Then from the above sentence in bold,.. it is good enough to have some funds in the SGD ! Short term fluctuations is not a problem !

Bro,... you are funny,......

Bro Ramjade,... where are you actually based ? You 'keep dodging' this matter,...

"reduce speculation of the currency"

is that part of a blame game on a created fictitious enemy?

WHO is speculating the RM?

how can anyone do that in a meaningful way when it is not traded offshore like other currencies?

or foreign investors selling bursa and mgs are "speculators"?

or anyone selling RM to convert to other currencies for whatever purpose but complying with new rules are "speculators"?

i wish somebody can explain who is speculating, how much and how!

and why doesn't any of the top guns want to talk about the root reasons for lack of confidence?

This post has been edited by AVFAN: Jan 13 2017, 08:01 PM

I wonder when are they going to reach down to public converting own funds to foreign currencies,...

I believed soon if more people continue to change. Well they can always reduce the amount people can change per day. Right now it's at RM50k. They can change it to RM30k, then RM10k, then...

Already anything above RM3k needs IC.

This post has been edited by Ramjade: Jan 13 2017, 11:18 PM

on this, do read what turkey is doing for its lira now.

the lira lost 17% in 2016 and another 10% in first 2 weeks of 2017.

crisis of confidence - terror, low reserves, people keeping fx under their pillows, etc.

like here, very reluctant to raise int rates but did so in nov 2016, not much help.

now, tightening liquidity, raising interbank borrowing costs, expected to raise rates again soon.

but i have not read anything about capital controls, stopping people from changing money.

This post has been edited by AVFAN: Jan 14 2017, 01:51 AM

turkey still wants to join the eu....if they even hint at capital controls, there goes their chance for another couple of decades...

Then is just a question of investing return > negative differential in MYR:SGD between transaction and pre/post transaction

PERSONALLY I think SGD will test the 3.3 region towards the end 2017

PERSONALLY I think 3.5 region is possible next year

in fact, has history shown any currency appreciate back by that much? who knows some day it will be back to 1 to 1. lol

the rm/sgd rout sharpened in 2015 and continued in 2016, in tandem with rm/usd.
but yes, the direction has been same and clear for last 10 years.

of course.
compare 6% pa roi in sgd with 4% in rm.
with sgd/rm gaining 7-8% a year.
this is not fictitious, been like that for last 2-3 years for certain types of inv.
many people here did that going back 1, 2, 5 years ago.

it is futile to try to guess what the ex rates will be.
but good enough to come to a conclusion about the DIRECTION from this point.
for yrself and hence yr actions.
if no action, it's just academic, for fun, for forum talk only.

some thoughts on the future direction...
.. what root causes in last 2 years?
.. will these root causes u-turn and reverse?
.. are major things being done to reverse the trend or same or more of the same?
.. are the same people still in charge doing the same things going in the same direction?
.. never mind the local experts - they always say what is politically correct.

it is simply not possible in a capitalist model for a currency to strengthen on its own while the internal resources are not put to good use but wasted, leaked or vanished - over decades.
if it is possible, there will be no poor nations, no poor people on the planet.

This post has been edited by AVFAN: Jan 14 2017, 10:46 AM

totally unrealistic. lol.

well...in the 70's it was >400yen to the usd.....now it hovers around 100yen....

japan can....

PERSONALLY I will watch out for 3.5 region first. 4 a bit out of my time radar

If not mistaken he stay around Klang area there
U know now got a lot foreigner population in town area..

Again... another round of 'promising' statement in the hope of improving the Rm. Hopefully it does happen rather than 'cakap kosong'.

since when did a local expert has said otherwise?!

it is never a straight line but with ups and downs.

impt thing is whether it is directionally up or down - from this point - and why.

This post has been edited by AVFAN: Jan 14 2017, 08:50 PM

doubt they will be accepted after the failed coup. it sounds like another failed arab states than european country

Morning..
USD $4.45 today

AUD $3.35

SGD $3.119

Looks like SGD going to match AUD soon while RM takes a forever plunge.

This post has been edited by TOMEI-R: Jan 15 2017, 12:05 PM