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Exchange Rates for RM
- Thread starter crystal_tiong
- Start date
The psychological effect lasts only a few days. SGD/MYR has returned to 2.97. The US Fed should remain cautious. I'm expecting at most one interest rate upward adjustment this year. H2 2016 should be very volatile, which is a good period for stocks and gold fast traders.
Upon the announcement of Brexit result, the major world stock market reacted in a negative way whereby as much as a TRILLION$$$ were lost collectively within 2,3 days.
As I've said earlier, it was a worse case of a knee-jerk reaction.
Today, just a week later, many market had recovered much of the losses.
In between, many had lost millions$$$ while many had also made millions$$$.
The big losers are usually the small timers.
As I've said earlier, it was a worse case of a knee-jerk reaction.
Today, just a week later, many market had recovered much of the losses.
In between, many had lost millions$$$ while many had also made millions$$$.
The big losers are usually the small timers.
Singaporeans & PRs can rejoice!
Not really, this can be a double-edged sword.
Those people who bought their assets 4,5 years ago with S$ and selling them now even with a reasonable profit may be actually losing money.
Like some sour grapes had posted. How many Sinkies actually buy into JB properties? We are referring to Sinkies like xbay, shoppers and patrol warrior and SPR..who benefits most from M$ depreciation.
And how many paid in CASH for all these properties to lose in depreciation?Or how many still paying mortgage for the next 20 years in RM?
Ha ha yah man, benefits people like me.
You are the best. No one can beat you.
Earn in Singapore, spend in Malaysia, buy in Australia.
Analysts' expectation of some minor recovery of crude oil price didn't happen but instead prices fell, mainly due to oversupply.
Expect the RM to remain weak for the time being, still at 1:3 today.
http://www.channelnewsasia.com/news/business/oil-falls-as-oversupply/3002504.html
Expect the RM to remain weak for the time being, still at 1:3 today.
http://www.channelnewsasia.com/news/business/oil-falls-as-oversupply/3002504.html
Has been 2.97 to 3.02 for the last 2 months. No big swings. My RM also don't want to update me these days liao.
The value of the ringgit is expected to drop further as Malaysia’s economy heads for its worst performance this decade.
Many financial analysts predict that the RM may go as low as RM4.40 against the US$ by year end.
Believe it or not and to take stock to hedge or not, it is up to individuals, this is just a kind reminder
http://www.freemalaysiatoday.com/ca.../ringgit-in-for-another-beating-say-analysts/
Hooray! Rate cut + depreciation! All in this forum can rejoice!
Maxxed during Brexit until no more funds available liao
USD too volatile for my weak heart. LOL
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Hi not sure if any of you use this. It is handy for me as it show the money changer rates.
https://cashchanger.co/sgd-to-myr
https://cashchanger.co/sgd-to-myr
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