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 USD/MYR v5

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Ramjade
post Jan 18 2017, 11:37 PM

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QUOTE(avrilmae @ Jan 18 2017, 11:10 AM)
I want to buy sgd but  cry.gif
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Faster buy. Although market price was 3.1532, money changer was selling at 3.123. Change a few. SGD went out of stock at lots of money changer in midvalley.
Ramjade
post Feb 16 2017, 10:57 AM

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Is USD stagnant or going up again?
Ramjade
post Feb 16 2017, 11:06 AM

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QUOTE(TOMEI-R @ Feb 16 2017, 11:02 AM)
+- but around 4.3. Not much movement I would say.
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Excellent. The RM peg should hold the rise of USD at bay even if it's moving up for the time being... (which means getting the USD at cheaper price compare to real rate) Need some USD.

Cannot say the same for SGD. sad.gif
Ramjade
post Feb 16 2017, 01:33 PM

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QUOTE(AVFAN @ Feb 16 2017, 01:10 PM)
There is felda/fgv jitters.

And there is 1mdb still. This below is pushing the rm down again, despite usd now pretty neutral against other majors.

Bnm have a tough job holding at 4.45 with mega scandals unresolved.

Usd 4.46
Sgd 3.14
Aud 3.44

Dun be surprised if bnm give up and let it slip according to market forces.
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This is bad sad.gif Please hold it until I can get back to Malaysia and change. cry.gif cry.gif
Ramjade
post Feb 24 2017, 12:14 AM

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QUOTE(simonhtz @ Feb 24 2017, 12:12 AM)
What the rest of the world think your currency is worth. Damn bud, that's cruel man.

I understand the situation maybe dire right. Ow, but would there be a shimmer of hope?

Guys, what your view on this?
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You can continue to wait while the currency continue to slide whistling.gif or you can take some action bruce.gif flex.gif
Your choice. There's no right/wrong.

This post has been edited by Ramjade: Feb 24 2017, 12:14 AM
Ramjade
post Feb 24 2017, 12:50 AM

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QUOTE(Hansel @ Feb 24 2017, 12:45 AM)
I've been thinking,.. I think if one does not have ambition to involve with foreign matters, eg to travel overseas, or to send children for overseas education, or to invest overseas, etc... should be okay for them, right ?

The inflation in-country should be quite manageable if they control their expenses, eat cheap food, stay in an economical way,...

The currency thing only affects those who wish to involve with foreign matters.
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I will say no. Why? Simple household goods are increasing at a worrying rate.
Ramjade
post Feb 24 2017, 09:03 AM

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QUOTE(Hansel @ Feb 24 2017, 08:59 AM)
Only for some people, I think,... The majority of those who live in the rural areas shld be able to manage,..
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Rural places ya. Urban people no.
Ramjade
post Feb 24 2017, 11:46 AM

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QUOTE(oOoproz @ Feb 24 2017, 11:43 AM)
This RM really behsai liao.

Dear sifus, may I know which bank would able to exchange all my current RM to USD or SGD?
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All banks can do that. But you cannot withdraw in SGD/USD. When you want to withdraw, they all will convert back to RM for you. tongue.gif

There's this thing call Foreign currency account.
Ramjade
post Feb 24 2017, 10:24 PM

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QUOTE(AVFAN @ Feb 24 2017, 10:11 PM)
in the next 10 years, millions more unskilled workers (who repatriate wages home) will relocate here.
that is already here.

cimb today rm3.1965 to buy sgd1.

i see 3.30 by year end.
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Haiz, this is just the beginning of the year. Still so long until enf of the year. sad.gif
Ramjade
post Feb 24 2017, 10:47 PM

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QUOTE(TOMEI-R @ Feb 24 2017, 10:36 PM)
At the rate the Rm is falling, i would predict 3.5 at least. Go go Sgd! rclxm9.gif
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QUOTE(AVFAN @ Feb 24 2017, 10:39 PM)
that is almost another 10%.

will happen if and when BNM decide it can't afford to intervene anymore.
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Don't think that's going to happen. Remember they force exporters to convert 75% of their earning back into RM every 3 months?
By end of march want or don't want exporters have to convert back their earning in RM. It should give the RM some boost temporarily every 3 months.
Ramjade
post Feb 27 2017, 10:58 AM

