Hi,

I have a friend telling me that 1USD is going to drop from RM3.80 to RM3.00 soon? He said he read it in newspaper reports

He is kinda worried because he is asking me to purchase $200 egold for him(I haven't bought yet)

Anyone heard this news?

I have no idea, please comment

I believed the day will come but not as terrible as your friend said. It might have some drop because of our RM value up compared to USD. But temporary RM still fixed in RM3.80 to $1.00 USD currently and in my opinion can stand for another 6 months or more.

Who knows what will happen after 6 months?

As long as Malaysia pegs the ringgit value at Rm3.80 to 1USD.. nothing to worry la hor?

Thanks!

I hope it will drop before 1 july, because i'm planning to go to malay.

Actually is it better or worse if US dollar value drops for us?

Since I can get 1USD with RM3.50(from other sources) or less..

:-?

Great, I hope you enjoy your stay

Where are you heading from?

Your neighbour.. Indonesia.

i really love the rate now...

hope it will last at least for another 6 months

The US dollar has been dropping since Bush took office. It seems to be getting better though.

It's just a rumour.

We won't know whether the ringgit will appreciate or depreciate against
the US dollar.

If there's going to be any changes:

It depends on which side you are. If you currently holding on to some
US dollars you might either win or lose when the US dollar depreciate
or appreciate against the Malysian Rinngit respectively.

Personally I'd love to see the US dollar appreciate against the Malaysian
Ringgit, period.

How about Singapore Dollars VS Malaysia Ringgit?

Yesterday I went to change SGD to RM at a local Money Changer.
It is currently 1 SGD = 2.8925 RM

I hope it will become 1 SGD = 3 RM soon!
If that happens, more Singaporeans will go to Malaysia for holiday.

are you sure about that? this is what i get from a website:

Singapore Dollar
click on values to see graphs 1 SGD in SGD
American Dollar 0.602736 1.6591
Australian Dollar 0.790682 1.26473
Brazilian Real 1.44416 0.692446
British Pound 0.330684 3.02404
Canadian Dollar 0.758544 1.31832
Chinese Yuan 4.98855 0.200459
Danish Krone 3.56838 0.280239
Euro 0.47958 2.08516
Hong Kong Dollar 4.6873 0.213342
Indian Rupee 26.1648 0.0382193
Japanese Yen 65.0232 0.0153791
Malaysian Ringgit 2.2904 0.436605
Mexican Peso 6.56079 0.152421
New Zealand Dollar 0.843933 1.18493
Norwegian Kroner 3.8287 0.261185
South African Rand 3.95696 0.252719
South Korean Won 602.736 0.0016591
Sri Lanka Rupee 60.2435 0.0165993
Swedish Krona 4.40866 0.226827
Swiss Franc 0.742812 1.34623
Taiwan Dollar 18.8596 0.0530233
Thai Baht 24.3385 0.0410872
Venezuelan Bolivar 1292.63 0.000773617
using values from Friday, May 27, 2005

in conclusion,

Singapore$1=Malaysian Ringgit 2.2904

any info from others?

Malaysia vs Singapore dollar is consistently float around

SGD1=RM2.2 - 2.3 (not 2.8 as per claim)

Have no idea why would a local Singaporean money exchanger
willing to sell SGD1 to RM2.8. If they do, we can make lots of money
from forex!

Oops, mistake.

I meant to say it is currently 2.2925 not 2.8925
Don't know what went wrong with me, maybe watched too many ghost shows.

you are forgiven hehe

my opinion is that it is not going to drop anytime soon... there were very strong speculative play on all pegged currencies - starting with the USD/CNY that there would be a repeg or revaluation considering the poor performance of the USD viz a viz all the other major currencies...

that sentiment has changed over the last 2 weeks or so as traders decided to cut losses/take smaller profit in the CNY by unwinding their positions. Even in Malaysia, there was some reversal of hot money as they unwound positions in equity n exchanged the MYR back to USD. analysis also shows that perhaps the USD/MYR may not even repeg on the back of a USD/CNY revaluation since it is only about 5-10% undervalued, compared to >10% for the CNY.

so just go ahead and do what u want with your USD and MYR... my prediction is for no changes for this year... but we all know how fickle some govts can be...

It is indeed CNY (or RMB) "might" not peg against USD, but it won't happen to soon. US commercial is pressuring RMB for re-evaluation so their (US) investment made in PRC have higher return.

However the drawback if PRC is taking this pressure for granted, many most job losses and the poorer people become more poor. If you've been to PRC (Beijing as being most obvious), there's like no middle class. It is very distinguish to see the lower and upper class. As you might know also, PRC banks or so call commercial banks are "funded" by the goverment to keep local organization going and going even they are making losses. So you can see here, PRC will not revalue their currency, not at least USD is stable at this quater.

What about MYR? Well, sources said that MY will follow PRC. In this case, I guess we stay where we stand.

hahaha. better exchange your dollar to RM before its too late. Coz you will get lesser if you exchange AFTER the exchange rate is changed (to US$1 -> RM3.00)

Our PM in the recent newspapers has stated that the value will NOT be changed regardless of what China is doing to its Yuan. So this may be good news for those who are receiving USD and still ok for those who gonna invest in USD. Nothing will CHANGE!

i will suck dry ur gold if u let me to

it is good for those malaysian to buy usd expecially egold in lower rate

but we will have lower earning. Should exchange from USD to RM before USD value dropped to RM3

still finding the source ...hmm...can tell us here where ur friends got that news?

well with Bush in office anything could happen, since he's real dumb.

if RM3=US$1 , max acc level is easier to reach haha.

better if RM 1 = $ 1 wahahahahahah

the day that happens then i will wanna be paid in euros or aussie

nothings going to happen to the USD/MYR and USD/CNY peg. The USD has gained back some lost ground in terms of value over the past few weeks. The pressure is off for now.

HI,


Dont think dollar will drop. provide renminbi revalue.



kiwifruit88

Yeah agrre with u.

anyway, just look n see what happen it the dollar is drop?
may value of bmw 320i also drop hehehehe...

Rgds,

i'll buy one too

wow u guys are rich! i'll buy 2nd hand the year after then

i plan to buy one too but i prefer to buy a house

just kidding unless i won a lottery

u guys seem very rich huh, can borrow some to me :ppp