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?

I saw the tittle become USD/ MYR 5...dem...

I dun think official inflation rate will exceed 3% next yr

The ruling is the exporter must bring back the export proceeds into the country, ie repatriate back to a licenced Msian onshore bank, within three months after the transaction. Hence, the exporter can wait and wait till the RM strengthens before TT'ing out from the overseas acct where the fund is parked.

Or,... the exporter may give a 6-month credit term to the overseas customer, then the overseas customer pays in 6 months time into the overseas bank acct., and the 6-month 'bringing-back period' will be for another 6-months from thereon. All in,.. one year to bring back and convert into the RM,....

This was what happening prior before the new rules.

But if company continue to do this after the new rules set, then it clearly break rules.
Not something company want to do to disobey what BNM or authority has ordered.

from what i see in the last few days...

.. the exporters saga has indeed curbed the offshore volatility.
.. bnm continuously intervening to hold at 4.4x.
.. net buying or selling $, we won't know until next fx reserves report or they say something.

it will take bigger movements in the $ to know for sure.

fri morning after fed move will probably reveal something.

still, in the longer term, we are back to the same thing - what will help the RM appr sustainably?

really, i do not think u know what u r saying.

if usa gets another major crisis like subprime 2007, all countries will suffer.
the small poorly managed ones incl msia will hurt even more.
u do not want that to happen.

The next US financial crisis and response will be unlike 2008.

Believe the kangkong land has yet to experience the aftershock of US tapered QE.

gold really bleeding atm and our rate is way to low for fd returns. I think they should start pushing up the rates soon. them as in BNM

so you are saying it's better to start buying gold in myr terms now?

True to that. But we cant be converting all our money into foreign currencies. There is always a gut feeling / worry that the will appreciate a lot after we changed all into foreign currencies. So we have to keep in balance what we plan to do with our cash.

Frankly,... with the current condition of this country, what sort of increase in interest rate will attract investors back here ?? I don't think 25 bps will be enough,..

Compare with Indonesia, Thailand and similar countries. You just want to feel good then go ahead.

question to all the vets here. I am investing all my money through unit trust which is all in Ringgit malaysia.

so lets say I convert my money to Singapore dollars at the money exchange. which is what some of you are doing. converting out. what do you do with the hard cash anyways? or I'm getting wrong message reading this thread? when you say convert out how do you all do it?

thank you. looks like none of this is for me as it's either you lose or either you win unless you move alot of cash. being in kuching is a handicap where we need to charter a flight just to go to Singapore

4. buy foreign equities with foreign brokers.
.. harder to open account now with say Interactive Brokers, Ameritrade.
.. money to be TT'ed subject to same new BNm rule of RM1mil.

Does it mean you can direct TT to other countries in USD terms, just that they will convert your MYR to USD on the go while TT?

For cases like parties who only accept certain global currencies like USD EUR GBP

And also known that bank conversion rate are not as attractive as money changer rate, unless there are banks who allow foreign currencies cash deposit

Just trying to understand this and any other charges that I should aware of

Bro here is an expert too,... guys, if you read back my posts here, you will see I have earlier mentioned many times to open a DBS MCA Acct, BECAUSE THIS ACCOUNT ALLOWS YOU TO BANK IN FOREIGN CURRENCIES OVER THE COUNTER.

I can see the light has finally dawned on why this is very impt. ...

Bro,.. I know of moneychangers who are able to do TT, but the countries are limited. Theycan do only to countries like Bangladesh, India, Myanmmar and one or two other countries. But NOT to Singapore, Australia, Canada,....

Expensive rates, bro,.... see for yourself,...

SG and AUS started strongly this morning :-

1) SG's economy GREW strongly in Q4,...

2) AUS Indices starts strongly this morning,....

Edited grammar errors.

Bro here is an expert too,... guys, if you read back my posts here, you will see I have earlier mentioned many times to open a DBS MCA Acct, BECAUSE THIS ACCOUNT ALLOWS YOU TO BANK IN FOREIGN CURRENCIES OVER THE COUNTER.

I can see the light has finally dawned on why this is very impt. ...

Bro,.. I know of moneychangers who are able to do TT, but the countries are limited. Theycan do only to countries like Bangladesh, India, Myanmmar and one or two other countries. But NOT to Singapore, Australia, Canada,....