facebookAm thinking of buying more ringgit now before the currency strengthens. What do you guys think? - Seedly

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Anonymous

18 Apr 2019

Random

Am thinking of buying more ringgit now before the currency strengthens. What do you guys think?

Discussion (6)

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Hannah Foo

14 Jun 2018

Manager at JTC

It seems like the Malaysian ringgit is weakening steadily in recent days You might wanna wait till it hits 3.0

Honestly, I don't think the differential is significant unless you're talking about 100k worth of RM. And in any case you expose yourself to forex risk if you hold RM for speculative purposes. I'd personally recommend just change what you think you'll realistically use for the next 6 months or one year, depending on how often you hop over to MY.

If it’s just for spendings when you visit malaysia, it makes very little difference. Your gains aren...

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