USD MYR at 4.34
SGD MYR at 3.34

Sad to see those nice FX gains much reduced esp.on SGD side. 😔

Anyway, me buying another batch of USD.

Good. Time for me to convert out.

Why not wait until the Fed started to cut rate when it is more stabilized? Thinking to convert some USD

Its quite hard to time bottom based on my experience. So I will usually average down bit by bit at certain support levels.

And who knows, we might even see "buy the rumor sell the news" come next month.

That's what majority of people does. Buy back when it's stable. Sounds familiar? Buy back when it is stable = market already move up by a lot. Same concept. If the rate is good, just buy. I am never the guy to buy when it's stable. I buy when things are falling.

For conversion of RM, it's different. I will keep converting out regardless the latest exchange rate once I got my money ready to transfer.

If current rate is 5, I will also convert out. I don't keep ringgit.

This post has been edited by Ramjade: Aug 26 2024, 12:24 PM

Me double sad. Every month my passive income decrease as holding in both currency that suck. 😭
Should have converted more to MYR past 4 years.

it will dropped more next week...lol
everyone say the same when ringgit in bad shape

Next week can start get ready to convert to USD and SGD. My cash standby already....lol

You all done conversion in cash or multicurrency accounts? Wise limited to RM20K only.

I have Singapork Bank Account. No limit. Not enough money only. USD will just transfer to my broker account. Btw, WISE can up to 100k if open business account, but i haven't try that.

This post has been edited by CommodoreAmiga: Aug 26 2024, 06:28 PM

SGD is now second best in Asia after MYR (against USD).

https://www.sinchew.com.my/news/20240826/finance/5871220

Thanks for info.

If you're investing into S-REITs, it's good for the SGD to weaken, bro,... the dpu will 'increase' relatively due to 'more' rentals collected after converting the rental from the foreign currency into the SGD for payouts.

SGD weakening with MYR only..not much with other currencies n streightened vs USD.

lol BNM wants local insurance companies to offer more "solutions" to support the Ringgit.

https://www.sinchew.com.my/news/20240828/nation/5877206

Cheng hu wants to issue more debt and ask you the insured help fund the budget deficit... as the retirees withdraw cash out of Acc 3, less demand for MGS and GII...

This post has been edited by TOS: Aug 28 2024, 11:44 PM

Now we know why all unit trust offered by insurance companies in Malaysia are all majority Malaysian focused.

From GLC & GLIC...

Now it's moved to insurance companies operating in Malaysia....



This post has been edited by nexona88: Aug 28 2024, 08:54 PM

dunno about USD, but Im convert more MYR to SGD.

if you think SGD suck, i think MYR even more...ahem...ahem...

I live on rental income in sgd and dividends in USD. Haiz. Now usd 4.3 sgd 3.3
All epf fault. Only allow max 100k.

thats everyone dream!! owned property in Singapore and live in Malaysia.

not the other way round