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.

This post has been edited by AVFAN: Mar 9 2017, 11:29 AM

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.

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

This post has been edited by AVFAN: Mar 9 2017, 11:54 AM

I believed they will continue with the peg. Cannot afford to show the "strength" of the RM right?

I'm also thinking like the above, Showtime,... BUT there have been instances in past hikes whereby as the news to the hike gathers steam, the USD will strengthen strongly,....... and then AFTER the hike, or even upon the hike, the USD weakens back,....

And that... is a possible scenario.

If that will be the case, $ drops, RM follow?

If RM follow, it will drop against all other majors... sgd, aud...

So, better buy fx now or later?

Just hv to hold a view n run with it.

If diversified already, it may not matter much overall.

NZD is dropping drastically, anyone knows why?

Just google.

Milk powder prices falling.

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 ...

My approach is simple.

No need to overthink, over calculate, over anticipate.... the info is never all there in the first place.

IF want to buy, just buy in the quantities u need.

If no need, or no use for the fx, dun buy.

I have bought.

Now, i wait for month end, see what happens then.

If favorable, i will cash out the amount i planned.

Need some RM to help out the flagging economy here.

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

Correct. Wont be able to change all at once. So change a bit at a time. So whether it drops for increases, we wont lose too much either. Only downside is you wont earn much either. For me, unless SGD drops to 3.05 to 3.1, I wouldn't put all my eggs in the same basket at the same time.

How about nzd? Drop from 3.25 to 3.15. will it drop again.?

SGD run up this round is only ~ 40% in term of time-frame imho

Maybe strong support at 3.03?

I think it's weekend hence money changer hike the price. Hopefully nest week drop.

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.

This post has been edited by TOMEI-R: Mar 11 2017, 04:03 PM

Like week also same thing. SGD went up during the weekend and drop on weekdays.