I convert when it's ringgit is weak and strong. How then? Lol.

See doctor for cough and cold is usd 300-400.

Then go pharmacy buy medicine is another 100-200 original drugs.

Don’t get sick in USA.

Sometimes I feel stupid converting my money into USD when ringgit is weak. But learning from 1mdb, that is the best course of action.

USD as for now... Still is global currency no matter what..

All those dollar detachment something don't really work.. BRIC etc. all... Takes time.... USD would still be in demand..

What we looking now is the impact of irresponsible decision on US fed previously... When they crazily increase the rates sharply like no tomorrow.... Till like 5% and now realize it's time to reduce drastically too....

Meanwhile BNM... Just chill... Don't follow US Fed... Keep the OPR same only... That's why MYR become weaker past year...

Better to VCA than DCA, provided you have some TA knowledge

They had to increase rate not to prevent recession but to fight inflation. US CPI hit 9.1% in 2022 in case u forgot. Before that they were talking transitory inflation, then they panicked.

U n Ramjade r of higher level, i langsung tak faham.

The Malaysian ringgit (MYR) has experienced a significant turnaround in 2024. Currently, the U.S. dollar (USD) to MYR exchange rate stands at 4.12, an unusual level for the MYR, which traditionally tends to depreciate against the USD. This recent surge in strength is not attributable to a single factor but is instead the result of a combination of domestic and international developments that have positively influenced the currency. This article will explore the potential drivers behind the MYR’s performance and analyse its implications for the Malaysian economy.

https://fifthperson.com/malaysian-ringgit-strength-2024/

This one bad things about Malaysian

MYR cannot get stronger... If not, more foreign holiday & shopping like No tomorrow...

Should take the opportunity to invest more in good assets especially in US or even Singapore...

But No... Spend Spend Spend only

SGD 3.2  below 3.2 soon
USD break 4.094

Change of position... And decision

First batch converted...

Middle East conflicts not looking good...

If indeed goes to 4.00, then another batch

Any ETFs using USD to purchase that you all Sifus recommend? Preferably able to give good dividends and low taxed.

https://www.investopedia.com/the-federal-re...ll-says-8720777

No Rush to cut the US rates - Powell 😔

so what is the simple way to gain from this? buy US and keep it at home?

the simpliest and yet quite risky a trade is to convert to usd and load up on chinese stocks... (either use etf or adr)... mind you, this is only if you believe in the FOMO momentum that is still ongoing regarding china.
or get some bond funds to profit from the us rate cut (this one seems less risky, but in reality not great vs fx movement).

buy usd and keep it at home is the dumbest way to go about doing it... it may end up being profitable, but very inefficient.

having said all these, I am not converting anything anymore... just telling you the different ways.

HSBC Global account can convert directly to a currency they offer. No need to convert to ringgit. But conversion rates is not good. The best is still RHB with small spread. But need to convert back to ringgit.

How's the rate Vs moneymatch?

just saw this. Moneymatch USD and Wise USD rates are identical, so if RHB MCA usd offers cheaper than Wise, go for RHB

if IBKR is in the picture though, go for moneymatch SGD->sg banks-IBKR USD