[Official Thread] Ringgit Exchange Rate - Part 2

jumpmanz

jumpmanz

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295.5 at people's park complex

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vaxvms

vaxvms

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jumpmanz said:
this small shop quite competitive. will always change there if around the area.

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the corner chinese shop
not the indian shop which always long queue but rate not as good
 
confused

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windwaver said:
Oil prices are expected to be stable but the move to remove GST and re-introduce petrol subsidy is going to cost Malaysia; Dr. Mahathir also mentioned that he isn't going to revalue RM too much.

For the short term, the strength of RM is going to be weak but Dr. Mahathir may be reducing debt by scrapping projects that are not beneficial to Malaysia.

In the longer term, RM will stabilize depending on how fast everything is balanced out.
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Well Mahathir claims that the money that he can recover from corruption and bribery is sufficient to cover the shortfall from GST and petrol subsidies, we shall see. :)
 
windwaver

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confused said:
Well Mahathir claims that the money that he can recover from corruption and bribery is sufficient to cover the shortfall from GST and petrol subsidies, we shall see. :)
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I don't think he has enough time.

I have a feeling that Dr. M knows that oil prices will likely shift north in a stable manner, so even if it takes a long time, the revenue from oil will offset any deficit.

In other words, if he can add money from other sources, it's a bonus but oil is there to solve the problem :D
 
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beng_beng

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windwaver said:
Oil prices are expected to be stable but the move to remove GST and re-introduce petrol subsidy is going to cost Malaysia; Dr. Mahathir also mentioned that he isn't going to revalue RM too much.

For the short term, the strength of RM is going to be weak but Dr. Mahathir may be reducing debt by scrapping projects that are not beneficial to Malaysia.

In the longer term, RM will stabilize depending on how fast everything is balanced out.
Click to expand...
Agree fully.
In the longer term, everyone will die, depending on how long his/her lifespan is.
 
J

jared.

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Planning to visit Jb this coming week. Now exchange is 1sgd to 2.95rm? Or has it been better say 3rm?
 
J

jared.

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Yeah that time should have change more to keep. Well but we cant predict the future, aren’t we? Haha
 
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dede1217

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every single day, seems like dropping 0.01 ...
last week before election result announced, arcade was 2.955 ...
today dropped to 2.94 ...
hopefully tomorrow wont drop too much ...
 
jumpmanz

jumpmanz

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jared. said:
Yeah that time should have change more to keep. Well but we cant predict the future, aren’t we? Haha
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i changed 5k during 3.16 to keep
also finished already :(

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jared.

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dede1217 said:
every single day, seems like dropping 0.01 ...
last week before election result announced, arcade was 2.955 ...
today dropped to 2.94 ...
hopefully tomorrow wont drop too much ...
Click to expand...

Thinking should i continue to wait a bit or just changed. Since I’m heading in next monday
 
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