Malaysia Ringgit Exchange Rate

[Watwheels]

1 hour ago, Wt_know said:

can hit $3.30 by Aug 9 ? 

causeway jam no 10hrs no talk ...

Very likely if Malaysia still do not see politikal stability by year end. Good for sg. For those planning year end holiday in M'sia they will get to enjoy the good exchange rate.

 

[Wt_know]

36 minutes ago, awhtc said:

It is 3.18 now as MAS strengthened SGD about 2 days ago.

If Malaysia increases its interest rate again, the exchange rate may drop back.

if Bank Negara continue to raise rates ... tiktoker says one ... jit ba boom ...

 

Edited July 15, 2022 by Wt_know

[Mkl22]

Hit 3.22 and breached previous high. 

[Wt_know]

8 minutes ago, Mkl22 said:

Hit 3.22 and breached previous high. 

go go go boleh boleh boleh

9-Aug coming ... no 3.25 no talk !

[Voodooman]

1 hour ago, Mkl22 said:

Hit 3.22 and breached previous high. 

CIMB's rate is at 3.1866 today. anyone using Youtrip today? What is their rate?

[Dp26]

Try not to change on weekend cos market not “open” and spreads are naturally wider 

[Voodooman]

1 hour ago, Dp26 said:

Try not to change on weekend cos market not “open” and spreads are naturally wider 

Maybe they need a bigger buffer over the weekend but it is still ridiculously far from the interbank market, which is at 3.22.

 

 

[Rayleigh]

2 hours ago, Dp26 said:

Try not to change on weekend cos market not “open” and spreads are naturally wider 

Yap.  There is usually a markup of 2% during weekend regardless of YouTrip or Amaze. 

[inlinesix]

5 hours ago, Voodooman said:

CIMB's rate is at 3.1866 today. anyone using Youtrip today? What is their rate?

I think Youtrip around 3.22

Edited July 23, 2022 by inlinesix

[BanCoe]

Those with properties in Malaysia …… lagi teruk …. Lagi depreciation 

[Wt_know]

13 minutes ago, BanCoe said:

Those with properties in Malaysia …… lagi teruk …. Lagi depreciation 

it’s time to pay down the mortgage plus whack the 2nd unit at lower price 

it’s called DCA … the million dollar question is what properties 

Edited July 23, 2022 by Wt_know

[BanCoe]

52 minutes ago, Wt_know said:

it’s time to pay down the mortgage plus whack the 2nd unit at lower price 

it’s called DCA … the million dollar question is what properties 

I don’t have much experience in Malaysian properties but if buying in good areas in KL or Penang should be ok but they ain’t that cheap if you want an expat staying ……… Locals cannot afford and later your apt habis ( history) 😫

[Mkl22]

1 hour ago, BanCoe said:

Those with properties in Malaysia …… lagi teruk …. Lagi depreciation 

Those who bought 10years ago. Lost 30% on exchange. 😂

[Wt_know]

3 minutes ago, Mkl22 said:

Those who bought 10years ago. Lost 30% on exchange. 😂

that's the problem investing in a country where it's FX lost to SGD over time ... 1:4 ... slowly but surely?

on the other hand ... msian (SG PR) bought properties in SG 10 years ago ...

huat until siao ah! ... can retire early liao ...  

Edited July 23, 2022 by Wt_know

[Mkl22]

took some annual average numbers 

1965 1:1

1991 1:1.5

1997 1:2

2014 1:2.5

2021 1:3

2025?? 1:3.5???

 

 

Edited July 23, 2022 by Mkl22

[Dp26]

4 hours ago, Voodooman said:

Maybe they need a bigger buffer over the weekend but it is still ridiculously far from the interbank market, which is at 3.22.

 

 

What’s wrong with earning more? 
 

😂

[Voodooman]

1 minute ago, Dp26 said:

What’s wrong with earning more? 
 

😂

They used to be very competitive but guess they got greedy. The last round I bought some MYR from them, it was 300 pips off the market and on a weekday. I can understand the need to make some money, but spread of close to 300 from mid rate is really excessive. Up down 600 pips.

Luckily we now have Youtrip.

[Wt_know]

lai lai lai … chop chop 3.25 for Aug 9 long holiday … huat ah!