Welcome Guest ( Log In | Register )

Bump Topic Add Reply RSS Feed

Outline · [ Standard ] · Linear+

 USD/MYR v5

views
     
Parrot
post Dec 7 2016, 06:57 PM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
QUOTE(wil-i-am @ Dec 7 2016, 03:24 AM)
» Click to show Spoiler - click again to hide... «

*
I remembered when the RM reached as low as 3.15. It's nowhere near the pre-'97 financial crisis lows of 2.50, but it was still reasonable.
Parrot
post Dec 9 2016, 12:58 PM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
QUOTE(nexona88 @ Dec 8 2016, 09:43 AM)
Ringgit To Strengthen To RM4.00 Against US Dollar In 2017: Trade Expert
http://www.malaysiandigest.com/business/64...ade-expert.html

Hmm boleh percaya kah  blink.gif  biggrin.gif  laugh.gif
*
That's an unrealistically optimistic projection. His simplistic view of factors that could spur an appreciation that steep isn't helping either.

This post has been edited by Parrot: Dec 9 2016, 12:58 PM
Parrot
post Dec 9 2016, 02:55 PM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
QUOTE(nexona88 @ Dec 9 2016, 01:03 AM)
Saw in newspaper today, got few predictions for 2017 for myr/USD rate..

Affinhwang - 4.10
Ambank - 4.48
Barclays - 4.57
Bimb - 4.20
BNP - 4.75
Citigroup - 4.43
HSBC - 4.50
Maybank - 4.15
Nomura - 4.76
Rhb - 4.20
Uob - 4.35

So which is the choice laugh.gif
*
An average of the projections seems reasonable. Around 4.3-4.4 average for the year, assuming the local and international turmoils continue to simmer the way they are.

QUOTE(bbgoat @ Dec 9 2016, 01:47 AM)
For me, when I need to buy, I just have to buy USD.

But now thinking of buying some foreign retail bonds. So may see when RM strengthen, go for some foreign retail bonds. Level ? Say 4.0 to 4.2, lets say.  biggrin.gif
*
Going to start up doing art commissioning in USD prices by the end of the month, since prospects are better as ever. I was also told I could eventually set up a foreign currency account if I accumulated enough USD.

This post has been edited by Parrot: Dec 9 2016, 03:05 PM
Parrot
post Dec 9 2016, 03:32 PM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
QUOTE(nexona88 @ Dec 9 2016, 02:20 AM)
if u look, seems like most local one give lower prediction like affin, maybank, bimb & rhb while those foreign one give higher prediction rate like Nomura, BNP & Barclays  cool2.gif
*
It's hardly surprising.

One side's overly optimistic while the other is overly pessimistic, just like local and foreign media. Chances are it's going to be middling. Not so bad, but not so good either.
Parrot
post Dec 9 2016, 03:56 PM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
QUOTE(nexona88 @ Dec 9 2016, 02:42 AM)
well I think we could conclude it's would be around 4.35 - 4.45 range as the middle ground  dry.gif
*
Seems reasonable.

This post has been edited by Parrot: Dec 9 2016, 03:59 PM
Parrot
post Apr 25 2017, 04:58 AM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
Man, thread's been rather dead lately.
Parrot
post Apr 25 2017, 07:36 AM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
QUOTE(Showtime747 @ Apr 24 2017, 06:19 PM)
Dips below 4.400 at 4.399.
*
I know. Some /k/tard made a big flipping deal about something as unremarkable as this. It's still a weak rate, and as I projected months back ITT, the value continues to hover stubbornly at that level.

QUOTE(Showtime747 @ Apr 24 2017, 06:19 PM)
Looks like many here are vested in USD  biggrin.gif
*
I happen to have USD funds in my business Paypal account tied to my old OCBC (M) savings account. I'm all for holding USD reserves but I do need to convert some of the money back to MYR to acquire a replacement PC.

Not sure how to proceed though.

This post has been edited by Parrot: Apr 25 2017, 07:43 AM
Parrot
post May 1 2017, 09:09 AM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
Just popping by to ask. Can someone explain why the our currency suddenly appreciated by 5 cents to the USD in 4 days? What's driving the USD to fall?

Also, should I just cash in my USD funds from my Paypal into my local bank account now?

This post has been edited by Parrot: May 1 2017, 09:16 AM
Parrot
post May 1 2017, 09:47 AM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
QUOTE(Ramjade @ Apr 30 2017, 08:37 PM)
For what? It will drop back to 4.4x after election.
*
I'm getting the funds for a new computer and I can't tell if the appreciation doesn't stop there. The GE is still months off and I need the hardware urgently.

This post has been edited by Parrot: May 1 2017, 09:50 AM
Parrot
post May 5 2017, 10:55 AM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
Well, this thread really died out. What happened?
Parrot
post May 5 2017, 12:43 PM

Casual
***
Junior Member
422 posts

Joined: Apr 2007
From: Somewhere. Isolated from the rest of you pukes.
QUOTE(Ramjade @ May 4 2017, 10:23 PM)
Because RM rebounded. Wait for RM to slide then you see all the regulars come out again to bash RM  sad.gif
*
Huh. Now that you mentioned it this topic is no older than two years and a half (https://forum.lowyat.net/topic/3461956), starting right at the start of the slide from 3.20. It really brought people out the woodwork, doesn't it?

This post has been edited by Parrot: May 5 2017, 12:46 PM
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

Add ReplyOptions
 

Change to:
| Lo-Fi Version
 0.1097sec    0.58    7 queries    GZIP Disabled
Time is now: 3rd December 2025 - 06:29 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.