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SGD Strong, Ringgit Weak

JohnTan

Alfrescian (InfP)
Generous Asset
If we didn't have PAP, it could be RM1 to SGD 1 today. Thank god for Ah Gong and his team! Thank you PM Lee!
 

Runifyouhaveto

Alfrescian
Loyal
Ah run, the ringgit seems to be dropping pretty fast the last 2 weeks.....if this were to continue we will probably see 3 by year end.

Many Singapore businesses export to Malaysia
If 1:3 in 2015, it might be too fast
I fear thawins then, there will be a full-blown recession in southeast Asia
 

eErotica69

Alfrescian (InfP)
Generous Asset
Many Singapore businesses export to Malaysia
If 1:3 in 2015, it might be too fast
I fear thawins then, there will be a full-blown recession in southeast Asia

Bro, can you remember what was the FX rate for SGD vs MYR during the 1997 Asia Finance Crisis?
 

eErotica69

Alfrescian (InfP)
Generous Asset
Was it like 1.80 meltdown to 2.40 during those months of panic?
Can't remember the exact rates

Thanks.

Wow, now is 2.78!!


t
 

Runifyouhaveto

Alfrescian
Loyal
IMG_9915_c14_c1452648_1568_160.jpg


No wonder malaysian chinese are transfering their ringgit savings to SGD

History: They dun understand that the chinese in Malaysia are very united.
When we got home, he told me that he had received news that Chinese people watching a movie in KL earlier that evening were hacked and chopped to death when they left the cinema after the movie was over.
https://may131969.wordpress.com/where-were-you-on-13-may-1969

About 50 years ago, chinese in a KL cinema were massacred by firearms which was hardly reported. In retaliations, the chinese community organized themselves did the same to another malay cinema.

Higher palm oil price still never help ringgit today because of the capital flight.
 

lifeafter41

Alfrescian (Inf)
Asset
History: They dun understand that the chinese in Malaysia are very united.

https://may131969.wordpress.com/where-were-you-on-13-may-1969

About 50 years ago, chinese in a KL cinema were massacred by firearms which was hardly reported. In retaliations, the chinese community organized themselves did the same to another malay cinema.

Higher palm oil price still never help ringgit today because of the capital flight.

Ah run, capital flight to where hah? Singapore?
 

dancingshoes

Alfrescian
Loyal
Ah run, capital flight to where hah? Singapore?

ya, good question, where did the money go?

History: They dun understand that the chinese in Malaysia are very united.

https://may131969.wordpress.com/where-were-you-on-13-may-1969

About 50 years ago, chinese in a KL cinema were massacred by firearms which was hardly reported. In retaliations, the chinese community organized themselves did the same to another malay cinema.

Higher palm oil price still never help ringgit today because of the capital flight.
 

lifeafter41

Alfrescian (Inf)
Asset
Malaysia's debt rating review
If downgrade happens, Malaysia's ringgit and bond and equity markets could suffer a further hit although analysts expect this to be a short-lived, knee-jerk reaction as the market may have already priced that in.

http://business.asiaone.com/news/all-eyes-malaysias-debt-rating-review
50% chance of downgrade
If downgrade, we will see 2.85 before NDP

Ah run, as long as the 1MDB fiasco is allow to fester and not close, the rating agencies will go for the downgrade.
Till date the so called units or whatever it is that is in BSI in Singapore is still not identified.

S$1 to RM2.85 could play out pretty soon.
 

TracyTan866

Alfrescian (Inf)
Asset
Weaker ringgit a boon to Malaysia's tourism sector
SGDMYR 2.60 now
- Massive influx of cash in 2013 for Iskandar & Penang properties failed to stop downslide.
- Average 10-12% annual increment for household debts in the past 5 years.
- Extremely large foreign holdings of local govt debts. Malaysia 48% vs Thailand 18% vs S.Korea 12%
- Fitch Sovereign rating downgrade outlook: 15 consecutive years of deficits.
- Export weakness due to lower commodity prices + Chinese demands.

Will the exchange rate reach S$1 to 3MYR?
 
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