Just need 30sen to go...for full RM 5.00
Can we get there?
This post has been edited by danmooncake: Oct 14 2022, 11:39 AM
USD/MYR and SGD/MYR
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 Oct 14 2022, 11:39 AM
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#1
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All Stars
10,124 posts Joined: Aug 2007 
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USD 1 = RM 4.70
Just need 30sen to go...for full RM 5.00 Can we get there? This post has been edited by danmooncake: Oct 14 2022, 11:39 AM |
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Oct 14 2022, 02:04 PM
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#2
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All Stars
10,124 posts Joined: Aug 2007
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QUOTE(Hansel @ Oct 14 2022, 12:57 PM) Bros,... be careful,... the moment the Feds hint at any pausing, the USD will just turn and dive down hard and fast ! Careful,.... Hmm... you may be right. Probably time to buy some Ringgit and stock up. And I think,... the SGD will weaken back too,... but I think it won't drop back too far vs the MYR... It's a good time to chg some SGDs back to the MYR now at thie current rate, and since the Foreign-Sourced Income Tax thing has been pushed back to Jan 1st., 2027. Edited, added : And yeah, a good time to chg some USDs back to the MYR too now. A good time to travel to The UK and Japan too today with their currencies near all-time lows.  When I look at the USD/MYR chart.. oh gee I've to pull back 25 years all the way when we had Asian Financial Crisis in 1997. That's USD1 = RM 4.88 is the all time high. Now..it's just 18sen away. Will this line hold?  Something is about to blow off top again. |
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Oct 19 2022, 03:38 AM
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#3
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All Stars
10,124 posts Joined: Aug 2007
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QUOTE(download88 @ Oct 18 2022, 01:15 PM) i have some usd in paypal account, should i transfer it back to bank account? checked the rate around 4.56 now... Depends on your amount... if not much, may be better to let it stay there. The buy/sell spread and foreign exchange fees may take the benefits away. |
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Oct 19 2022, 03:43 AM
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#4
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All Stars
10,124 posts Joined: Aug 2007
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QUOTE(Hansel @ Oct 14 2022, 02:12 PM) Yeah bro,... and especially since they have reversed their decision on the remitting back of FSI taxation for individuals. Come Jan 1st., 2027,... need to pay taxes already for whatever we exchange back to this place. Oh crap.. I hope the new administration coming in after the election will reverse this decision.Otherwise, lots of paperwork may be needed just to justify foreign income that already taxed. Hansel liked this post
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Oct 21 2022, 03:01 AM
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#5
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All Stars
10,124 posts Joined: Aug 2007
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4.73.... darn.. King dollar still going up.
We need more people to buy more Ringgit to support this.  |
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Oct 21 2022, 09:12 PM
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#6
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All Stars
10,124 posts Joined: Aug 2007
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QUOTE(Ckmwpy0370 @ Oct 21 2022, 11:24 AM) I think 1998 was Tun M time Yes, it was... that time we got Asian Financial Crisis.. finance disaster around that region.Now, it seems Ringgit getting the punishment only and we don't really have a financial crisis other than political **ck situation.  Another sen up today to 4.74, almost like 1 sen a day. Probably another week to go to get to 4.80 area. james.6831 liked this post
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