If compare with the above already lose out 

If compare with the above already lose out 

thank you. looks like none of this is for me as it's either you lose or either you win unless you move alot of cash. being in kuching is a handicap where we need to charter a flight just to go to Singapore

this question, in both general and specific sense has been asked many times in this thread.

there is no single answer but a list. diff people use diff ways according to the amount, individual needs, risk appetite, cost and convenience, e.g.

1. buy foreign notes at money changer, keep under mattress.
.. easiest, good rates, small amounts, not an inv, only FX risk.

2. buy foreign notes at money changer, put in bag and travel abroad to deposit.
.. subject to FX/immigration laws, risk of theft n robbery.

3. buy foreign equities with local banks/brokers.
.. easy to do, but high brokerage fees, potentially high spread.
.. new BNM rule says for individual, limit is RM1 mil minus outstanding RM loan liability (1 house exempted, i believe); no limit for those w/o loan.

4. buy foreign equities with foreign brokers.
.. harder to open account now with say Interactive Brokers, Ameritrade.
.. money to be TT'ed subject to same new BNm rule of RM1mil.

5. buy with DCI or dual currency inv accounts with local banks.
.. useful for those expecting to actually use the hard currency when time comes.
.. the usual FX risk for those who do not plan to use the foreign currency.

Eh.....Look at your map lah.... Brunei is just as far as Singapore from kuching....And harder to go, as no direct flight....By road, it's a 12hr journey....

read carefully what i wrote again...

and hello....there are 3-4 direct flights a day between kuching to singapore.....

I do notice early December, when RM weakened against USD, RM was also weakened against SGD.

now, the correlation pattern seems to stop.

Is it a good time to convert some SGD to MY now?
Or should I wait for trump sworn in on Jan 20?

I think so too,... but any rates from moneychangers yet this morning ??

Sell Rates by moneychangers, bro,... you have noticed something,... what is it pls ?

OK bro,... but if inflation goes up, BNM will have a good reason to increase the OPR. This will strengthen the RM instead,.....

U can even use cash over counter in Malaysian branches, bank will convert your myr to USD or whichever your target currency. However just take note that the bank sell rates are bad for you. If you hv no other means of converting and depositing to your target currency and account, so be it.

Just found this for sending money overseas !

http://www.eremit.com.my/#homerate

The rates are horrible !

Merchant trade let you do (transfer to Singapore). You can test water by trying SGD100 and see.

Which money changer do you always go to?

Bro,.. you try those in MV,... talk to them.
Bro,... been changing all over the recent holidays. My Average rates :-

1) USD : 4.4692
2) AUD : 3.2306

What do you think ?? Other forummers ? Are these rates acceptable ??

the last time i converted when usd was 4.25.
not converting anymore after hit 4.4x because really rugi besar convert now.

instead, i am looking to buy land now to preserve rm value, rubber estate as rubber price is not bad now.

worse is convert convert later haul up by bnm. die

there's always Chinese new year. I am thinking of converting some of my cash to yen when everyone is traveling

bnm already peg, cant go up much. even if go up 4.5+ its only for a while, just wayang wayang.
then i price my land in usd lol.
Yes, but for how long. Its already costing them a lot of money.

seriously, land is one of the best hedge against inflation and currency drop.

*optimists activated* if our forefathers (fathers) and some of us can survive the 1998 Malaysian bloodbath we can survive this. we'll my family didn't we were the unlucky few who declared ourselves backcrupt and had to run to Brunei. so if I can survive that I can survive another round. this time in preparation.

money changer amounts are usually small, little impact.
to help the RM, gomen can and should do something like china now.

msia is as bad as china when it comes to illicit money outflow.

but is there a will to stop the crooks from siphoning big big sums?

Most fixed assets could hedge against inflation provided is fully paid off. As bank inflation rate will rise with inflation; if buy property with borrowing, not many could sustain high bank interest rate.

Don't understand how buying domestic assets could hedge against forex loss.
During cheap and easy credit period 2011-2014, substantial amount of residential loan given was subprime, flippers intended to flip upon vp, etc. As property market is not as idea as a few years, believe next banking crisis is likely subprime crisis like in the US 2006. Last I heard, NPL on residential loan has climbed by double digits % y.o.y.