Malaysia Watch Forum

Off Topic => Investment & Real Estate => Topic started by: outlander2005 on October 05, 2011, 02:26:18 AM

Title: USD
Post by: outlander2005 on October 05, 2011, 02:26:18 AM

any thought about the USD rate??? it has reached a 1 year high since July 2010. I used to check the rate using wawasan sentosa exchange at Mid Valley, but they stopped publishing their rate recently... rumours they have been instructed by BNM to discourage ppl trading USD... any comments???

Title: Re: USD
Post by: Watchnewby on October 05, 2011, 04:02:31 PM

So USD is not traded since last Friday.
I wonder why? Has the USD been "acting weird" lately?
Any comments?

Title: Re: USD
Post by: outlander2005 on October 05, 2011, 04:37:55 PM

it was traded at RM 2.95 during hari raya... and due to the recent development in Eurozone and greece, USD went to RM 3.2 yesterday... almost 10% up since Aug  31st.

Title: Re: USD
Post by: Watchnewby on October 06, 2011, 09:15:10 AM

Is it limit up, like in the BSKL shares?  ;D

Title: Re: USD
Post by: outlander2005 on October 06, 2011, 12:02:44 PM

unlikely.... i am not expert in this. :(

Title: Re: USD
Post by: siodee on October 07, 2011, 11:50:26 AM

Quote from: zitan on October 07, 2011, 11:12:54 AM

No matter how high the USD forex rate is at the present, .......... Not a worthwhile investment ............ it will gradually depreciate in a matter of time to boast export.

Yup, I believe so, so those members who want to buy the watches using USD, you can hold it for a while until the USD drop again. At the mean time, if you want to ease the bugs, why not check out the Sale section here, cause we still trade in Ringgit  ;D

Title: Re: USD
Post by: ckmcsk on November 14, 2011, 04:35:38 AM

USD is volatile. I prefer GBP. Remember it is olympic next year in london... ppl needs to buy GBP.after all the euro also fallen..