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 USD/MYR v5

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TSwil-i-am
post Dec 7 2016, 04:24 PM, updated 9y ago

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Continue from
v1 : https://forum.lowyat.net/topic/3461956/+2500
v2 : https://forum.lowyat.net/topic/3704916/+2440
v3 : https://forum.lowyat.net/topic/3793092/+3300
v4 : https://forum.lowyat.net/topic/3995728/+3100

2014
31/12/2014 - 3.4965

2015
31/3/2015 - 3.7035
30/6/2015 - 3.7730
30/9/2015 - 4.3955
17/12/2015 - 4.3135 (US Fed Reserve increase int rate)
31/12/2015 - 4.2935

2016
29/1/2016 - 4.1550
29/2/2016 - 4.2050
31/3/2016 - 3.9020
29/4/2016 - 3.9035
31/5/2016 - 4.1290
30/6/2016 - 4.0225
13/7/2016 - 3.9865 (BNM reduce OPR by 25bps)
31/7/2016 - 4.0535
30/8/2016 - 4.0495
30/9/2016 - 4.1455
31/10/2016 - 4.2040
30/11/2016 - 4.4660
30/12/2016 -

*29/9/2015 - 4.4565 (Highest)
*29 & 30/11/2016 - 4.4660 (New High)

TSwil-i-am
post Dec 7 2016, 04:25 PM

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Reserved
TSwil-i-am
post Dec 7 2016, 08:07 PM

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Ringgit seen stabilising in 1Q2017 - Miti
http://www.theedgemarkets.com/my/article/r...ing-1q2017-miti
TSwil-i-am
post Dec 8 2016, 08:49 AM

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Jomo: Loss of confidence in government a key dampener of ringgit performance
http://www.theedgemarkets.com/my/article/j...git-performance

The writing is on the wall
TSwil-i-am
post Dec 8 2016, 02:49 PM

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QUOTE(AVFAN @ Dec 8 2016, 01:20 PM)
long time ago, rm1 = baht 11
2014 rm1 = baht 10
2016 rm1 = baht 8

ya, nothing wrong, only usd strong, other currencies also falling bad, all is speculators fault.
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They have nobody to blame but speculators
M not surprise they will blame karma later on
TSwil-i-am
post Dec 8 2016, 06:05 PM

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MYR appreciate gradually fr 4.4480 on 2/12 to 4.4290 today
I presume MYR is doing some soul searching now
TSwil-i-am
post Dec 8 2016, 09:02 PM

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QUOTE(bbgoat @ Dec 8 2016, 07:02 PM)
Agreed. My purchase history of USD, using TT:

Aug 2015: 3.96
Jan 2016: 4.45
Aug 2016: 4.04

I hope Jan 2017 it stable at current level or best still, go to 4.0x.  thumbup.gif
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Unlikely to move so drastic unless exceptional events
TSwil-i-am
post Dec 8 2016, 10:00 PM

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Bank Negara to iron out admin processes following latest measures
http://www.thestar.com.my/business/busines...atest-measures/

BNM under pressure fr industry players to calibrate its measures
TSwil-i-am
post Dec 8 2016, 10:37 PM

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Nomura Has 10 'Gray Swan' Risks That Could Roil Markets in 2017
https://www.bloomberg.com/news/articles/201...markets-in-2017

1 of them is capital controls in emerging market sweat.gif
TSwil-i-am
post Dec 9 2016, 12:09 PM

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QUOTE(icemanfx @ Dec 9 2016, 11:00 AM)
Inflation will accelerate bank interest rate rise.
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I dun think official inflation rate will exceed 3% next yr
TSwil-i-am
post Dec 9 2016, 12:12 PM

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Exporters’ reluctance to convert proceeds to ringgit causes imbalances
http://www.thestar.com.my/business/busines...ses-imbalances/

As usual, blame exporter/speculator n the list goes on doh.gif
TSwil-i-am
post Dec 9 2016, 12:19 PM

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QUOTE(Ramjade @ Dec 9 2016, 12:17 PM)
You believed official inflation rate? hmm.gif For inflation in malaysia, best to look at your average nasi lemak index.  cry.gif  mad.gif  bangwall.gif
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I know it's not true
Having said tat, policy makers will rely on 'official' numbers
TSwil-i-am
post Dec 9 2016, 01:02 PM

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QUOTE(Parrot @ Dec 9 2016, 12:58 PM)
That's an unrealistically optimistic projection. His simplistic view of factors that could spur an appreciation that steep isn't helping either.
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Anyone can give prediction as they won't b penalize
Having said tat, it's up to reader to digest n make decision
TSwil-i-am
post Dec 9 2016, 09:32 PM

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QUOTE(bbgoat @ Dec 9 2016, 02:47 PM)
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
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I wud say it's a bit of Luck at d point of purchase since u need to buy regardless of the prevailing rates
TSwil-i-am
post Dec 9 2016, 10:38 PM

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QUOTE(mujinkun @ Dec 9 2016, 03:42 PM)
Actual inflation would be near 10% if official is 3%...
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I have to agree with u as f&b is a solid example
TSwil-i-am
post Dec 9 2016, 11:18 PM

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QUOTE(Xnet @ Dec 9 2016, 07:53 PM)
Thats the scammer's crystal ball prediction
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Hahaha...
U still remember him/her
Anyway, 5 is unlikely for the time being as Banks imposed a lot of stringent process by requesting a lot of supporting docs
TSwil-i-am
post Dec 9 2016, 11:36 PM

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QUOTE(AVFAN @ Dec 9 2016, 11:33 PM)
fresh reads:
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Lets monitor whether MYR can stabilize ard 4.40+/- until end of tis mth as trader/investor r awaiting @ sideline to cash out the moment it start to appreciate
TSwil-i-am
post Dec 10 2016, 02:20 PM

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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
TSwil-i-am
post Dec 10 2016, 02:23 PM

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QUOTE(AVFAN @ Dec 10 2016, 10:18 AM)
as of last night, $ resumed strength, index at 101.60

$ gained against euro, yen, sgd.

but $/RM flat at 4.42... bnm continuous intervention?

opec-non opec meeting today is the one to watch.

a significant outcome will have impact on oil price and hence the $.

next week, incl fed dec 14 will be key to watch currency movements.
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M surprise to note tat M'sia was invited to attend non OPEC meeting
Not sure whether M'sia will join d alliance to cut or maintain status quo hmm.gif
TSwil-i-am
post Dec 10 2016, 02:53 PM

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QUOTE(Avangelice @ Dec 10 2016, 09:08 AM)
funny when I head people convert but what happens to that foreign currency AFTER conversion?
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I presume there r various reason(s) as to y Ppl change

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