Old days US have very low FD or interest rates...

But now everything changes..... All funds going back to US market/shores 💪

One reason previously because of low interest rate environment there.....

But now all changes...

So all back to the shores...

Thus hurting MYR in the process too....

How can it be the 2nd worst performing currency when Zimbabwe and Argentina and Venezuela are worse than Malaysia 🤦‍♀️ weakest in ASEAN in 2023 probably

No investors bother about FD rates 🤦‍♀️ but more consistent govt policies and stability which is why Vietnam will overtake Malaysia within middle of this decade
As long as BNM has reserves in IMF and World Bank it will have adjust based on Fed policies
Yes as long as economic structure and policies doesn’t change and revamp RM will go down to drain more 🤦‍♀️

The reason is simple. A good buisness takes years to generate values. Certain groups look for tongkat and handouts and the government is forced to go for short term policy. Raising interest rate is not a long term solution. Companies are paying peanuts in Malaysia and no good people want to work in Malaysia. There goes the vicious cycle. Unless we go for a merit based policy, this country won't improve. Currency rate will just drop further.

Don't forget....

The good businesses somehow later stage would be forced take over in the name of country benefits 😔

Already have previous cases happens before.... Just saying 😉

Unlikely 🤦‍♀️ more like rm3.50+ is a reality this year

BNM is tool less already 🤦‍♀️ trying intervene the market with reserves been drain now and they only left the tool OPR which will be stagnant for awhile RM will be head to 4 and 5 territory soon with SGD and USD anytime

Someone would have some spare cash, may want to consider exchanging RM to USD and put into USD FD where running at 5.7% rate on many local banks nowadays, though of buy and sell spread and possibly RM becomes strengthen than USD, putting 1 yr USD FD will offset all these drawback considering value of RM may continuous weaker in long run against USD, thereafter second yr onwards will continue enjoy the high USD interest rate.

    i think your assumption 4.89 is coming very soon easily. dammm....sharp eyes.

rich getting richer, poor getting poorer. nazri aziz smiling as the ambassador the most powerful nation in the world.

to quote from your favourite line: only about 4% of adults in this country have over >US$100k net worth.

PMX still daydreaming as his economic policies are only backwards for the 90s situation whereby interest are higher than now 🤦‍♀️ he doesn’t understand that with higher inflation and lower interest rates and not try to be consistent to push rates to normalise inflation he will just kill the economy faster and still daydreaming that the magic pill is for more FDIs with slowing macroeconomic backdrop now

Just wait for this quarter report will reflect 🤦‍♀️ and if it’s bad  5 would be easily hit by CNY

A millionaire in MYR is actually just normal kuli. If millionaire in USD, then can talk a bit...I think I know very few people above 40s who doesn't have RM1 million networth at least.

ALL of them say undervalued, not me.

https://www.thestar.com.my/business/busines...-is-undervalued
https://www.freemalaysiatoday.com/category/...ys-bank-negara/

Yeah... These good option

But one main reason some still uses money changer is for their "special services".... On transferring money out... Their fee is higher percentage but worthy for certain high risk individuals... If you know what I mean.... 😁