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Ramjade
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Mar 9 2017, 11:56 AM
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QUOTE(AVFAN @ Mar 9 2017, 11:52 AM) if wanting to buy usd/sgd/aud with rm, but not buying now, waiting.. will be right if... 1. rate hike happens on mar 15. 2. bnm continues to use reserves to "peg" rm to the $. me, i am buying 1 but not 2. that basically is the view anyone need to take. I believed they will continue with the peg. Cannot afford to show the "strength" of the RM right?
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Ramjade
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Mar 9 2017, 05:58 PM
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QUOTE(Hansel @ Mar 9 2017, 05:53 PM) I think just apportion out the targetted amt to be changed over the next few days, and chg over daily,... final day of change to be daytime, March 15, Wednesday. Ann't will be that night, our time,.... So 6 days to change. Will take note and moniter like a hawk  ...
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Ramjade
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Mar 10 2017, 03:41 PM
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QUOTE(cute_boboi @ Mar 10 2017, 02:44 PM) Today money changer sell SGD at 3.145 , just bought some since need it. Not sure next week/month will go up or go down to 3.07-3.12 speculation.  I think I will wait. SGD have been dropping. Wait for 3.13
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Ramjade
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Mar 11 2017, 02:46 PM
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QUOTE(kopifan @ Mar 11 2017, 02:29 PM) SGD run up this round is only ~ 40% in term of time-frame imho  I think it's weekend hence money changer hike the price. Hopefully nest week drop.
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Ramjade
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Mar 11 2017, 05:34 PM
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QUOTE(TOMEI-R @ Mar 11 2017, 04:01 PM) Nope. Usually it will drop on the weekends because there are not much trading activities going on and hence the slight drop. But I saw SGD climbed up again this morning.  AUD is nice though... Slightly below 3.40. Like week also same thing. SGD went up during the weekend and drop on weekdays.
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Ramjade
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Mar 12 2017, 01:08 PM
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QUOTE(Hansel @ Mar 12 2017, 12:51 PM) TQ TO BRO AVFAN FOR THE UPDATES !!!!! ALWAYS APPRECIATED THE EFFORT FOR KEEPING TRACK OF IMPORTANT NEWS AND UPDATING US HERE ! You think MY govt will do the same thing here?
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Ramjade
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Mar 14 2017, 10:52 PM
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QUOTE(icemanfx @ Mar 14 2017, 10:49 PM) myr long term trend to sgd, rmb, jpy and usd is there to see; yet many still have faith. But RMB also dropping what. China burning through reserve like no tomoorow
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Ramjade
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Mar 14 2017, 11:05 PM
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QUOTE(TOMEI-R @ Mar 14 2017, 11:01 PM) Aud and Sgd took a slight dip today. Didnt seize the opportunity?  Took. If it drop some more tomorrow will tambah some more
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Ramjade
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Mar 16 2017, 07:46 AM
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QUOTE(kopifan @ Mar 16 2017, 07:36 AM) All forex (except USD) spiked vs MYR after 0.25% rate hike AUD +2.1% NZD +1.6% EURO +1.3% GBP +0.9% SGD +0.8% Gone la. Another round of decreasing RM
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Ramjade
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Mar 16 2017, 10:55 AM
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QUOTE(wu ming @ Mar 16 2017, 10:53 AM) Relax don't need to panic. Najib will do something. If you are sitting on huge cash, yes, But BNM have limited moves,
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Ramjade
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Mar 16 2017, 04:14 PM
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QUOTE(TOMEI-R @ Mar 16 2017, 04:08 PM) Itu dia... SGD 3.163 at fav money changers as of today. AUD at 3.435.  I think it might tank to back to 3.155 once the euphoria is over...
