Strong strong ringgit.

[tobelightlight]

 

[superpower]

Ringgit to continue rising - Malaysian currency to trade below 4.30 against US dollar from Tuesday (Sept 17)​

KUALA LUMPUR (Bernama): The ringgit is expected to continue its uptrend this week, trading at 4.28 to 4.29 against the US dollar, ahead of the United States (US) Federal Open Market Committee (FOMC) meeting on Sept 17-18.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that with the US Federal Reserve (Fed) on track to cut the interest rate next week, the ringgit could stage further appreciation during the holiday-shortened week.


"This is especially true when the Bank Negara Malaysia (BNM) is not about to follow similar footsteps by the Fed as the upside risks to domestic inflation are still visible,” he told Bernama.

Meanwhile, SPI Asset Management managing director Stephen Innes said the ringgit and other Asia foreign exchanges are likely to remain supported next week, driven by similar dovish expectations from the US Fed.

https://www.thestar.com.my/aseanplu...ow-430-against-us-dollar-from-tuesday-sept-17

 

[syed putra]

So far no economic reform under anwar. In fact, he is strengthening the religious clutch into the gomen. Every gomen department now has a religious officer to ensure all operation and spending abide by religious principles.

So my theory is RM strength is merely speculative. No substance.

 

[tobelightlight]

So far no economic reform under anwar. In fact, he is strengthening the religious clutch into the gomen. Every gomen department now has a religious officer to ensure all operation and spending abide by religious principles.

So my theory is RM strength is merely speculative. No substance.

So much cock theory, read until Sian.

 

[laksaboy]

I remember back in the day learning that the Sinkie dollar is pegged to a 'basket of currencies'.

https://www.oanda.com/currency-converter/en/currencies/majors/sgd/

Singapore pegged its dollar to British Pound Sterling until the early 1970s, then to the US Dollar for a short period of time. From 1973 to 1985, Singapore pegged its currency against a fixed and undisclosed trade-weighted basket of currencies, reflecting its diversified trade links.

From 1985 onwards, the Singapore Dollar has floated within an undisclosed bandwidth, closely monitored by the Monetary Authority of Singapore (MAS) to guard against imported inflation and ensure that Singapore's exports remain competitive.

Such secrecy. Did it work?

 

[Loofydralb]

Malaysia ringgit is only useful for spending in JB.
The country is in deep shit and no amount of work can undo the damage done.
Bankrupt by 2028.

 

[A Singaporean]

Better for Sinkies to return Batu Puteh to the rightful owner now.

 

[tobelightlight]

Well done Malaysia.

 

[laksaboy]

What good are currency exchange rates when there is mass starvation and no food for you to buy?

 

[Hypocrite-The]

Anwar is really doing a good job... why do m&ds hate him soo much?

 

[syed putra]

Well done Malaysia.

View attachment 206887

It used to be 1:1

 

[syed putra]

Anwar is really doing a good job... why do m&ds hate him soo much?

He is a faggot. And a closet religious fanatics. And implementing this into current administration.
Plus no substantial economic reform. English in science and maths will be abolished in schools. More religious classes in schools.
Many parents with the means have started sending kids to private schools bypassing local syllabus altogether. Or go Chinese schools.
The current interest in investment is due The very capable deputy PM from Sarawak.

 

[Hypocrite-The]

He us a faggot. And a closet religious fanatics. And implementing this into current administration.
Plus no substantial reform. English in science and maths will be abolished. More religious classes in schools.
Many parents with the means have started sending kids to private schools bypassing local syllabus altogether. Or Chinese schools.

Good news indeed..1 sg 5 ringgit

 

[syed putra]

Good news indeed..1 sg 5 ringgit

The bugger thinks the RM rise is due to his ingenuity.

 

[Loofydralb]

I'm not sure the reason for the ringgit strengthening is due to economic fundamentals.
Anwar insistence on keeping interest rates low is likely the probable reason, not him being the genius raising the economy.

 

[liamricci]

Thanks for the update! I’ve been so busy lately that I haven’t had much time to keep up with financial news. I just received my paper assignment from https://stateofwriting.com/uk/law-writing-service, and I’ve been focused on preparing for a big presentation next week. Balancing everything has been a challenge, but I’m trying to stay on top of things. Hopefully, once the presentation is done, I can catch up on the latest financial updates.

 

[tobelightlight]

Anwar insistence on keeping interest rates low is likely the probable reason, not him being the genius raising the economy.

Why u see him no up? If he lower interest rate is the first step to prosperity, that is good. U dun want Malaysia to be better economically? 1sgd to 3.28 at money changer at the moment.

 

[Loofydralb]

Why u see him no up? If he lower interest rate is the first step to prosperity, that is good. U dun want Malaysia to be better economically? 1sgd to 3.28 at money changer at the moment.

I'd prefer the shariah way....0%

No usury no riba'. No predatorial practice. No taking advantage of the needy.

 

[syed putra]

I'd prefer the shariah way....0%

No usury no riba'. No predatorial practice. No taking advantage of the needy.

That was Sweden and Japan and after 2008, the US.

 

[Loofydralb]

That was Sweden and Japan and after 2008, the US.

Still it wasn't zero. If you borrowed, it'd still be very low, maybe 0.2% but still it's usury.