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So dun remit anymore funds to MYR Malaysia account for the time being???
Latest rate after NY close is
USD/MYR - 3.2530
SGD/MYR - 2.5880
View attachment 11623
From 2.355 in May 27 till today 2.5880.
Malaysia Ringgit have lost 10% again Singapore dollar since 28 May 2013.
If you have take up a loan in Ringgit and you are a Singaporeans; your purchasing power just increase by 10% by selling SGD to pay for cheaper Ringgit.
However if your property price have remain the same; the condo have lost 10% in value if you sell it and convert back to SG dollar.
Look for a quick test of 2.55 before we break 2.60 quickly. Target 2.68-2.70 by mid September.
Those whom queue for cash Ringgit recently will wonder what the hell they are doing when it hit 2.7. (Bank Negara must intervene to bring it down; otherwise hedge fund will come join the party and make Ringgit even cheaper.)