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 USD/MYR v5

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ILoveLalat.net
post Dec 7 2016, 05:05 PM

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Today it climbed down to 4.42. Very strong resistance at 4.50 it seems.
ILoveLalat.net
post Dec 7 2016, 10:32 PM

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QUOTE(TOMEI-R @ Dec 7 2016, 07:31 PM)
Climb up you mean?  tongue.gif

Most money changers were out of stock for USD today because of the slight recovery. Too many people waiting to change or money changers are keeping because they expect the currency to dip lower? whistling.gif
*
I play the opposite. So it's not good for me. tongue.gif Anyhow, have to average down, maybe take profits first.

QUOTE(Avangelice @ Dec 7 2016, 07:53 PM)
very curious of how those people actually make money out of constant conversion of hard cash through money exchangers.

Do they know by converting two times, part of their money goes into the money exchangers?
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Actually, it can be the same for if one is playing forex as trading commission comes into play. I know you are referring to the spread the money changers charge but I prefer currency options myself. I do not have a forex account, nor forex options, so I have to live with this, what to do.

This post has been edited by ILoveLalat.net: Dec 7 2016, 10:38 PM
ILoveLalat.net
post Dec 8 2016, 06:53 AM

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QUOTE(TOMEI-R @ Dec 7 2016, 11:22 PM)
So you are one of those 'speculators' who are causing the RM to dwindle! flex.gif
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More on the hedging side. If I am really the speculator here, then I'm a goner.
ILoveLalat.net
post Dec 8 2016, 04:00 PM

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QUOTE(spiderman17 @ Dec 8 2016, 02:13 PM)
I started moving from 0% in 2012 to almost 80%. Exclusively USD exposure (no sgd, aud etc).
I think I went overboard since I'm planning to retire here. Now scaling back, targeting 50% max, and may also diversify out from usd.
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You really got guts to do this. Especially at a time that things are quite unpredictable. flex.gif
ILoveLalat.net
post Dec 16 2016, 05:15 PM

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QUOTE(nexona88 @ Dec 16 2016, 04:25 PM)
wow just wow

even BNM rate is already 4.47 MYR

so close to reach 5.00 devil.gif
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4.47 to 4.50 is the point of heavy resistance. Breaking this trend may bound for more weakness towards 4.7.

We are really close, if this break. Gone case.
ILoveLalat.net
post Jan 20 2017, 10:36 AM

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QUOTE(SkyZ3312 @ Jan 19 2017, 10:40 PM)
For me i collect Aud from Malaysians workers in Australia.. their tt rate is 3.19 and need to wait 3-10 days sometimes with 10 aud service charges.. o just bought with them 3.207 and instant tranafer to their acc in malaysia.. so if i wanna change hard cash from MC today rate is 3.36..although it's small amount but in one month if i transfer it back to Sg or Mal currency bank i still earn some bread money 😉😉
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Yeah, AUD also is gaining in strength, holding some AUD from 2.80, but seriously things are getting worse from here on. blush.gif
ILoveLalat.net
post Jan 21 2017, 10:50 PM

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QUOTE(TOMEI-R @ Jan 21 2017, 07:06 PM)
I thought some mention that we should wait for AUD to fall abit during early Jan-Feb because of some reason. Seems like its not happening. hmm.gif
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Why should it fall? The key commodity prices are slowly climbing its way up. Ours should too, but it is not even moving at all. doh.gif
ILoveLalat.net
post Jan 22 2017, 09:42 AM

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QUOTE(SkyZ3312 @ Jan 21 2017, 10:52 PM)
Yeah.. i also think so bro.. it has reach the peak.. i think now RMB ahould be a nice choice to xonvert it too
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RMB should be target next as there are plans for the currency to be free-floated.

 

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