-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Exchange Rates for RM
- Thread starter crystal_tiong
- Start date
I think is the agent money stock pile issue.
When rate drops drastically, we still able to enjoy a slightly favourable rate.
And when rate rises exponentially, they are left behind with old stock pile and unable to offer us market rate.
Hence, I think we have to wait till the exchange rate consolidates before moving in.
I should be remitting $10k RM in 2 weeks' time. Hope your reading is right.
Any fundament issue with Malaysia economy that render the move to 2.55 ? I think current weakness should be another good opportunity to buy some , should stable around 2.45 range to 2.4 in the longer term .
No more RM & need to change some to spend... Today 7pm at Toa Payoh central 2.445 (cash)
Tomorrow should be higher.
Not sure but afraid sometimes Friday rate not very good.. I need to go in this weekend
Seems possible this time.. it just climb without braking now
But let see can cross 2.50 first or not
If I rem correctly there is an upper band of $2.5x. Higher than tt SGD will be too strong n MAS will step in.
It tested 2.50-2.515 level from July 2012 - Mar 2013.
Even if it hit 2.55 or higher it will show up as a blip on the chart point. Unlike JPY that swing 15% up and down within weeks.
10 yr low is 2.2150.
I am not saying SGD is fundamentally strong to go up; but apparently MAS is keep SGD strong to get 2 thing in Malaysia.
Labour & commodity.
Best play.
Long SGD
Long USD
Short AUD
Short JPY
Even if it hit 2.55 or higher it will show up as a blip on the chart point. Unlike JPY that swing 15% up and down within weeks.
10 yr low is 2.2150.
I am not saying SGD is fundamentally strong to go up; but apparently MAS is keep SGD strong to get 2 thing in Malaysia.
Labour & commodity.
Best play.
Long SGD
Long USD
Short AUD
Short JPY
Will wait for next week. SGD may strengthen against the USD this weekend.
Arcade was supercrowded during lunch time. The queues were at least 15 min. I only went there to take a look and din TT any money since I couldn't find any remittance company there.
Up Up...
Similar threads
