Malaysia Ringgit Exchange Rate

[bsswan]

On 2/16/2024 at 4:23 PM, zipping said:

I asked e helpline and tested once, no myr, oni sgd in ichange ewallet. It will auto convert like youtrip but it will not b based upon 'digital xchg rate', but like youtrip, use mastercard rates, which is slightly inferior to e 'digital xchg rate'.

Do note tat when it auto convert, it will oni show amount of sgd used, it nvr show e xchg rates being used (like youtrip), i hav to manually calculate.

Okay, thank you...... so, best to have MYR in the wallet prior to spending. Understood.

I worked out today that after I transfer MYR to my TnG wallet, I can then transfer to a MY bank account also for free - I have an account there after spending some time working in KL from the early 2000s. I can do that and then safer to use the bank debit card, as @Cheesey74 say some troubles to accept the ichange card.

[bsswan]

Just did an ichange at 3.56....... somebody targets 3.6?

Bloomberg says should strengthen in the second half of the year.

[Wt_know]

1 = 5 .... pronto! 

hearsay, can get GT3 RS as retirement car in bolehland ... LOL

[inlinesix]

On 2/19/2024 at 4:39 PM, Wt_know said:

1 = 5 .... pronto! 

hearsay, can get GT3 RS as retirement car in bolehland ... LOL

About SGD1m for GT3 RS.  It can be lower if register in Langkawi

[Wt_know]

wah .... i need 1 = 10 to afford ... LOL

[inlinesix]

On 2/19/2024 at 4:54 PM, Wt_know said:

wah .... i need 1 = 10 to afford ... LOL

Got money may not be able to buy it

[bsswan]

On 2/19/2024 at 4:54 PM, Wt_know said:

wah .... i need 1 = 10 to afford ... LOL

Looks like LEGO one what.

Give you RM250 fully assembled.

[inlinesix]

On 2/19/2024 at 5:03 PM, bsswan said:

Looks like LEGO one what.

Give you RM250 fully assembled.

In UK, be prepared to pay GBP100k above list price.

[bsswan]

On 2/19/2024 at 5:05 PM, inlinesix said:

In UK, be prepared to pay GBP100k above list price.

For LEGO? Surely not.

[Atonchia]

https://www.todayonline.com/big-read/big-read-malaysias-brain-drain-singapore-winners-and-losers-long-run-not-so-clear-cut-2373721?cid=internal_sharetool_androidphone_02032024_today

 

1.1m in SG. 

That's a like 20+% of our citizen population. Mainly blue collar to mid level.

But I have also seen management level Malaysian went back KL to be APac level head in MNC HQ based in KL.

[Mkl22]

Many…. Don’t need to serve NS. Remain as PR, got house back in Malaysia. Easily Retire back in boleh land. 
I still feel we give our PR too easily. PR should be the road to citizenship. 

[13177]

On 3/2/2024 at 12:49 PM, Mkl22 said:

Many…. Don’t need to serve NS. Remain as PR, got house back in Malaysia. Easily Retire back in boleh land. 
I still feel we give our PR too easily. PR should be the road to citizenship. 

PR and citizenship also easy easy. 

[Atonchia]

How not to give our fertility rate is only 1.05

[Didu]

Malaysia expects ringgit to rise this year, rules out currency peg

Malaysia's finance ministry on Thursday (Feb 29) dismissed adjusting monetary policy or pegging the ringgit to support the weakened currency, saying it expects the ringgit's value to appreciate this year.

The ringgit has fallen about 3.7 per cent this year so far and briefly hit a 26-year low last week. Malaysia's central bank has said the currency is undervalued and does not reflect the country's strong fundamentals.

Second Finance Minister Amir Hamzah Azizan told parliament the central bank's monetary policy adjustments were not aimed at influencing foreign exchange, adding that any increase in the country's benchmark interest rate risked burdening the people.

The ringgit's weakening was largely due to external factors, including strength in the US dollar and economic uncertainty in China, and did not reflect Malaysia's positive economic fundamentals and prospects, he said.

"As exports improved in January and investment prospects are very good ... with the focus on ease of doing business (in the country), I believe the ringgit will perform better this year," Amir Hamzah said. He reiterated that there were no plans for Malaysia to peg the currency to the US dollar as it had done during the 1998 Asian Financial Crisis.

The finance ministry and Bank Negara Malaysia (BNM) have taken measures to address the ringgit's depreciation, including encouraging state-linked companies to repatriate foreign investment income and convert the income into ringgit more consistently, Amir Hamzah said. BNM has also stepped up efforts to curb excessive movements in the ringgit's value, and encouraged firms to use local currency for export settlements to reduce dependency on the dollar, he added.

Malaysia is expecting economic growth of between 4 per cent and 5 per cent this year, up from 3.7 per cent in 2023.

The central bank held its key interest rate unchanged at 3.00 per cent last month amid moderating inflation, and warned of risks to growth due to weaker-than-expected external demand and declines in commodity production.

Economists expect BNM to hold rates steady until at least the end of 2025.

https://www.channelnewsasia.com/business/malaysia-expects-ringgit-rise-year-rules-out-currency-peg-4158911

Edited March 2, 2024 by Didu

[Lala81]

just changed at 3.50 at convenient money changer. 

[Fcw75]

I changed some at people park complex MC.

3.515 but have to change min S$300.

[Jamesc]

We want 4 and more.

[Ody_2004]

On 3/18/2024 at 5:20 PM, Jamesc said:

We want 4 and more.

If 4 and more no matter how we expand and reclaim land also cannot handle the traffic 🤣