Ringgit at 14-month low as Fed's confidence dents Asia FX
http://www.thestar.com.my/business/busines...-dents-asia-fx/

http://www.theedgemarkets.com/my/article/w...ainst-us-dollar


Sure RM5/USD is on the way

RM is a gone case !

What need to be sold is sold, funds managers are on holiday, don't expect any forex excitement in next few weeks except tax increase. Next wave likely end Q1/17.

wow just wow

even BNM rate is already 4.47 MYR

so close to reach 5.00

Still very far..... However, other currencies like SGD and Aussie Dollar seems to be falling against USD too.

4.47 to 4.50 is the point of heavy resistance. Breaking this trend may bound for more weakness towards 4.7.

We are really close, if this break. Gone case.

Please proceed

u and i saw and understood this.

i hope the rest did too.

Yeah,... I think xpmm has a point there,... But there is no hurry to convert, right ?? Since our central bank is going to hold this rate and defend the MYR, we can convert anytime, as long as they have the power to defend the currency,....

u saw that too earlier when u commented "how come other em currencies...?".

if one cannot see that, it will be hard to foresee what comes next.

intervention... long how, how much fx reserves, what controls next... good point.

the trouble is our major economic policies are largely dictated by politicians... u know...

they may do something "extraordinary" or just let go.

so, we will just have to see what we will see.

This post has been edited by AVFAN: Dec 16 2016, 07:15 PM

yes. it's because of BNM...

but for how long? soon sure will break the barriers

Extraordinary? Peg the Ringgit? What extraordinary move can they make? Or you were implying letting the Rm freefall itself?

Ringgit oversold by 10% to 12%, says Public IB Research
http://www.theedgemarkets.com/my/article/r...lic-ib-research

boleh percaya kah this news

All nations will have no choice but to raise their interest rates too

Fuhlamak, 4.48

Waah.. once that Ringgit break the 4.5 barrier, I think it will likely get a flush to 4.7.

Go back a few pages, check particularly all those big guns' prediction about ringgit, some top guns say rinngit is stabilizing at 4.1 ....

Those 'big guns' are usually good in that. Just like the usual Malaysian policitians.

Going back to the points in the above,... I discovered the following :-

I calculated if I am to use the current exchange rates to convert directly from the RM into the AUD, compared against if I am to convert from the RM into the USD first, then after that into the AUD at about the same time, I will spend RM10 less for RM100 to buy the same amount of AUD worth of conversions.

Hence, yes, I believed the actual value f the RM right now is actually more that 4.47,... perhaps even touching as high as RM5 per USD. But because of help from our central bank, we can 'enjoy' a lower USD. Yeah,.........

....... I await further comments,........