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QUOTE(TOMEI-R @ Feb 27 2017, 10:54 AM)
Rainy morning...
Sgd 3.165 to 3.17 at money changers this morning.
SGD up up up! sweat.gif
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USD 4.435. Still cheap.
Ramjade
post Feb 27 2017, 12:43 PM

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QUOTE(Hansel @ Feb 27 2017, 12:16 PM)
Yes,........ I am aiming for this too,.. when the RM rallies, QUICKLY chg over,... but the prb seems to be if I can think like this, others can too,... so, the rallying may be capped !
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Waiting for press statement Saudi king pump in xxx amount of money as investment which should prop up RM for a while. Hopefully enough time for me to change SGD.
Ramjade
post Feb 28 2017, 06:35 PM

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QUOTE(kopifan @ Feb 28 2017, 04:40 PM)
SGD NDF all time high at 3.173 around 3pm just now  doh.gif
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Really doh.gif doh.gif Why is SGD keep going up? rclxub.gif rclxub.gif Anything which we don't know about? hmm.gif

This post has been edited by Ramjade: Feb 28 2017, 06:38 PM
Ramjade
post Mar 1 2017, 09:49 AM

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AVFAN why isn't Saudi's investment helping to boost the RM abit?
Ramjade
post Mar 1 2017, 10:57 AM

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QUOTE(kopifan @ Mar 1 2017, 10:53 AM)
I think could possibly be shorter term factors take precedence over long term factors?  hmm.gif
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Short term boost is good enough for me to transfer my RM.
Ramjade
post Mar 5 2017, 09:11 PM

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QUOTE(silverviolet @ Mar 5 2017, 08:14 PM)
Any hope for RM after US interest hike....or should we consider migrating somewhere else..if yes where~
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Are you kidding me? US increase rate, RM will drop further. Unless it's "pegged" devil.gif

This post has been edited by Ramjade: Mar 5 2017, 09:51 PM
Ramjade
post Mar 5 2017, 10:17 PM

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QUOTE(silverviolet @ Mar 5 2017, 10:04 PM)
Thts y I am asking bout migration...sg earning power much higher...is there point of staying in msia which I am not seeing..any hope for Rm left...@@
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Actually yes. ECRL. Once that is operational SG ship industry will be severely affected as ships don't need to sail downwards to SG.

They can just drop off the item at penang/port klang. Items will be carried by train over to east coast for another ship.

When tangung pelepas became operational, Singapore lost 17% of the ship business.
Read here for more info
http://investmentmoats.com/stock-market-co...stment+Moats%29

Singapore is just a temporary place for now.
Ramjade
post Mar 5 2017, 10:25 PM

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QUOTE(silverviolet @ Mar 5 2017, 10:22 PM)
Learnt something new~biggrin.gif but the ship industry constitute how many percentage of their source of income..
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Ship industry for them is big. Some of their blue chips industry are ship industry related. When the oil price tank, the ship industry was affected which cause their banks to be affected also.
Ramjade
post Mar 9 2017, 10:20 AM

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QUOTE(AVFAN @ Mar 9 2017, 09:50 AM)
$ index rising as mar 15 nears, 102.17.

and crude lost 5% last night.

yet RM still at 4.45x, 3.14x /SGD, 3.35x/AUD.
not a bad time to buy $ or SGD, today!
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SGD have been flat at 3.155 - 3.16 for this week. sweat.gif How is that a good time? Unless fall to 3.14x then good time rclxms.gif unless it's going up further hmm.gif cry.gif

This post has been edited by Ramjade: Mar 9 2017, 10:26 AM
Ramjade
post Mar 9 2017, 11:31 AM

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QUOTE(AVFAN @ Mar 9 2017, 11:28 AM)
not sure if u r quoting buy or sell rates.

i quoted middle rates, so u can estimate the buy-sell rates.

if u think buy sgd1 with rm3.15x or $1 with rm4.46x is no good, u can always wait!

i know u r very particular about tiny cost savings. tongue.gif
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I am quoting money changer's rate of them selling SGD. It's been flat this since last week at 3.155-3.16 so not interesting yet. Hopefully it drop to 3.145. Then I change some more.
You are saying it will go up?

For USD ya la as it's "pegged" so even if it goes higher, we are actually getting more USD. thumbup.gif

This post has been edited by Ramjade: Mar 9 2017, 11:35 AM

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