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Ramjade
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Mar 16 2017, 04:28 PM
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QUOTE(TOMEI-R @ Mar 16 2017, 04:19 PM) I would disagree. SGD is known to go up and rarely comes down. Well we can always hope
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Ramjade
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Mar 17 2017, 10:04 AM
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QUOTE(kopifan @ Mar 17 2017, 07:44 AM) Which money changers? I saw sell @ 3.17/3.42 Pavillion, buy @ 3.15/3.38 At this rate 3.28/SGD and 3.51/AUD reachable soon?  Go check midvalley la QUOTE(Hansel @ Mar 17 2017, 09:59 AM) Yeah,... the MAS said to investors last night that they do not intend to lower the SGD band in the coming policy meeting in April because the economy looks okay now,... if this happens, then the SGD will run faster up against our RM,... don't know wished to be happy or sad here ! Like that 3.2 is possible
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Ramjade
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Mar 17 2017, 10:16 AM
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QUOTE(Hansel @ Mar 17 2017, 10:14 AM) I saw the econ numbers,... I keep thinking why the 'f' can their economy improve when almost everybody else is struggling ??? Couldn't be they're bs-ing their numbers,... So their no. did improve? I don't think SG will cheat/alter the no. right...
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Ramjade
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Mar 17 2017, 01:04 PM
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QUOTE(wu ming @ Mar 17 2017, 01:00 PM) Today rates at money changer a bit too high. I think wait to cool down first. You are changing what to what currency? USD ok. Actually drop vs other currency. Can change that. This post has been edited by Ramjade: Mar 17 2017, 01:04 PM
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Ramjade
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Mar 17 2017, 01:23 PM
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QUOTE(wu ming @ Mar 17 2017, 01:21 PM) USD also UP lah against MYR. 4.438. How can you say it's up?  It used to be 4.45-4.46
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Ramjade
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Mar 17 2017, 01:33 PM
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QUOTE(Aurora Boreali @ Mar 17 2017, 01:27 PM) Hi peeps, I asked this in the FSM thread but wonder if you guys here have a different view point. I recently came back to Malaysia after close to 2 years of earning foreign income and brought back with me some foreign currency (from the former land of convicts) which is sitting in my FCA now... With the current weakening RM, should I convert it out to RM and then invest in funds or should I just keep it in the FCA without earning any interests to hedge against the historically downward trend of RM? Dilemma. Sifu please advise  Never hold RM as it will depreciate over time. Only hold sufficient RM for you to survive say RM30k should be enough. Anything more, just park overseas. 3rd round of interest hike have already drop the RM against other currency. What will subsequent interest rate do?
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Ramjade
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Mar 17 2017, 01:41 PM
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QUOTE(Aurora Boreali @ Mar 17 2017, 01:35 PM) No I see. It's now in Malaysia FCA not overseas anymore because tax reasons My question is more should I convert it out to invest? Because it's sitting duck doing nothing in my FCA in Malaysia You are no longer staying there. So you will be taxed with holding tax. But consider this. a 6% in in AU (after tax) vs a 6% returns with depreciating currency yearly, I think the choice is clear.
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Ramjade
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Mar 17 2017, 05:07 PM
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QUOTE(lowya @ Mar 17 2017, 05:02 PM) in what form and with what method you would advise? To park overseas? - I recommend dividend giving stocks (not chasing growth) - ETF if the person have acess to good ETFs. Better than parking in malaysia foreign currency account where you cannot withdraw in that currency and no interest.
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Ramjade
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Mar 17 2017, 05:11 PM
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QUOTE(Aurora Boreali @ Mar 17 2017, 05:05 PM) Thanks! Many interesting viewpoints here. As far as investment goes I've only ever played with unit trust funds and even then I am extremely risk averse. Hence I am not familiar with stock trading. Anyway thanks for all of your input, I will need to digest the below and make my decision  I am also risk adverse that's why so far I invest in S-reits only.  put money inside, every few months collect dividend. If something bad happen, deploy the dividend back into the stocks I am holding. I don't know if AU have something like FSM. If you want to go the UT route, need to know the basics. I learnt the basics from FSM MY thread. Apart from S-reits, I am going with SG UT.
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