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 USD/MYR and SGD/MYR

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Rinth
post Nov 6 2023, 03:26 PM

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RM weaken = Complain

RM strengten = Complain

Bolehland with bolehcitizen...
Rinth
post Nov 6 2023, 05:55 PM

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QUOTE(CommodoreAmiga @ Nov 6 2023, 05:20 PM)
I read an article says USD 1 will become RM 4.30 in December.

Don't know which Economist Kayangan prediction.
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today the edge reported again....

last month also got same report.....

If really fell to 4.3x really can salute this economist....seems like harder then kena jackpot for me.....


Rinth
post Nov 7 2023, 07:27 AM

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Long run 4.3 is possible…..

Within 2 months 4.3 is ……………
Rinth
post Nov 7 2023, 05:39 PM

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QUOTE(xander2k8 @ Nov 7 2023, 02:32 PM)
SGD got defensive mechanism 🤦‍♀️
SGD is trade weighted currency hence you want to know roughly what is their holdings is to check to trade balance to give you some sort of picture what the currency is holding and defending upon and it will follow their top 10 trading countries with rm is one of them
Must be Rakuten 🤦‍♀️ prediction since early this year they are predicting that but unlikely it will go down below 4.5 year end because their earlier forecast was 4.2 during Feb
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thought is USD 1 : RM 5??
Rinth
post Nov 8 2023, 09:20 AM

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QUOTE(Shanks747 @ Nov 7 2023, 10:19 PM)
why scared if go there....unless you traveling or doing business...its out of your control....just enjoy life before the new world order come's
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QUOTE(xander2k8 @ Nov 7 2023, 11:42 PM)
He is scared 🤦‍♀️ because purchasing power is lower
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Not scare.....it was just someone predict/certain that end of the year is USD1 to RM5...but suddenly become USD1 to RM4.5....u-turn as fast as our govt..

I'm holding pop corn and watch see 31st December USD is how much then will come back again whistling.gif
Rinth
post Jul 31 2024, 09:58 AM

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QUOTE(CommodoreAmiga @ Jul 3 2024, 04:25 PM)
https://www.freemalaysiatoday.com/category/...43-by-year-end/

Let's see the Sinkarlan economist prediction of USD1@RM 4.43 by years end. 😂
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might be dream come true by the sinkarlan if rate cut 3 times this year.

https://fortune.com/2024/07/29/fed-official...cuts-this-year/

This post has been edited by Rinth: Jul 31 2024, 09:58 AM
Rinth
post Aug 2 2024, 05:52 PM

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QUOTE(nexona88 @ Aug 2 2024, 05:46 PM)
Seriously

It's because of US doings (Trump incoming & Fed rates cuts) or because of Malaysia own strength (all the unpopular policies & decisions done is doing good impact overall now)...
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both imo.....if is only US thingy, should be SGD & USD drop only, but MYR appreciate across the board.
Rinth
post Aug 19 2024, 09:07 PM

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QUOTE(fuzzy @ Aug 19 2024, 06:43 PM)
SGD rate should correlate with USD.

Given USD will be lower once Feds cut rate, SGD will follow as it maintains the basket of currencies.
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Sgd is somehow like pegged to USD, as Singapore currencies are intervene by their MAS.
Rinth
post Sep 19 2024, 09:49 AM

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cut 50pts but USD strengthen....macam bursa je lol...
Rinth
post Sep 20 2024, 03:40 PM

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Be fair most of us know that USD will come down, but just didnt expect it to breach 4.20 so fast.... I still remember early this year got 1 post economist say by year end USD reach 4.20, 99% of the forumer laugh at the economist post......now we know all of us are the real sinkarlan haha
Rinth
post Sep 23 2024, 09:53 AM

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QUOTE(Ramjade @ Sep 23 2024, 09:01 AM)
Sometimes I feel stupid converting my money into USD when ringgit is weak. But learning from 1mdb, that is the best course of action.
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Your conversion is 1 way ticket, RM to USD and never the other way round, so DCA all the way no problem...now 4.2 aren't you also happy to continue convert?


Rinth
post Sep 25 2024, 09:08 AM

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QUOTE(nexona88 @ Sep 24 2024, 07:56 PM)
So called analysts saying 4.07 whistling.gif

Also

Thanks China 🙏
https://www.freemalaysiatoday.com/category/...mulus-measures/
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Want reached liao…. 4.11 zzz
Rinth
post Sep 25 2024, 09:53 AM

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QUOTE(NoNameSoldier @ Sep 25 2024, 09:11 AM)
Ringgit fair value

USD myr 3.80
Sgd myr 2.40
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if USD 3.8, SGD is around 3

if SGD 2.4, USD is around 3.12.

Pick your poison.
Rinth
post Sep 25 2024, 10:17 AM

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QUOTE(markedestiny @ Sep 25 2024, 10:04 AM)
Fair value is not used for forex, but stocks

Also you can't  pick a forex multiplier to derive your figures above.  If you used TA, care to share the charts?
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SGD vs USD past 10 Years range is 1.27 - 1.45, which middle rate around 1.34~ish.

No need complicated chart, go xe converter and check.

In other word, SGD strongly follows USD movement at certain range, which tally with MAS forex intervention method ( i dunno the technical terms of it) to tackle their forex position, inflation etc, rather then BNM OPR method.


Rinth
post Sep 25 2024, 11:06 AM

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QUOTE(markedestiny @ Sep 25 2024, 10:48 AM)
Then, these figures are just guesstimate only, let just see how the market plays out instead. The lowest I can see from the chart is USD/SGD ~1.2 in Q3, 2011.

Agreed with the bolded above.
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Of course guesstimate lo..i'm not forex expert....i just based on today USD VS SGD at 1.28, so USD 3.8 then SGD 2.97 hence the 3....
Rinth
post Sep 26 2024, 03:26 PM

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fuiyoh if SGD : RM 2.00, our SG working brother will be in deep shit situation..... Maintain back the old good 2.50 edi very very nice edi.

Everyone is in delusional mode with recent MYR rally lol

This post has been edited by Rinth: Sep 26 2024, 03:27 PM

 

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