u mean to get same AUD, u spend less RM doing RM->AUD than RM->USD->AUD?

if so, that is only normal.

if u mean cheaper the other way round, that will be something interesting... arbitrage opportunity?

This post has been edited by AVFAN: Dec 17 2016, 08:39 PM

this big gun say weak RM is great!

but this other big gun disagree.

weak RM cannot be good overall. it's BS to say it is good.
if it's really good, just devalue to 7.0 or even 8.0, all is good then.
so easily done.
try getting it back to 4.0, u can only get defensive responses like "all external, can't control, not too bad".

of course, the ever wise statement is "too strong no good, too weak also no good, just right is good."

so, the big question now, given:

.. the continued strength of the $.
.. USD/RMB going >7.0 soon.
.. our debt levels and addiction to debt.
.. gomen priority for gdp growth (and hence reluctance to raise int rates), which is primarily driven by consumption and construction that bring no fx.
.. our budget deficit, br1m, subsidies, leakage, wastage, graft.

what is the "right" no. for RM?

5.0 by 2018 sounds about right, no?

This post has been edited by AVFAN: Dec 17 2016, 05:48 PM

If you're product is priced in USD and exported out then its good cause you'll get more RM.
If you're a consumer then it's bad cause it's going to be more expensive for you.

Don't take all these people seriously because what they say is just for their own best interest not yours.
Vincent Tan just wants to make more money that's why he is promoting a weaker ringgit.
Again he probably doesn't care what the other impacts is but only himself.



This post has been edited by Drian: Dec 17 2016, 11:00 PM

These people have been wrong so so many times. Sometimes I wished someone recorded down what they say and the real outcome for the past 5 years, and do an analysis on how accurate they are with real names.

Something like:-

xxxx name working in KPMG consultancy was wrong in 2/3 of his/her prediction.




This post has been edited by Drian: Dec 17 2016, 11:07 PM

I think the exporters are no more enjoying themselves as they used to after BNM forced them to convert 75% of their proceeds back to the RM !

I believed nobody would want to convert into 'a lot of a currency' that CONTINUES TO WEAKEN !

This post has been edited by Hansel: Dec 18 2016, 12:52 AM

for everyone's reference...

This post has been edited by AVFAN: Dec 18 2016, 01:51 AM

the bigger question is with this 75% thingy, who will put big money into exports biz?

And why FDI need to set up shops here for export?

I believe businessman made most money from the trade margin. The Forex gain from sitting on usd pile is just bonus. Nobody likes their bonus being taken away, but that doesn't mean they will just quit/walkaway from their money-making trades.

quoting with quotes again?

you should at least type something to express your own views

This post has been edited by kit2: Dec 18 2016, 06:08 AM

if u hv nothing to share, pls don't post at all.

Hmm,... I tend to disagree somewhat,.. for myself, even though I am making a lot from the margin, but if what I made MUST BE converted into something that will lose its value slowly, I will still hesitate.

Bro,... for myself, I think it's great that AV can furnish us news. He put in great effort to find and post. I wouldn't ask more of him if he is not ready to comment. The great thing abt this thread is we all scour and post what we find from the net.

wow didn't realize there's an douche bag in every thread. I feel you AV as I always post stuff on the fsm group and there's one guy who never gives anything in the conversation and will pop up for no where and start complaining. keep up the good job AV news articles help a lot when making a decision on what to invest and where to invest

well, if one has hung around any thread LYN or any forum for a while, one surely knows - there are all kinds.

one liners, trolls, "feed me's", post for post sake, stalkers, hijackers, derailers, troopers...

it is true not everyone can keep up with a dynamic and complex subject and hence get lost in the middle.

more so when one is lazy and does not want to read or think a bit.

and that causes frustration on one side and exasperation on the other.



however, one can also find value in some others' posts.

it is for this reason i only go to a handful of threads where i know there are good contributors to share with and brains to pick.

the actual impact of that 75% thingy has yet to be seen.

however, the comments from topglove already give a clue - it will stifle export industries' growth, i.e. new investments for export biz will think very hard about whether to go ahead or not.


what sectors are we talking about when we say "export biz" or anything that earn FX?

that should be largely manufacturing.

this new report says mfg investment approved (not actual) is down by 39%.

not much details about foreign or domestic; the nos. are for jan-sep, before the trump win, before the 75% thingy.

i doubt the 75% thingy is going to help the RM overall over time.



This post has been edited by AVFAN: Dec 18 2016, 11:45 AM

Besides u.s fed rate, with China as the largest trading partner, economic downturn e.g property bubble burst in China, RMB breached 7.0 will have impact on Myr forex rate.

Bro,... pls help me to confirm,... I discovered an arbitrage opportunity here ! AUD will be weakening these 2 to 3 days, but after it 're-strengthened', pls allocate a few minutes to help me cfm,...

i am starting to wonder if bnm is intervening to keep RM closer to RMB rather than USD.

since there is so much hype about RM144 bil investment to come from china.


so, u mean it is better to do RM->USD->AUD than RM->AUD?

in another thread, i mentioned i was checking if SGD->USD->RM is better than SGD->RM due to the ridiculous RM/SGD spread with the local banks.

i will post what i find tmrw.

Tq for helping to confirm, bro,.. maybe PM if you wished to.