Keep hitting 3.50

Looks like 3.60 matter of time only

The policies of both countries is farr different....

SG more towards economy & FDI while Malaysia keeping going on R&R route....

Even local Malaysian added the outflow to Singapore.... Thus SGD keep getting stronger

Without them.
Some people cannot earned more 3x income for the same work done 😁

all cannot trust one...

maybe would hit 4 around Dec?

after US elections & Fed rate cuts

needed to "average down" to cut loss

1 USD = 4.43 MYR

1 SGD = 3.34 MYR

1 GBP = 5.65 MYR

All getting stronger vs MYR

still afar from Feb high rates @ 3.57

now hovering around 3.36

still higher from last few years rates

This post has been edited by theevilman1909: Aug 17 2024, 04:03 PM

6/9

USD - MYR at 4.32
SGD - MYR at 3.33

almost unchanged @ stabilized

Looking at all the discussion here.

I want to share something that happen to some people I know.

1. EPF better have latest updated Nominee Name & Percentage clearly stated

2. If No children, better write wills on who will get all inheritance & Admin to distribute everything

3. Got children, make sure who gets whats.. all detailed list

because Life is short.
40yo also can GG

Money matters can really be ugly & create such big mess & trouble in family

I think the trend would be similar like those in early 1990 - 95

This post has been edited by theevilman1909: Sep 19 2024, 03:23 PM

MIDF Revises MYR To Close At 4.03 By Year End

MIDF Research expects Bank Negara Malaysia (BNM) to maintain the Overnight Policy Rate (OPR) at 3.00% throughout 2024 and 2025, with inflation remaining under control. The ringgit is forecasted to strengthen, buoyed by a narrowing interest rate differential and the weakening of the US dollar. MIDF revised its projection for the ringgit to close 2024 at RM4.03, an improvement from RM4.59 at the end of 2023.

https://www.businesstoday.com.my/2024/09/26...03-by-year-end/

more inflow of funds from Developing Countries like US & Europe (since they also cutting rates)

still cannot beat 1:1 like the good old days

ahh Yes.
Typo Error.

Others countries who keep cutting rates, eventually the funds would sure flow out towards those countries that hold steady their rates like Malaysia

Previously when Malaysia Hold their rates, and US increased them. We see outflow of funds. Now reverse happening

and with BNM give hints of Maintaining the current rates & MIDF also saying the same.

MYR would only strengthen into 2025

Better Not.

USD would be getting weaker. Rates also downwards

Trump crazy policies imposed?