I'm afraid of what's going to happen after the recent GE outcome.

I have some MYR in FDs but I am wondering if I should convert them to SGD or choose USD?

But, where to keep those money after conversion?

agree. that’s how i view SGD long term, not bringing back. in case one day MYR becomes turkish lira hahaha

I only put long term and exchange when you need it when the rates favourable otherwise you just losing it to others to enjoy

Let the next gen earn themselves instead of harping from current generation 🤦‍♀️

So many places you just to need to know where is secure and accessible anytime

Won’t be like Turkish lira because by the time before it happens white flags all around and riots will happened before that 🤦‍♀️

Just invest it. If you are holding SGD, just buy their banks giving 4%p.a and increasing every year automatically 6-7% (being conservative here) or buy their reits. Giving 5-7%p.a and growing automatically 0-2%p.a

If US so many choices.

Well, I am not a spender...now I want to be a minimalist....material objects doesn't interest me...more objects to me, is just more stuff to manage which I don't want. I only spend money when necessary, not because I am stingy, but because I am just not interested. Hence might as well leave the money for my waris.
What I truly enjoy is something which I need to do, which doesn't requires lots of money once the basic tools are acquired. Needs lots of time and efforts...not so much money.

The only thing which I spends big are probably travel, but I dont do it often. And the older I get, probably the less I will travel since can't walk already by that time.

Just wait BNM next policy meeting as they will definitely hike 25 basis point to 3% which their average OPR and back to pre pandemic levels

You learnt from me !

OPR is not equal to FD 🤦‍♀️

It is just a policy rate in order for the banks to transact money

Why FD is higher because some banks are desperate for money or liquidity hence offering higher % to exchange your time for it?

Not necessary true RM been depreciating even OPR increase 🤦‍♀️

RM is now tied to several factors mainly domestic macroeconomics and China trading performance with Malaysia

The recent drop is due to China macroeconomics news mainly as you can see that China Covid lockdown news affecting Asian currencies

RM is only most traded onshore hence any global macroeconomics have small bearing on it

Back to 4.52, not bad.

That was fast.

Nice, hopefully 3.20

Factored in PM10 good news tracking USDMYR instead as SGD follows USD using NEER policies 🤦‍♀️

Ringgit bulldozed today, hopefully the momentum is there

Now breaking 4.48 territory and should be 4.40 come formation of cabinet by Monday

SGD 3.25 very fast achieve 3.20

I am looking forward to it
More cash for my investment

Great
Christmas is coming
It is time for a long awaited vacation

I wait next week to change more Yen. Going to Japan. 🤩