Seeing the rate over this few days, especially after the BNM announcement last Friday, I have a feeling that 4.4x is the support level for RM. When calm returns, RM might appreciate back to 4.0x

This has happened before last year. Panic selling makes RM went to ~4.5x. Then in the next few months, it appreciated back below 4.00

wonder if can ever reach Aug 2015 rate back       

Unlikely to move so drastic unless exceptional events

u sound very frus and desperate! 

jan is < a month away.

watch dec 14, fed hike imminent.

i give 4.0x 5% chance, 4.3x 35%, 4.4x 60%.

and i see BNM continuous intervention using reserves to keep it <4.50.

Anyone can give prediction as they won't b penalize
Having said tat, it's up to reader to digest n make decision

I wud say it's a bit of Luck at d point of purchase since u need to buy regardless of the prevailing rates

RM likely to trade between 4.42 and 4.35 against USD next week
http://www.nst.com.my/news/2016/12/195846/...t-usd-next-week

I presume a lot of Ppl will q up to change if MYR were to hit 4.35

Hahaha...
U still remember him/her

$ index down to 102.6x, profit taking.

RM still just under 4.48.

banks should be selling USD at >4.50 now.

money changer...?

Did the RM explain why the strengthening in tandem with usd?

I don't think one needs to become an "expert" to know USD is super strong now... 

that is surely one way to look at it. just like when RM was 4.0, all has been priced in.

but i think besides trump major actions (with china, mexico, whatever) if any, a lot will hinge on how the market will view fed's "several hikes coming" talk. many don't believe it will do that in 2017, so, that is NOT fully priced in. it's a continuous game, very fluid.
i look at BNM, bloomberg and XE.com data.

do u not see it has "graduated" from 4.47x to 4.48x in the last few days?

i also noticed that the korean won has dived a lot more while the RM stayed good.

so, think about a winter holiday in seoul soon.

Tq AV,.. bbgoat and Tomer fro your good insights and opinions,... I don't know what else to comment upon,... so much uncertainties now.

Think I'll just continue converting out my RM !

this question, in both general and specific sense has been asked many times in this thread.

there is no single answer but a list. diff people use diff ways according to the amount, individual needs, risk appetite, cost and convenience, e.g.

1. buy foreign notes at money changer, keep under mattress.
.. easiest, good rates, small amounts, not an inv, only FX risk.

2. buy foreign notes at money changer, put in bag and travel abroad to deposit.
.. subject to FX/immigration laws, risk of theft n robbery.

3. buy foreign equities with local banks/brokers.
.. easy to do, but high brokerage fees, potentially high spread.
.. new BNM rule says for individual, limit is RM1 mil minus outstanding RM loan liability (1 house exempted, i believe); no limit for those w/o loan.

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.

5. buy with DCI or dual currency inv accounts with local banks.
.. useful for those expecting to actually use the hard currency when time comes.
.. the usual FX risk for those who do not plan to use the foreign currency.

this one, i do not know.

but given current BNM rules, i would expect the same tight rules.
everything must go thru RM.
the ex rate spread will be most impt to know - for both buy/sell and coupon payments.
will be bad if say, the total spread+other charges is 2% when the coupon rate is 4%.

if u can share some details, terms & conditions of these bonds, can get more comments.

there are no $, yen, SGD, AUD bonds that have such high yields like 7%... maybe junk/high risk bonds?

or are these "projected effective returns" in RM?

if so, that mean the projection is saying RM will depr!

you will not get high yields on high rating bonds...but semi "junk" bonds with BBB rating can give reasonable yields....coupons of 5-7+%....and can be from strong companies, eg HSBC etc...

however, their prices on the secondary market is of course pretty high, so the effective yield will likely be 3-5% only....

the msian investment banks normally have a minimal purchase of rm250k equivalent...not the foreign currency...

usd is still pretty "cheap" money....and can still be geared....so an option is to borrow to buy....the investment bank will allow 50-70% gearing.. interests is currently about mid 2+%....so by gearing 70%, and choosing carefully, it is possible to bump up the yield to 7-9%.....

i have usd bonds bought when usd was 3.2....coupon 7.5%, bought at 4% premium, geared 70% hence yielding 11%....yields will drop as the usd borrowing cost goes up....

do u know when those bonds were launched and at what price?

for bonds, better look at yield rather than coupon rates.

By this evening,..

USD - 4.4441
AUD - 3.2199

RM might strengthen further tomorrow,... and then on Monday,.... before works starts on Tuesday !