Malaysia Watch Forum

Main Forums => General Discussion - Modern Watches => Topic started by: Kayjay on September 11, 2015, 09:58:52 AM

Title: Currency Depreciation
Post by: Kayjay on September 11, 2015, 09:58:52 AM: Have any of you heard anything about a price increase on watches due to MYR depreciation? I would think it is bound to happen soon. Does that mean it is a good time to buy watches again?
Title: Re: Currency Depreciation
Post by: arcsaber7 on September 11, 2015, 08:29:24 PM: Yup! Is a good time to buy. A lot of overseas people came to buy taking the opportunities while our ringgit is depreciating.
Title: Re: Currency Depreciation
Post by: Timeless on September 12, 2015, 07:37:36 AM: Good investment at this point in time
Title: Re: Currency Depreciation
Post by: theseira on September 15, 2015, 09:01:12 AM: Yeah good time to take advantage of the pre adjusted prices.
Title: Re: Currency Depreciation
Post by: avusblue on October 02, 2015, 09:03:58 AM: Great time to buy. Do check prices ADs and gray importers. I found very little difference between them now, as the AD's MSRP is regulated by the brand, which seem to be slow adjusting to the forex.
Title: Re: Currency Depreciation
Post by: nelsonlg22 on October 06, 2015, 02:13:50 PM: too late to invest.
just got a msg from rolex AD.
price increased again.
sub hulk selling rm41k now.
was 28k september last year.
Title: Re: Currency Depreciation
Post by: Yoda on October 06, 2015, 02:39:20 PM: Hold your horses now buy after no. 1 change
Title: Re: Currency Depreciation
Post by: theseira on October 07, 2015, 09:37:35 AM: Quote from: nelsonlg22 on October 06, 2015, 02:13:50 PM
too late to invest.
just got a msg from rolex AD.
price increased again.
sub hulk selling rm41k now.
was 28k september last year.

Wow that's a huge increase.

no doubt it will go higher once ringgit fall down further.
Title: Re: Currency Depreciation
Post by: Timeless on October 07, 2015, 10:50:51 AM: Should be another wave by end of this year
Title: Re: Currency Depreciation
Post by: Cwlwatch on October 07, 2015, 11:10:06 AM: Quote from: femann on October 07, 2015, 10:50:51 AM
Should be another wave by end of this year
Agree.
Title: Re: Currency Depreciation
Post by: chrisyen on October 07, 2015, 08:04:23 PM: too bad we earn ringgit.

but all watches price going up.... buy what u like in msia is now better than oversea for sure
Title: Re: Currency Depreciation
Post by: 1to12 on October 07, 2015, 09:05:03 PM: MYR staged a strong comeback to ard 4.21 against the USD today. Let's see whether the move can be sustained on fundamental basis. The price adjustment will put many people off for the time being - watch shops will be adversely affected by slowing local purchasers. :Blue:
Title: Re: Currency Depreciation
Post by: Friedrice on October 08, 2015, 10:04:16 PM: Quote from: 1to12 on October 07, 2015, 09:05:03 PM
MYR staged a strong comeback to ard 4.21 against the USD today. Let's see whether the move can be sustained on fundamental basis. The price adjustment will put many people off for the time being - watch shops will be adversely affected by slowing local purchasers. :Blue:

I heard the watch boutiques are doing brisk business to Singaporeans and Mainland Chinese. I have a friend coming to Malaysia next week to buy up some Rolexes. He's from Shanghai..

The hardest hit would be us local buyers. Singaporeans come over for the weekend and get good deals plus additional 6% discount when they exit our airports..
Title: Re: Currency Depreciation
Post by: effendy131 on October 14, 2015, 10:09:21 AM: This month Rolex price increase 8% in Malaysia, 3% in Singapore and also other Asian countries because of Asian currency depreciation. When asking about the price hike for Rolex AD in Europe like Netherlands, there is no increase in Europe.