I think it's MIDF jokers that said 4.3 by end of year.

https://theedgemalaysia.com/node/688948

KUALA LUMPUR (Nov 6): MIDF Research said the ringgit is likely to appreciate towards the end of the year, on expectations that the Federal Reserve will stop raising interest rates, China is poised for a recovery, as well as the easing of the demand for the greenback as a safe-haven investment.

However, MIDF qualified that these projections are subjected to uncertainty over the Fed’s policy, the volatility of the US treasury yields, and the current geopolitical tensions in the Middle East. 

lol..start climb back...

SGD.MYR keep smashing record 3.5450

A great CNY for those working in SG.

Another day of record... 3.5649! https://www.bnm.gov.my/exchange-rates

these 2 articles explain why SGD is so strong, why RM is so weak.

is anybody doing anything?

https://www.thestar.com.my/business/busines...it-to-1998-lows
https://www.nst.com.my/business/economy/202...gapore%20dollar.

https://theedgemalaysia.com/node/701841

Edge datang kelentong lagi.

Last round some expert claim RM will go back to RM4.3 LAST DECEMBER.

you believe them ? 

Ok boss

The key in building wealth is not to make the best prediction. It's USING THE POWER OF COMPOUNDING. Unker has roamed the earth many decades to realise that and hope to pass on the wisdom

I think he's just trying to say the power of compounding the 8th wonder of the world. Forex exchange mmg cannot beat power of compounding.

makes no sense... comparing a passive investment scheme like EPF to handicapped long term FX holding position without even doing proper deployment of funds. just makes no sense to leave the funds there not invested.

i think the huge strengthening of MYR has caught ppl by surprises too. I agree many are quite pessimistic towards MY's outlook and MYR, but every country has their own problem, and a lot of things the citizens can complain, and sometimes we get biased believing other currencies is better than MYR. 

I've no idea if MYR will perform better, worse against other currencies in the long term (above 2 years), macroeconomy is hard to be predicted (hence more ppl lose $ in forex than earning by speculating macro). But i wouldn't be so sure on MYR will definitely perform weaker than other currencies.

Also in the market, a lot the publicly info (including good n bad things) have priced in. So even a country performs badly, but yet better than expectation (ppl has worse expectation), their currency may strengthen as a result.

Happy to hear if any others have better views/opinions on MYR is very very much likely perform worse hence we shall convert as much as possible to other currency.

A lot of what needs to be done can now be done online or via a bank call, so round trips are not as crucial as before.

Recently, I bought a couple of commercial properties in Sydney that required paperwork and the 100 point identification procedure to be done… VOI was done via video link and the lawyers could submit that as evidence. Very convenient now. Same with a lot of banking needs.

So u put money oversea , but you don’t use that money and don’t have plan to migrate …

One old uncle forumer here used to give me advice 15 years ago  - invest in foreign currency only if you plan to migrate , otherwise forget about it

He migrated btw and he advised  me to put in PNB and EPF.

I pared down my USD cash holdings months ago, before the news of the rate cuts were announced. I am left holding only what my US dividend stocks pay, which is around USD50,000. Converted the rest of them into a mix of SGD and AUD.

Probably best decision I’ve made for the medium term.

I got spare cash to sell puts just in case assigned 😂
Nothing to buy so cash pile keeps growing while keeping selling puts. Then once hit sell calls and see if it gets call away.

Good issue to have cash keeps coming in Wish I got bigger cash pile but do what I can with current cash pile.

It’s good for people who earn MYR and want to buy USD but bad for people dependent on selling USD assets to live in Malaysia. Hopefully USD don’t continue depreciating down to 3.2. Haiz

MYR is strengthening...do u guys still convert into USD/SGD? Malaysia seems to be doing better