOTE(spiderman17 @ Dec 13 2016, 12:20 AM)
Compliance is not by choice. Once the money comes into their account, the bank is mandated to convert 75% into myr. So, yes, the exporters are already complying.
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In fact, Bank's HQ will auto convert (75%) once monies reach M'sia b4 credit the same into respective a/c
TSwil-i-am
post Dec 13 2016, 09:16 AM

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QUOTE(Avangelice @ Dec 13 2016, 09:12 AM)
and though I fear you may be right but I am happy there's a few here who knows how to invest in their monies.
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I know a lot of Ppl subscribe to YOLO concept, wat say u hmm.gif
TSwil-i-am
post Dec 13 2016, 09:36 AM

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QUOTE(Ramjade @ Dec 13 2016, 09:34 AM)
What if I as an exporter decided to have offshore account in SG/UK/HK and ask my clients to bank in the money into those account. That way, I don't need to convert my earnings into RM right? Just a thought  hmm.gif
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Yes, u r rite
TSwil-i-am
post Dec 13 2016, 10:17 AM

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While v discuss, MYR is slowly moving towards 4.40 mark
TSwil-i-am
post Dec 13 2016, 10:36 AM

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QUOTE(AVFAN @ Dec 13 2016, 10:30 AM)
not so blatant la... that will amount to smuggling or illicit fund flows, big trouble if they wanna get u.

i m sure there r better ways to delay, minimize the effects.

successful exporters weren't born yesterday.

but here is not the right place for such discussions.
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I was make to understand affected exporters via their association have started to engage with BNM to fine-tune d nitty-gritty(s)
Lets c whether BNM willing to budge or status quo


 

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