Correct..its cash advance or quick cash.

Borrow from your CC available balance and they transfer the cash to the CC bank savings account. Then you are free to transfer out.

The rate should be lower than the normal CC rate, usually a one time fee which is charged upfront (they call.it 0 interest lol). Make sure u study properly.

This post has been edited by Cubalagi: Oct 24 2023, 05:34 PM

U r not benefitting?

I thought your main income is denominated in USD/SGD?

This post has been edited by Cubalagi: Nov 5 2023, 07:56 AM

Oh. U back to working? I remember you said you quit from the chinaman company, so i though u were now trading full time.

Tahniah PMX n BNM 🥳

The reits are probably holding big non SG assets.

MYR is in what is called a "secular" decline vs USD since a long time, which is a very long term trend.

However, its not a straight line decline. Common to have reversals, can be up to 10-15 percent and could last a year or two (eg 2008 to 2011).

Im expecting a relatively stable SGD vs MYR when that happens.

Ive been doing the reverse, converting some excess USD to MYR. Yesterday sold at 4.761.

Supork BNM n Madanon 😆

Hope not regret 😅

Yeah, if can drop to below 4.50 then can consider changing back.

Me not touching Sgd. Sgd much more stable I think.

4.70 to USD

3.51 to Sgd

Potentially positive vs other currencies.

Doesnt have to hit 9%, if CPI goes half of that, BNM will be forced to hike. At least 25bp, maybe 50bp. At a time where DMs are cutting rates, will see MYR up.

Secondly, since the cause is subsidy rationalisation, would mean smaller budget deficits and a show of fiscal discipline, another MYR positive.

Of course, locally we will suffer.

What.drives demand?

Trade
Investments
Tourism

MYR strong..

4.62 to USD
3.44 to SGD

Resistance at 4.60..let see MYR breaks that level.

U last convert MYR at what price?

RM4.59 to dollar 👏

I already converted some MYR to USD today

Re-building USD warchest in case Mr Bear comes

Mainly whats happening in US

But there are some Malaysian things like the diesel subsidy removal and the asking GLIC to repatriate some funds back onshore.

How big is epf n Pnb AUM?

And I already said its mainly US driven..with a little help from domestic policies.

This post has been edited by Cubalagi: Aug 2 2024, 08:59 PM

Yes..us bond yield curve is dropping. And making the spread with Malaysia bond narrower.

I managed to buy some USD yesterday at 4.51.

MYR so power. 😲

N global equities market in freefall.