Just shows the Malaysians themselves are trying to rid their depreciating RM with anticipation that it'll be 1:3 very soon with the S$.
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Exchange Rates for RM
- Thread starter crystal_tiong
- Start date
Just shows the Malaysians themselves are trying to rid their depreciating RM with anticipation that it'll be 1:3 very soon with the S$.
Many of my SPR friends had already stop remitting large portion of their salary (in S$) back, unlike before.
Now, they saved them in a local bank here, despite the non existence interest rates, and only remit the basic monthly requirement back.
Every S$1,000 saved about 6 months ago in SG is getting them almost RM300 more today!
Now, they saved them in a local bank here, despite the non existence interest rates, and only remit the basic monthly requirement back.
Every S$1,000 saved about 6 months ago in SG is getting them almost RM300 more today!
Reuters RM$3.0007
That's it lah... psychological barrier breached.
Congrats to those who pay slowly...:p
A historic and happy day indeed for most bros and sis in the forum! 50 long years of hard work to make this possible.
Expect the Malaysians to panic selling of the RM with anticipation of a free fall anytime soon because the BNM, with a very much smaller Reserve (was USD94.5 billion last week), will be unable to defend its free fall.
If I have a few million RM loose cash, I'll do just that to hedge.
Key is the foreign capital inflow and outflows, not the money exchanges of ikan bilis Malaysians and Singaporeans. Carnage on the Asian stock market today, with STI below 2,850 and 3 months sibor close to 1%.
Cant help but admire Soros for his incredible timing in offloading Alibaba, compared to our beloved Temasek.
this quoted by MC or on XE website?? Quoted on XE website not necessarily given by MC...
MC not there yet....only give you RM$2.95
Obviously it not the regular MY /SG peasants who actually can't do much about it.
Its the very rich Malaysians and foreigners where every 0.1 % drop in the RM equates tens of thousands if not millions loss which explains the rapid outflow of foreign funds the last few months.
Money changers would be glad to hang on to and keep foreign currencies and sell as much RM as possible.
Reuters RM$3.0265
Keep your strong S$ as the RM$ is weakening by the day.
Keep your strong S$ as the RM$ is weakening by the day.
Soros and company are the real sharks.
TH is just novice with only tons of hard earn money from Singapore to play with.
CIMB remit rate at 2.9969!!!
Like Iskandar Malaysia, the Ringgit is also going one way - down.
Rm at 17yr low against US$ - Rm 4.23
Reports that Abu Dhabi investment company pulling out of plan to help restructure 1MDB $3.5Billion of debt
Crude/Palm oil/general commodities down. No recovery in sight. Slowing China greater than expected
Iran says will supply crude at any price. Morgan Stanley projects Rm to drop 4.75 Against US in next 6-12 mths
Only reprieve for Rm is if OPEC holds emergency meeting to reduce supply. But this goes against Saudi strategy of competing against US shale for market share. They can still make profit selling above US$25
Reports that Abu Dhabi investment company pulling out of plan to help restructure 1MDB $3.5Billion of debt
Crude/Palm oil/general commodities down. No recovery in sight. Slowing China greater than expected
Iran says will supply crude at any price. Morgan Stanley projects Rm to drop 4.75 Against US in next 6-12 mths
Only reprieve for Rm is if OPEC holds emergency meeting to reduce supply. But this goes against Saudi strategy of competing against US shale for market share. They can still make profit selling above US$25
Last edited:
Similar threads
