10K ringgit or 10K sgd? wise got some kind of limit: don't know if sunway got???

first time I used sunway money, so dare not convert too big an amount in case got hiccup. usually I used wise or traditional bank.

don't know about Money Match...

For Sunway Money and Wise, the credit into my SG Bank account was within 15 minutes.

Sunway provided the best rate amongst the 3 providers.

you can refer to my post below (pics of the prices bu the 3 providers)

traditional method for a country (weaker one) to what USA just did... is to weaken the currency.... maybe ringgit weakening is coming?

Nonetheless, I am still looking forward to ringgit hawks explaining and justifying their view of strengthening ringgit.

traditionally, when USD reign supreme as world's central bank's main foreign reserve, any small hiccup will cause usd to strenghten.
Maybe this round the market see Trump's antics as distruptive to trade or investments?
USD bond yields are going down too....


EU, JP, UK... economy way larger than MY's. smaller countries really can't fight back using tariff...

I think only malaysian investor would run back to Malaysia... our market is too small, illiquid and not really open (for fx conversion).
funds would prefer to hide in SG.

wise already indicated SGDMYR to be at around 3.351 level after fees. that's just from usdsgd movement.

good news and hopefully sgd appreciates slowly...

I am pretty much done with my portfolio realignment out of ringgit denom assets... currently making up only around 30% of my networth.

I wonder if should continue to shrink my ringgit assets...
but somehow this is against everything I learn about expenditures should match revenue/income in terms of currency exposure.
(there's still the big risk of our malaysia's GE, although that is a good 2 to 3 years away... )

curious... when you mentioned 40% green, is it since purchase?
or is it since start if the year?


I believe Ramjade is deploying covered call strategy... technically as long as the underlying didn't crash too much, it will keep on generating income. If crash too much, just wait or sell further out only.

hike or cut?

hike to give some upward pressure to USA...
but cut is what the King wants....

really? your view is BNM will hold OPR fixed while FED cuts rates?

i would think BNM will follow Fed in cutting rates actually.

headache...
should be damn happy cos my networth in usd is up like 15%....
but in myr terms, it is only up like 8%....

stupid King T....

On top of my head, usd and hkd denom investment should be around 60%? Maybe 55?

Have to factor in principal loss as well.

it has been a while since I converted myr to sgd.... last time (like back in April), it was sunway that was almost always the best rate.

but just checked for fun at 12pm thereabout today.

wise is 3.274
sunway money is 3.2598
money match is 3.2644 (this is from their generic website cos me no account there).

But but but... Towards year end... Ringgit weaker is better... Translation gain for our portfolios managers to calc... Like epf.

Go up cny time only can ar?

convert more back to ringgit
or
convert more out of ringgit?

What did you end up doing with the ringgit after converting it? That's been a bit of a dilemma for me for quite a few years now…

Now that you mentioned it ... myr has already strengthened almost 9% this year. Anyone holding usd denom assets suffered a translation hit (less against AUD or SGD, maybe around 5%).
my only saving grace is that overseas equities have been performing well… though it still stings to see the stronger ringgit shave off a good chunk of returns.
if someone had bought usd/aud/sgd bonds, the myr rebound could easily eat up the yield... unless, of course, those yields compressed and the bond prices had mtm gains.

So the old question resurface again for the original headache... should we convert back to ringgit now? and then what to do with the ringgit after that? EPF topup isn't an option anymore.... headache...

Thanks for the reminder...

luckily the gov extended the implementation to 2036... so we don't have to bother about this (individual taxpayers only) for a while....

plus, who knows what will happen during these 10 years... ie gov changes???


https://theedgemalaysia.com/node/730798

"The government has extended the exemption from individual income tax for foreign-sourced income for 10 years until Dec 31, 2036, as part of a slew of income tax exemptions and reliefs for individuals, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced in his Budget 2025 speech on Friday"

now I am confused... the current 2026 budget mentioned this again?

oh yeah, you still in europe? man, been like 3 months travelling?

are you sure bro?

the standard should be whatever announced remained valid until new announcement. If what you claimed came after that, then only can it be consider to be accurate. (too many fake news and expert discussions... and the public tends to be too trusting without verifying). I completely am not aware of any uturn and did not find any articles after Oct 2024 to indicate the uturn did happen.

Would you mind pointing to where the u-turn was announced?

google returned nothing on the u-turn at all.


edit: btw, the dividend tax mentioned by ramjade is a separate matter right? that one is coming next year filing... 2% on any above 100K.

This post has been edited by Wedchar2912: Nov 13 2025, 01:42 PM