Ringgit Peg Or Float

[TrueBlueZ]

BNM has just announced that the ringgit will be on a managed float from today in line with China's re-peg of the yuan. Will this be better for the economy? And should it be a managed float as opposed to a free float. the government still can intervene if it deviates from its fair value.

 

[na_power]

i think ringgit will go up, if not why gov want to remove the peg. I read newspaper b4, they said that if we remove the peg ringgit value will higher, when peg USD 1 = RM3.80 while after remove peg ringgit will increase to USD 1 = RM3.00 . Dont know it is true or not, but that was what i read 4rm newspaper months ago.

 

[fstr]

so after removing the PEG, half cuts will be cheaper?:D

 

[headache]

About 2 yrs ago, during one of the high level management meeting, we were discussing this, liao. During that time, we were looking at RM3.40 to the US$. Time will tell whether this will cum true.

Anyway, it's a mixed reaction, depending on what's the nature of the business. Those that are exporting will feel the pinch and those Importers will be laughing all the way to the bank 'cos they'll be making more money.
You think they'll pass down the extra profits to us, the conned-sumers? Think again.

 

[TRD16v]

It's has been announced by BNM but den still no conclusion yet as it will be based by market forces.. but i guess de new value for the RM peg shud not be more den 10% from de previous USD1=RM3.80 so roughly its around de range of USD1=RM3.5.. not sure though so dun tembak me.. ehehehehehe :)






Regards,
Mike

 

[headache]

so after removing the PEG, half cuts will be cheaper?:D

You wanna bring half cuts? I'll take the UDM 735i, Nismo for my Sunny and Sentra. How? :p
Will gip you 10% nett profit. Can, ar?

 

[zero4]

how i wish it will drop to 3

 

[gloss]

in order to ringgit fall to "3", government gotta do many tings.. bring in s much foreign investment le. n to do tat, 1st m'sia muz hv a gd public infrastructur n citizen wellfare... juz like china now.. they r blooming so well..

 

[fstr]

You wanna bring half cuts? I'll take the UDM 735i, Nismo for my Sunny and Sentra. How? :p
Will gip you 10% nett profit. Can, ar?

wahhh unker...anything for u!! ehehhehehehehe can can...:D

 

[TrueBlueZ]

they are predicting that the ringgit should hover around 3.50-3.60, anything less than that would mean that our ringgit was so undervalued to the dollar during the peg. but whatever it is the market is running and the selling pressure expected was not there today, knee-jerk maybe.........

 

[BlackSamurai]

so after removing the PEG, half cuts will be cheaper?:D

Time to import Hyundai Mod part :D

 

[links]

ITs not totally float rite? its still managed float at this moment..

means the G will still have set a certain target of the value of ringgit...

not sure are msia work like china but seems both are very similar way....
China will still using other foreign currency as a guideline to set their RMB value..
They will announce the value of RMB every evening for the next-day exchange rate....

 

[4agze]

i hate when i read newspaper today pak lah saying "Towering Malay" ... so guess what happens to non-malay then

 

[links]

non-malay enjoy the benefit of being "kamasutra"...... :P

hehehehehe.....

 

[fstr]

so our RM is now against USD - RM3.00 ?

i still dont understand how will that benefit us layman's, how it will benefit us?? how??

 

[Dremel]

hope it will drop till RM2.50 .. like it was before 1997 economy crisis.. 1 pound also RM3.90.. nicey.. can do cheaper online shopping

 

[Joeker]

I heard on radio everybody blabering about cheaper imports.

THat means, ringgit will most likely weaken from 3.80 against the green back.

Good for importers, bad for exporters

 

[ambayah]

Please la dont drop! Please! :(

 

[links]

so our RM is now against USD - RM3.00 ?

i still dont understand how will that benefit us layman's, how it will benefit us?? how??

AP kings will bring in more cars.....and the import of raw material will be cheaper...but its only benefit you if you are subcon.....kopi duit earner or AP kings....or else...keep drooling at home :P

 

[ambayah]

I check, still 3.77