Bro,... I was thinking along your line as above too,... but suddenly this afternoon, I got another opinion - with the GE coming, those people will try NOT TO increase the interest rates and put the people in difficult positions, right ?

Yeah,... NOW is in fact the time to convert out the MYR, direction being MYR -> any other currencies, since the MYR can buy a lot of notes now. The opposite direction now is losing,....

Ahh bro,... if one has put in effort to learn the overseas investment earlier,.. then with the strengthening RM, can take opportunities now.

Yes, you are right then,... if the RM is good now, but no money to convert our also no point,... One should start to take a look at his portfolio in the country, and wherever possible, take the advantage to convert out wherever he can dig money from.

Yep,... bro Showtime provides great contribution,... no doubt about that !!!!!!!

Guys,... you are earning RM day in and day out,... chg over to foreign currencies to diversify our currency holdings,... nothing wrong with that ! For myself, I earn the RM, when the RM starts to strengthen like now, I am very happy, I have RM dropping into my account everyday.

But - if RM weakens, I am also happy, I can convert bck my foreign currency holdings and get more RM to spend...

YOU guys know what that is painful ?

When RM weakens earlier, price of products and food increases. BUT - when RM strengthens like now,... ARE WE GOING TO SEE PRICES COMING BACK DOWN ???????

Yeah bro Iceman,... I would like to know your opinions too,... I know you have that notion abt currency moving randomly under short term,... but perhaps a bit more of expansion of this concept ??

I am sincere in my request - no ill feelings whatsoever,...

I have NOT checked any money-changer rates this morning - BUT I dare announce that ALL rates would have dropped this morning at the money-changers vs the RM. RM would be king today, and much stronger than the rates offered by money-changers yesterday, RIGHT ?

Yes, you are right, I meant converting into foreign currency via moneychanger or by TT, then depositing into a bank in SG. Not into local banks,.... LOcal banks will never accept SGD cash for depositing into your FCA.

I think can wait a bit more before buying the USD. IF CHINA does retaliate hard by dumping the USDs and US Treasuries,... the USD will really sink and plunge all the way down,...

But yeah,... RM Is strong at the moment,... look at RM vs the SGD, AUD and JPY,... hence,... watch closely and get ready to convert out,... get hold of an account outside,...

I think RM is strengthening and USD is weakening. Both are happening together now. Following are the signs :-

1) USD is weakening across the board.
2) RM is also strengthening across the board.

Which currency is most worthy to change into now depends on which currency you needed most now. But,......... from experience and pure observations, I think the AUD dropped the most now vs the RM and the SGD.

Yes, there is this exposure,... can't run away from this exposure-lar,....

Sometimes, life is hard,... we want the RM to appreciate, but this can only happen if the national coalition wins big,... and some of us are wishing for a gov't change,... so, it's either this or that,...

I think only if BN wins big,....then can reach 3.80 or perhaps even lower.

Err,... not really, bro,... foreign funds might NOT be so pessimistic towards the Mahathir Administration,...May strengthen,...

This is exactly what that was promised in the Pakatan Manifesto. More spendings by rakyat means more taxes in the form of SST. Secondly, less leakages and less corruption in the system will ALSO cover-up the shortfall after the abolishment of the GST.

The THREE components above are said to be able to cover-up the shortfall !!!!!!!!!!!!!!!!!!!!

Maybe after abolishment within this 100 Days, the fiscal deficit will climb until the above three effects kick-in !!!!!!!!!!! If they don't abolish,... emm,....

Ringgit-wise,... it's hard to comment which direction it will go, and the 'trickle-down' effect that will reach us. But,.. personally,... I opine that,...

One 'trickle-down' effect that might hit us in this forum is the possibility of 'not being able to TT out funds easily anymore as the days go by'.... just a thought,...

Edited by Adding : Bros,... we are earning the RM day-in and day-out,... so, if the RM strengthens, it's good, right ?

This post has been edited by Hansel: May 13 2018, 03:01 PM

Emm,... not tomorrow, bro,... what we will see tomorrow, and possibly the following week, is but some random effects only, random 'walks' in the RM movement, and unsure actions by the new gov't,... and too, unsure actions by foreign funds and players.

Secondly, the forming of the gov't will be a big jockeying event for positions too, as they 'fight among themselves on who should hold what positions'.

As the days go by,... then we must be more and more observant and tune ourselves in-line with whatever new policies that might come online, eg,... if we think TT'ing out of funds by individuals for investment will be locked, then better don't wait for the RM to strengthen anymore. Better TT out immediately...

Above is but an example for us,... there are many other possible new policies.

If we regard abolishing the GST as a change of policy, for which I would,... then the 100-day target needs to be met, as committed to rakyat earlier.

Actually,... Is it healthy to keep preaching abt the residues of BN policies today ? If we continue doing this,... then we are 'building' a backdoor for the current gov't not to implement what they committed earlier before the elections.,...

Just DIVERSIFY your currency holdings ! This is the best !

WE are, after all,... day in and day out earning the MYR. The supply of MYR coming in will never stop. If MYR is strong compared to ur foreign currencies, use ur MYR. If vice-versa, use ur foreign currencies and convert back.

Whatever it is,... DO NOT give up ur foreign currency holdings and assets. Last 20 to 30 years, under BN, the MYR has been weakening,... today it's PH,... are we saying in the next 20-30 years, the MYR will go back to 1 against 1 vs the Singapore Dollar ?