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 USD/MYR and SGD/MYR

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CommodoreAmiga
post Feb 21 2024, 04:38 PM

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QUOTE(BenChiew @ Feb 21 2024, 04:35 PM)
RHB MCA spread between USD/MYR is 0.7%. FD rate is better than the others. managed to catch 5.5% for 6 months not long ago.Also covered by PIDM up to RM250k. you can spread it across various banks. HSBC, Maybank all have the same, though the FD rates is not as good as RHB.

I feel its better to keep it within the Malaysian context since if anything happens to me, at least my family don't need to go treasure hunting abroad.
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I have all the accounts id and password documented. if i ding dong, they can quickly withdraw first.
SUSTOS
post Feb 21 2024, 05:21 PM

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High chance to break 3.60 hehe...

https://www.sinchew.com.my/news/20240221/in...ational/5407826

Ramjade
post Feb 21 2024, 10:31 PM

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QUOTE(Medufsaid @ Feb 21 2024, 04:25 PM)
Ramjade won't be cheap as you can't ACH cheaply into IBKR from RHB MCA (credits to dwRK for this info)
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You can ACH using RHB MCA? As far as I know ACH is like US version of duitnow
AVFAN
post Feb 21 2024, 11:24 PM

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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.


This post has been edited by AVFAN: Feb 21 2024, 11:34 PM
dwRK
post Feb 22 2024, 06:27 AM

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QUOTE(AVFAN @ Feb 21 2024, 11:24 PM)
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.
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thinking of...

1. buy jpy with myr
2. buy sgd with usd

ericlaiys
post Feb 22 2024, 09:42 AM

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Good news
https://theedgemalaysia.com/node/701841?fbc...txxbf29aCVVHImc
nexona88
post Feb 22 2024, 09:46 AM

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QUOTE(ericlaiys @ Feb 22 2024, 09:42 AM)
All these so called economic analyst cannot trust one....
AVFAN
post Feb 22 2024, 09:54 AM

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QUOTE(ericlaiys @ Feb 22 2024, 09:42 AM)
local analysts/banks/research houses have been saying that for a couple of years now.

the more they say, the faster RM goes down. laugh.gif

unless some major reforms happen, direction will not change, imo.

have we heard any putrajaya/cabinet plan for major reforms?
dwRK
post Feb 22 2024, 10:02 AM

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waiting for trump to get reelected...

he should provide ample catalyst... rclxm9.gif

Ckmwpy0370
post Feb 22 2024, 10:09 AM

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QUOTE(ericlaiys @ Feb 22 2024, 09:42 AM)
Self Comforting only!
AthrunIJ
post Feb 22 2024, 10:13 AM

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QUOTE(ericlaiys @ Feb 22 2024, 09:42 AM)
Analyst cakap up then it will down.

Analyst cakap down then it will double down

👀🤭🍟🍷
prophetjul
post Feb 22 2024, 10:16 AM

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QUOTE(ericlaiys @ Feb 22 2024, 09:42 AM)
That is what they said LAST YEAR! laugh.gif

silentsurfer
post Feb 22 2024, 10:33 AM

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When the US cut rates later this year, MYR is expected to rebound against USD. Is SGD also expected to rebound against USD? If so, what will be the projected impact on SGD/MYR?
AVFAN
post Feb 22 2024, 10:43 AM

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QUOTE(silentsurfer @ Feb 22 2024, 10:33 AM)
When the US cut rates later this year,  MYR is expected to rebound against USD. Is SGD also expected to rebound against USD? If so, what will be the projected impact on SGD/MYR?
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u have to consider likelihood of BNM cutting rates too.

then there may be some dedollarization effect kicking in.

SG does not hike or lower rates but manage the major FX bands, let rates find its way.

imo, given big money still flowing into SG from boland, HK, china, SGD is likely to continue to do v well, even against the USD.
SUSTOS
post Feb 22 2024, 11:04 AM

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QUOTE(ericlaiys @ Feb 22 2024, 09:42 AM)
MIDF is owned by MBSB, which in turn, is owned by EPF and PNB... hmm... laugh.gif
Ramjade
post Feb 22 2024, 11:07 AM

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Singapore uses never but still import interest rate from US. So US interest rates goes up, SGD banks interest also goes up. Vice versa.

silentsurfer there.is only one direction for the ringgit which is down unless you are more open, business friendly rather than racial, fanatic.

This post has been edited by Ramjade: Feb 22 2024, 11:08 AM
nexona88
post Feb 22 2024, 11:15 AM

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Another one...
This time Singapore based

https://www.freemalaysiatoday.com/category/...it-by-end-2024/
batman1172
post Feb 22 2024, 12:30 PM

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QUOTE(nexona88 @ Feb 22 2024, 11:15 AM)
Ya better convert sgd now before ringgit appreciate. Problem is epf only can put 100k yearly 😕
nexona88
post Feb 22 2024, 12:59 PM

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QUOTE(batman1172 @ Feb 22 2024, 12:30 PM)
Ya better convert sgd now before ringgit appreciate. Problem is epf only can put 100k yearly 😕
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Not little late???
Should done earlier... When like the range 3.2?
Cubalagi
post Feb 22 2024, 02:51 PM

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QUOTE(silentsurfer @ Feb 22 2024, 10:33 AM)
When the US cut rates later this year,  MYR is expected to rebound against USD. Is SGD also expected to rebound against USD? If so, what will be the projected impact on SGD/MYR?
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Im expecting a relatively stable SGD vs MYR when that happens.



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