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

SGD still Strong?

Nikkei Asia | Currencies

Malaysia, Singapore currencies rise on tight policies before Jackson Hole
South Korea and Tawian's currencies slump, reflecting U.S. recession risk

https://archive.ph/1tfyT
Didn't know KWAP has stopped investing outside of Malaysia. All money is trapped in Malaysia now.

KUALA LUMPUR: The Retirement Fund Inc (KWAP) plans to increase its international investment exposure to 30 per cent by 2025 although the local market has recently showed an improved performance.

Chief investment officer Hazman Hilmi Sallahuddin said that as of 2023, 24.4 per cent of KWAP’s investment assets were allocated internationally.

"We are currently on track. The local market is much better than before, but in the long term, we aim to balance our investment exposure to 70 per cent local and 30 per cent international, which we believe is more sustainable," he said during KWAP's financial year 2023 performance results announcement today.

He noted that based on the average 20-year record, international investments had consistently provided better returns.

"I believe it's essential for us to have a more sustainable strategic asset allocation, which is why we have chosen the 70:30 ratio. While both our domestic and international investments are increasing in value, the share of international investments is growing,” he said.

He stressed that this decision does not imply a reduction in domestic investments, but on the contrary, KWAP is increasing its investments in the local market this year.

"However, the percentage increase may not be substantial," he added.

Won't be so fast...

All waiting for Fed rates cuts...

Which expected around 50pts 🤔

Ahhh just I expected & some so called analyst

It's 50pts straight...

Where & who the guy said US fed no dare to cut so much. Just 25pts...

So we can expect another cut later or maintain for next few meetings??

U n Ramjade r of higher level, i langsung tak faham.

Hahaha, when the number don't meet, just give new number only.

Basis: Pluck from sky

Hi Sifus
is this a good time to convert RM to USD and put in USD FD?
Any thoughts on this pls

at first i thought 2.9 was refering to usdmyr... if its sgdmyr, who knows... most of the time investors or market looks at usdmyr and usdsgd.... hardly anyone look at sgdmyr cross except us malaysians and singaporeans.

number wise, if sgdmyr is going to be 2.9, there is a range where usdmyr and usdsgd can be at. if one set usdsgd = 1.1, then usdmyr is at 3.2 almost. possible? if it happens, but pretty sure half the businesses in malaysia will cry father and mom and ask for gov change as not competative in export...

then again, can usdsgd reach par? if can, then that would be an interesting new world as usdmyr is then at 2.9. Did Malaysia do anything so different that we managed to climb out of decades of mismanagement in just a few years?

are we gonna see 4.5 soon?