Worsening Exchange Rate

View previous topic View next topic Go down

Worsening Exchange Rate

Post by noble-man on 2010-08-20, 05:57


Look at Maybank Exchange rate today.

Buy TT rate for 1 USD = 3.098...aiyo, apa sudah jadi ?

Kpd sesiapa yg sedang berura-ura nak datang Qatar tu, fikir-fikirkanlah. Shocked

noble-man
Active Member
Active Member

Number of posts : 209
Registration date : 2008-04-21

View user profile

Back to top Go down

Re: Worsening Exchange Rate

Post by fixcxer on 2010-08-20, 13:14

CIMB TT rate: 3.1050, lebih sket dari Maybank... Smile

naik lagi lah kot quater ni punya CPA. Question

Biasa-biasakan lah dgn rate QR1 = RM0.80 as RM is expected to get stronger towards year end. affraid

fixcxer
Active Member
Active Member

Number of posts : 103
Age : 38
Location : Depan PC
Registration date : 2008-08-22

View user profile

Back to top Go down

Re: Worsening Exchange Rate

Post by noble-man on 2010-08-22, 11:54

fixcxer wrote:CIMB TT rate: 3.1050, lebih sket dari Maybank... Smile

naik lagi lah kot quater ni punya CPA. Question

Biasa-biasakan lah dgn rate QR1 = RM0.80 as RM is expected to get stronger towards year end. affraid

Beruntunglah kalau ada CPA.

Bagi yg tak de CPA macam aku ni, menangis keluar air mata darah bom

noble-man
Active Member
Active Member

Number of posts : 209
Registration date : 2008-04-21

View user profile

Back to top Go down

Re: Worsening Exchange Rate

Post by mba2009 on 2010-09-06, 10:00

Salam semua;

Berapa rate la ni 1 RM dengan Qatar Riyal

mba2009
Active Member
Active Member

Number of posts : 219
Age : 50
Registration date : 2009-07-28

View user profile

Back to top Go down

Re: Worsening Exchange Rate

Post by noble-man on 2010-09-06, 10:13

mba2009 wrote:Salam semua;

Berapa rate la ni 1 RM dengan Qatar Riyal


Rate hari ni setiap QR 100 = RM 83.

Gaji QR 10,000 bersamaan RM 8,300.




pale

noble-man
Active Member
Active Member

Number of posts : 209
Registration date : 2008-04-21

View user profile

Back to top Go down

Re: Worsening Exchange Rate

Post by rushmurad on 2010-09-09, 10:35

...terasa sakit bila TT duit balik Malaysia...jadik ciput. I'm not sure if cara saya TT duit ni yang terbaik..TT dari QNB ke Maybank...tak perasan pulak charges tu berapa... ada sesapa tau? scratch

rushmurad
Newbies
Newbies

Number of posts : 8
Age : 45
Location : West Bay Area, Doha
Registration date : 2010-04-23

View user profile

Back to top Go down

Re: Worsening Exchange Rate

Post by noble-man on 2010-09-21, 10:24

rushmurad wrote:...terasa sakit bila TT duit balik Malaysia...jadik ciput. I'm not sure if cara saya TT duit ni yang terbaik..TT dari QNB ke Maybank...tak perasan pulak charges tu berapa... ada sesapa tau? scratch


Fading Ringgit Rally May Resume in 2011, Morgan Stanley Says
August 27, 2010, 3:39 AM EDT

Aug. 27 (Bloomberg) -- Malaysia’s ringgit is headed for a period of consolidation as technical indicators signal this year’s market-leading rally may be running out of steam, according to Morgan Stanley.

The currency has strengthened 9 percent in 2010 and reached a 13-year high of 3.1238 per dollar on Aug. 23, Asia’s best performance excluding the yen. Malaysia’s economy expanded 8.9 percent last quarter, following growth of 10.1 percent in the first three months, the best quarters in a decade.

“The ringgit momentum may be close to exhaustion after moving so quickly,” Hong Kong-based strategists Stewart Newnham and Yee Wai Chong from the U.S. bank, wrote in a research report today. “We therefore expect dollar-ringgit to enter a period of consolidation before heading lower in 2011.”

The ringgit declined 0.1 percent to 3.1427 per dollar as of 2:59 p.m. in Kuala Lumpur, from 3.1410 a week ago, according to data compiled by Bloomberg. The currency has appreciated 1.5 percent in August, poised for a third monthly gain.

The currency reached Morgan Stanley’s end-2010 target of 3.13 “ahead of schedule,” the strategists wrote. They cited the dollar-ringgit’s deviation from its 200-day moving average and deviations in returns from the average between 1999 and 2010, for their currency outlook.

