Serious Singdollar rises to 3.09 ringgit: cheong JB now, huat ah!

[EnBloc]

SINGAPORE-JAKARTA - The Malaysian and Indonesian currencies plunged to multi-year lows on Friday on fears that higher US interest rates under President-elect Donald Trump would spark capital outflows from the region.

With the ringgit hitting its lowest in more than 12 years in offshore markets and the rupiah plunging the most in five years, the Malaysia and Indonesian central banks intervened to try to stem the flow of money out of stocks and bonds.

The ringgit's one-month non-deliverable forwards (NDFs) lost 3.7 percent from the previous close to 4.5395 per US dollar, its weakest since at least September 2004, according to Thomson Reuters data.

http://www.todayonline.com/business/ringgit-rupiah-plunge-fresh-anxieties-about-trump-presidency

 

[flatearther]

According to:
xe.com/currencycharts/?from=SGD&to=MYR&view=10Y
xe.com/currencycharts/?from=sgD&to=MYR&view=2Y
xe.com/currencycharts/?from=sgD&to=MYR&view=1D
it broke last year's record of 3.12, and hit an all-time high of 3.2 this morning!

 

[EnBloc]

S$1 = RM4 akan datang!

 

[garlic]

fucking just became cheaper over there..

 

[johnny333]

Another way of looking at it is that Spore is now more uncompetitive compare to Malaysia & Indonesia. Fewer Indo & Malaysians tourists will be heading to Spore.

 

[taxidriver]

Another way of looking at it is that Spore is now more uncompetitive compare to Malaysia & Indonesia. Fewer Indo & Malaysians tourists will be heading to Spore.

The Indo Chinese are filthy rich, the more expensive it is, the more they will want to visit, spend and INVEST in Singapore. Chinese trait..

 

[WujiBo]

Malaysia safe meh?

 

[sex6sex6sex6]

fucking just became cheaper over there..

Pse share w members here where are the good Lobang in JB KL etc. Thanks

 

[johnny333]

The Indo Chinese are filthy rich, the more expensive it is, the more they will want to visit, spend and INVEST in Singapore. Chinese trait..

The majority of foreigners visiting Spore are tourists and not the "filthy rich". They are the middle class. They will continue to avoid Spore & head towards places like Bangkok, Kuala Lumpur, .. which are cheaper & have more attractions other than gambling & shopping.

 

[AsiaDK]

I checked yahoo finance that the week's closing is 3.03 after Bank Negara stopped most remittance yesterday.
http://www.straitstimes.com/asia/se...ringgit-trading-after-jump-in-overnight-rates

My bank-friend told me that ringgit briefly hit 3.20 yesterday morning when a big chunk was trying to exit at 3.28.