Malaysia | Foreign Exchange | Quo Vadis, Ringgit! Facts And Evolutions

Forex Currency Charts: Exchange Rates Malaysian Ringgit Against Major Currencies Published By Bank Negara Malaysia (BNM)

Since beginning of this year, I started to have interest in foreign exchange market when a deal involving a foreigner purchase of landed property. Investor Forum Business Daily | Exchange Rates History| Malaysian Ringgit versus US Dollar. That was the time I started my monitoring.

A glass could be half full or half empty. Depending on how you view it. For us as investors we would like to look from the perspective of how turn the tides around with data. As history been mentioned, Malaysia started to pegged the ringgit against greenback (US dollar) in September 1998. For a duration of 7 years till July 2005 the ringgit was pegged at the psychological threshold of RM3.8000-to-a-dollar. Bank Negara Malaysia (BNM) did the capital control during Asian financial crisis (AFC). 

Fast forward exactly 10 years after lifted the peg, the Malaysian ringgit went above the 3.8000 threshold again and that happened during last two weeks. Are we in for another financial crisis (again)? What is your opinion? Trying to connect the dots. The local note was also traded lower against other major currencies except the Euro (refers to the graph) during the one year snapshot. At the closing last Friday (24 July 2015), the Interbank Foreign Exchange Market in Kuala Lumpur recorded 3.8080/3.8100 .

This is your opportunity to invest in Penang. Apparently with current scenario, foreigners might want to invest their hard earned money here. Malaysia has initiated her Malaysia My Second Home (MM2H) program with various incentives. MM2Home | MM2H Forum Expat Malaysia| MM2H requirements | MM2H news. Recently a group of 6,000 tourists from China under their company trips made their way to Penang and Langkawi Island. It was reported 3,000 tourists spent their holidays in Penang while the other 3,000 tourists spent theirs in Langkawi Island located north of Penang Island.

George Town Festival 2015 (GTF 2015) celebration in the month of August. As part of George Town inscription on 7 July 2009 as UNESCO World Heritage Sites, the #GTF2015 will features arts, culture, heritage and community events to celebrate throughout the festive month. This is another opportunity to get to know Penang better. Previous year events: UNESCO World Heritage | Month-long celebration at George Town Festival 2013.

Malaysian Secondary Property Exhibition (MASPEX2015) Penang Edition is around the corner: Penang MASPEX 2015 Reboot In Queensbay Mall from 13 Aug 2015 to 16 Aug 2015. This is the 3rd edition for Malaysian Secondary Property Exhibition (MASPEX). It's expect to showcase more than 6,000 properties covering Penang Island and its mainland secondary (sub-sale) market properties. There will be property talks' sessions to cater for buyers to enhance their knowledge on status updates for Affordable Housing in Penang and Penang's infrastructure projects with their impacts on Penang Property Hotspots.

Reference: Penang Capital Investments 1QFY2015 In One Easy Step (Infographic)

Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

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