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Malaysia Ringgit Exchange Rate

RadX

By RadX,
in Investment & Financial Matters

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Kusje

Kusje

Supersonic
(edited)
4 hours ago, Wt_know said:

2.5? [confused] 

you have many properties in msia to offload is it? [laugh] 

I didn't say it will hit 2.5 hor. 

I am saying it is more likely to hit 2.5 than 4.0

Edited by Kusje
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Wt_know

Wt_know

Supersonic
(edited)

the last time MYR touched 2.5 was 2013

they got 6 years to chase that back

but here is my take

1. when laoma bye bye and Umno took back control. they will start all fugazi fugasi multi-billions project because all of them were “hungry” after a long drought

2. they have 1 trillion debt, ok may be exaggeration ... probably 900 billions debt only ...

3. spore economy continue to grow or stay competitive ... unless we are fcked up gao gao by 4G then MYR can catch up

4. lastly msia political situation is still very shaky ... anytime can swing left right center where PH internally also fighting and Umno is waiting at the sideline

i am seeing the upside for 1:4 is higher than 1:2.5 

B8DB957E-172C-492F-BFCE-5F19921C3CC2.jpeg

Edited by Wt_know
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Wt_know

Wt_know

Supersonic
(edited)
45 minutes ago, inlinesix said:

Malaysia has higher GDP growth than Singapore in 2019.

Yet currency is weaker 

GDP growth higher

but they got a 1000meters deep hole to fill ... just like would you trust their “balance sheet”? [sly]

GDP growth can also shrink fast and furious when external factors turn ugly

Edited by Wt_know
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inlinesix

inlinesix

Supersonic

For 2019, SGD strengthen against MYR.

For 2019, SGD strengthen against USD.

In conclusion, weakening of MYR against SGD has nothing to do with fundamental of Malaysia economy 

4 hours ago, Wt_know said:

GDP growth higher

but they got a 1000meters deep hole to fill ... just like would you trust their “balance sheet”? [sly]

GDP growth can also shrink fast and furious when external factors turn ugly

 

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Voodooman

Voodooman

Supersonic
38 minutes ago, inlinesix said:

For 2019, SGD strengthen against MYR.

For 2019, SGD strengthen against USD.

In conclusion, weakening of MYR against SGD has nothing to do with fundamental of Malaysia economy 

 

In 2019, did MYR weaken against USD?

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Ichibawa

Ichibawa

5th Gear

MY has a higher inflation rate too compared to Sg. Your current RM10 BKT will be RM20 when SGD1 = RM4. Many will flood over to JB thinking 1 is to 4 but in reality many things are cheaper in Sg or equivalent when compared to My. Factor in the trouble of getting into a bumper to bumper situation which is frustrating and increases the car's components decay rate, I think I prefer to stay in Sg lah. 

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Wt_know

Wt_know

Supersonic
(edited)

there is RM20 BKT and there is RM10 BKT

there is shop that chop carrot and there is shop that serve good food good price

need to know where to eat, what to buy and where to cheong [sly] 

case in point , 1 x KDK fan in spore = 2.5 KDK fan in msia (same brand, same model)

Edited by Wt_know
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Mkl22

Mkl22

Twincharged
5 minutes ago, Wt_know said:

case in point , 1 x KDK fan in spore = 2.5 KDK fan in msia (same brand, same model)

my favorite refrain!!. why buy from SG. buy 2 from malaysia and never have to worry about warranty.

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inlinesix

inlinesix

Supersonic
7 hours ago, Wt_know said:

there is RM20 BKT and there is RM10 BKT

there is shop that chop carrot and there is shop that serve good food good price

need to know where to eat, what to buy and where to cheong [sly] 

case in point , 1 x KDK fan in spore = 2.5 KDK fan in msia (same brand, same model)

Actually, we encourage ppl to stay in Singapore.

JB everything also very expensive.

Not worth going.

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Zxcvb

Zxcvb

Turbocharged

Saw 299.5 at my heartland mall. Is it normal during CNY period to have bad rates due to higher demand?? Like change money for ang bao, Malaysian workers heading back home to celebrate so change more cash hence given lousier rates etc.

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Zxcvb

Zxcvb

Turbocharged

https://www.theedgemarkets.com/article/ringgit-near-18month-high-against-spore-dollar-below-30-mark

KUALA LUMPUR (Feb 5): The ringgit is trading below the 3.0 mark against the Singapore dollar today for the first time since February last year.

This came after the Monetary Authority of Singapore (MAS) said there is sufficient room within its monetary policy band to accommodate an easing of the Singapore dollar exchange rate in line with any weakness in the economy arising from the 2019 novel coronavirus outbreak.

The ringgit appreciated to an intraday high of 2.9788 against the Singapore dollar — the strongest since Aug 14, 2018 when it traded at 2.9809 — before pulling back to 2.9901, according to Bloomberg.

Year to date, the ringgit has appreciated about 1.7% against the Singapore dollar.

The Singapore dollar also headed south against the US dollar today, touching a four-month low of 1.37 to the greenback.

MAS, in a statement today, said its monetary policy stance remains unchanged.

"However, there is sufficient room within the policy band to accommodate an easing of the Singapore dollar nominal effective exchange rate (S$NEER) in line with the weakening of economic conditions as a result of the outbreak of the 2019 novel coronavirus in China and other countries, including Singapore," it said.

Singapore uses the Singapore dollar nominal effective exchange rate (S$NEER) scheme to manage the Singapore dollar's rate against a basket of world currencies.

MAS said the S$NEER "has been fluctuating near the upper bound of the policy band" since it eased monetary policy last October.

"There is, therefore, sufficient room in the band for the S$NEER to ease in line with any weakness in the Singapore economy in the coming months," the central bank added.

MAS said it is monitoring economic developments closely and the next policy review will be held in April 2020.

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