There were periods of time in 2011 when it was below 3....

Half....and comfortable with that level....still need to live and spend here, not migrating....

Going forward, if opportunities arise (ie periods of strong myr), will move more out....just need to keep enough for local spending....rest is cheap overseas holiday money....lol

that "bailout" is mildly positive on the short term....and very negative on the intermediate term....it is not a bailout per se, but a pawning of the country....

don't believe for a minute prc is doing this out of the goodness of their heart....paybacks will be needed, in terms of pawning msian assets and approval of over-priced projects like east coast railway...

eventually prc will want to be paid....and it will come from future taxpayers....including your children....

this cannot be good for the currency in the mid to long term....

No need wait....long queues already at mvm now....

In a way, that's a very msian thing.... raising prices....so there is merit for the old fixed price system....

Other countries prices fluctuates daily....nobody raise prices....

You all should find some Aussie tourists to change with....Mel airport currently gives them myr2.79 for aud1....lol

only works if the property market is real, with little of no speculation, ie the value is based on cost plus....

in a bubble market, price depreciation is real, in spite of currency devaluation....subprime/2008 is a perfect example....

so how much of msia's property market is in a speculative bubble?....

Eh.....Look at your map lah.... Brunei is just as far as Singapore from kuching....And harder to go, as no direct flight....By road, it's a 12hr journey....

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....

it's callable in just over a year, so it will likely be called, as 7.5% is too high.....

read carefully what i wrote again...

and hello....there are 3-4 direct flights a day between kuching to singapore.....

i believe there is no trading during the weekends, so there should be no movement till the market opens early tuesday morning in nz....

the above chart is difficult to interpret as the scales are different for each currency....

It is a good way of asset preservation in the very long term window....But because it lags acute events, and very iliquid, so not wise if your window is short....Less than say 5 years....

actually...they have prohibited such uses even before....but what is new from this year is, those converting will now need to sign a declaration the money will not be used as such....

not sure how much compliance there will be....how is the chinese gov going to check?...

when i was moving big sums in 2015, i already had to sign a declaration, and give the bank a copy of the s&p of the property i was buying...but no restrictions....was just for the record....my "big sum" is peanuts compared to mo1...

i think if you have legitimate reasons, and your money is "halal", there is nothing to fear....

This post has been edited by limeuu: Jan 4 2017, 10:29 AM

Blocked....

not just in the us....uk, oz and nz equally affected....

USD retreating...

That is correct...And it works the same way whether you carry pieces of paper in your pocket, or a piece of plastic...