pls guys... my sushi, kimchi n bbq dinner gonna be a lot more expensive... pity us locals here... 

next pit stop gonna be 4.5... lets see how soon we get there...

Your sushi is going to become more expensive.😂
Next year got salmon tax☹️🤬

Confirm usd will strengthen one

Fed rate cut so it will fall, just not as drastic as a month ago when markets thought Feds would be much more aggressive.

can meh? is this one of those article that talk only but didn't provide any justifications? economists are like shamans...

OPR up till 7%... then possible.

leave it to the will of the gods, sure... anything is possible with such excuse.

this week 4.43.... 100% correct... or 100% wrong... hahaha...



profit liao if you short around 4.4 pivot as mentioned few weeks back... profit again if buy back at the green band... 

reached faster than i tot...

DXY hitting 106.5, expect 4.47 later this morning!

?

https://www.xe.com/currencyconverter/conver...From=USD&To=MYR

I see 4.4706.

Don't trust the number before 9 am

Simple, but not-always-correct maths. Check how much DXY rises up from its 5pm GMT +8 value and multiply that number by the 5 pm USD/MYR rate published by BNM.

Step 1



I obtain a value of 106.043 as of 5 pm yesterday Malaysia time. (In the screenshot, it's UTC, so that would be 9 am)

Also, BNM website shows a rate of 4.4540 as of 5 pm yesterday.

https://www.bnm.gov.my/exchange-rates?p_p_i...et_quotation=rm

Step 2

When I posted at 1:05 am this morning, DXY hits 106.50, so that is an increment of 106.50/106.043 = 4.473

Which is why I guessed it's around 4.47 when market opens today. But there is no guarantee it's exactly the case as new economic news may have changed the prospects of the currencies by 9 am today.

Moreover, DXY tracks USD against other developed market currencies like EUR, CHF, JPY. MYR is not freely-floated like those currencies and is not a developed market currency, hence there will be some discrepancy.

Breached 4.48!

Good for you. I waited a little too long....

Bloomberg Markets | Currencies

Yen Carry Trade That Rattled Markets Shows Signs of a Comeback

Wide yield gaps and low volatility are driving the carry trade
Bearish wagers on the yen rose to $13.5 billion in November

https://www.bloomberg.com/news/articles/202...d=homepage-asia

Unker think u have a working crystal ball.

Everyone should ALL in follow your footsteps.

Unker continue to top up EPF for 5-6% dividend.

can i join in the fun comment?

tesla:  I stupid... paper hand and sold at 200 after 40% gain...
dbs : also stupid cos i sold at 40....
epf  : also stupid cos not working anymore
myr:  lagi stupid... kept on converting to overseas... but i think is making mtm gain here...

morale of the story...? haha. depends on how one see it... for me, definitely I am stupid.   

https://www.investopedia.com/ask/answers/04...change-rate.asp
we all know your position/desire... lol...

RM4.14 is kenangan manis now

doesn't matter.... analysts and economists will come up with explanations regardless...

for us, ringgit weaker is better... all our FC denominated assets get translation gains... including EPF's position....
here's me praying for 4.8 by year end... hehehe

Coz Fed is saying there will be fewer cuts next year than the market is expecting.

This is probably a good price to get out from USD and SGD to buy Ringgit