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Exchange Rates for RM
- Thread starter crystal_tiong
- Start date
So for those who have an MY account, better don't keep too much RM there, its devaluing by the day!!!!!!
Wow. It is 2.80 now in Yahoo finance.
Malaysia has been happily printing money for its infrastructure development since their economic transformation programme starting 2010, midway through they seriously run out of money. $3 or $4 is anybody guess. The slide will only slow down after 2020. Any hope for ringgit to stabilise will be after 2025, in particular when big ticket items like HSR/MRT are completed.
Work your loan to your advantage, after which hedge against ringgit at least until 2020. Even if you dun, your property will be well inflated, no real concern.
Money changer offering 2.8 today!
Is that mc in Singapore or jb? Btw, where are wuqi & crystal tiong? Have not seen them since cny. Hope they are alright.
Today the best I could get was 2.78 at komptar.
I have changed what i need to change. Wont be changing ringgits whole of this year. I suppose the shocking positive ratings will make ringgit more expensive slowly unless MAS of Spore decides to let Sing dollar appreciates gradually.
Is just a short term sentiment effect. Very soon, we shall see it climbing back to 2.80 & above..
I too, won't be surprised if it goes beyond 2.80 & above. Some people love reading newspapers' headlines and start forming their expert opinions, like going back to 2.50
News like this will erase any positive vibe. http://www.wsj.com/articles/SB10130211234592774869404581083700187014570
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