Gains for 2011

Morgan Stanley maintained its forecast for the ringgit to trade at 3.13 per dollar by the end of the year, Chong wrote in an e-mail today. The currency may advance 1.8 percent to 3.09 by the end of June and to 3.05 by end-2011, he wrote.

Bank Negara Malaysia has raised its overnight interest rate three times to 2.75 percent and eased foreign-exchange controls on Aug. 18 by allowing the use of ringgit to settle cross-border trades.

“The central bank has pleasantly surprised the market with its pre-emptive tightening and partial relaxation of capital controls,” according to Morgan Stanley’s report. “Valuations are not an impediment for the ringgit to continue to strengthen further” in 2011, it said.

The U.S. bank said its estimates for gross domestic product to increase 6.5 percent in 2010 and 5 percent in 2011 have “upside risks.”

--Editors: Simon Harvey, Ven Ram

affraid affraid

noble-man
Active Member
Active Member

Number of posts : 209
Registration date : 2008-04-21

View user profile

Back to top Go down

Re: Worsening Exchange Rate

Post by fixcxer on 2011-02-11, 09:35

rushmurad wrote:...terasa sakit bila TT duit balik Malaysia...jadik ciput. I'm not sure if cara saya TT duit ni yang terbaik..TT dari QNB ke Maybank...tak perasan pulak charges tu berapa... ada sesapa tau? scratch

Kalau tak silap:-

QNB charge : QR18
Somewhere in the US of A : USD20
QNB TT buying rate : 3.6502 per 1 USD

Comparatively to Doha Bank over-the-counter TT:-

Doha Bank charge : QR15
Somewhere in the US of A : USD25
Doha Bank TT buying rate : 3.6485 per 1 USD

fixcxer
Active Member
Active Member

Number of posts : 103
Age : 38
Location : Depan PC
Registration date : 2008-08-22

View user profile

Back to top Go down

Re: Worsening Exchange Rate

Post by fixcxer on 2011-02-11, 09:38

From TheStar today.

http://biz.thestar.com.my/news/story.asp?file=/2011/2/11/business/8043051&sec=business

Ringgit poised for more gains versus US$
By YVONNE TAN
yvonne@thestar.com.my

PETALING JAYA: The ringgit could chalk up further gains of 3% to 5% against the US dollar this year, riding on the country's positive economic and investment prospects.

RAM Holdings Bhd chief economist Dr Yeah Kim Leng said the local currency could strengthen up to RM2.93 by the end of the year after gaining 10.9% last year to RM3.08.

“Given the country's positive growth and investment outlook, we expect the ringgit's upward momentum to continue this year albeit at a more gradual pace,” Yeah said.


As at 6pm yesterday, the ringgit was traded at 3.0443. It has gained 0.6% year-to-date and reached a 13-year high of 3.0290 on Feb 4, according to Bloomberg data.

AmResearch senior economist Manokaran Mottain said that funds were still finding their way here, as emerging markets were still thought to be a better bet compared with industralised nations which had high fiscal and government debt levels.

“The ringgit is preferred compared with other regional currencies because inflation, a huge risk to Asian economies and markets right now, is still relatively low here at 2.2% as at December,” Manokaran said.

In contrast, China's consumer price index rose to 4.6% in December while Indonesia's CPI reached nearly 7% in the same period.

Manokaran's target for the ringgit against the greenback is RM2.95 by the year-end while CIMB Investment Bank chief economist Lee Heng Guie expects the local currency to strengthen to RM2.97 by the first quarter this year.

“The ringgit will peak at RM2.92 some time by the middle of this year before some profit-taking sets in,” Manokaran said.

The ringgit was the best performing Asian emerging-market currency last year and is likely to outperform again this year with a 4.7% gain, according to a recent Barclays Capital Plc report.


Faced with rising inflation, most Asian economies were embarking on a tightening mode via the raising of interest rates, RAM's Yeah said.

“This accentuates the interest rate differentials with advanced economies and the higher yields attract a rising volume of capital inflows, thus strengthening regional currencies.

“However, these are short-term inflows,” he said.

For the long term, managing inflation remains a priority. “A major factor that could undermine the rise in the ringgit is inflation which for now remains relatively low,” Yeah said.

Over the medium term, RAM expects the US dollar to continue to weaken especially in relation to the faster growing Asian countries.

“However, being the safe haven' as well as the international currency, the short-term trajectory will likely be uneven. So buy the US dollar on a need basis for now,” Yeah advised investors.

fixcxer
Active Member
Active Member

Number of posts : 103
Age : 38
Location : Depan PC
Registration date : 2008-08-22

View user profile

Back to top Go down

Re: Worsening Exchange Rate

Post by Sponsored content Today at 18:15


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum