The problem is, there is no solution. Either they raise interest rates to follow US, which will alienate all their B40 voters bank. Regardless which gov, none have shown to have any idea to improve the country's competitiveness or a vision. Best they can do is potong subsidy and introduce tax. Can't touch civil servants also as they are another voters bank.

I am moving as much money out from Malaysia as possible now. Really scared, no joke.

Regret didn't move more money when it was slight above RM4 like 2-3 years back.

still worth moving to sgd now? kept waiting for sgd to go down but it only gets worse.

Not waiting anymore. Even if it goes back up little bit, it will only go down eventually. Pumping more to USD, SGD and cryptos now. 10 years from now. You think RM will go back to RM4 or likely above RM5? See this country with the type of people running the gov and the type of vote banks. You think it will change for the better or worse? RM 1.5 Trillion debt now. 10 years down the road, i bet > RM2 Trillion already.

If got reversal, then it's time to quickly move out your RM. Eventually it will hit lower low and any reversal wont go back to previous high points.

Good news
https://theedgemalaysia.com/node/701841?fbc...txxbf29aCVVHImc

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?

BNM unlikely cut rates. Unless US drop till very low. BNM OPR will likely remain unchanged until next year. I think US drop won't be as fast as it rise.

https://theedgemalaysia.com/node/701841

Edge datang kelentong lagi.

Last round some expert claim RM will go back to RM4.3 LAST DECEMBER.

first time see currency movement? of course it will up and down up and down . down abit no need to scare. it will go up to RM 4 or RM 4.5 by year end 2024. SGD never wrong for the past 20 years. (uptrend)

https://www.thestar.com.my/aseanplus/aseanp...een-474-and-475

Economy expert datang tikam lagi.

The ringgit will continue falling. Here’s why

Since 1970, we’ve gone from having RM4.1 billion in circulation to RM2.4 trillion now. This is an eye-watering 580-times increase in money supply in the span of 54 years.

That comes up to an average of about a 10% increase in money supply every year. This means our base annual inflation rate, excluding any extenuating factors that might cause the prices of goods and services to increase, is 10%.
...

Inflation via money printing is the most insidious form of taxation – because most people either don’t know about it or don’t realise how it’s affecting them on a day-to-day basis
...

The only way out is for us to take personal responsibility for our financial security. The only way out is to own hard assets – assets that can’t be inflated away by the whims and fancies of those in power.

The government can’t save you. Save yourselves.

Good news for ma reit...

Been hammered 99 after no cut early 2024..

election looming... how can not say will cut...