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pucman
03-07-2007, 11:24 AM
Aussie dollar is now 3.00 :eek:

We used to have 2.00 ringgit to one aussie dollar. 2.5 to one canadian dollar etc. Ringgit is also weakening against the thai baht.

It seems that the malaysian ringgit is still tied to the american dollar which is weakening against all major currencies.

That's why our malaysian ringgit is weakening (compared to most currencies) instead of strengthening as reported by newspaper. It is strengthening against american dollar only but so does all other currencies.

Where can we park our malaysian ringgit to avoid further weakening ? :(

Raikonen
03-07-2007, 11:42 AM
Aussie dollar is now 3.00 :eek:

We used to have 2.00 ringgit to one aussie dollar. 2.5 to one canadian dollar etc. Ringgit is also weakening against the thai baht.

It seems that the malaysian ringgit is still tied to the american dollar which is weakening against all major currencies.

That's why our malaysian ringgit is weakening (compared to most currencies) instead of strengthening as reported by newspaper. It is strengthening against american dollar only but so does all other currencies.

Where can we park our malaysian ringgit to avoid further weakening ? :(

Gone are the days where AUD1 to RM1.70 and SG1 to RM1.30 haha...Used to go over spore to shop till drop then but now....

Well you could look into foreign denominated currencies FD offered by some local banks (if i am not mistaken) or if not buy some properties in countries like Aus, perhaps Sydney or Melb.