Originally Posted by skates81 (Post 12395280)

Just three and a bit years ago (2013) when I got MM2H visa, the 1 USD was only equal to RM 2.9, so I wired my USD in Malaysia for the FD for that rate. And soon after I got MM2H, the ringgit depreciated sharply and was recently as low as RM 4.5 to USD, an approximate 50 % decrease in value. I wish I could have applied MM2H when it was 4.5 to USD, I would have saved 50% of my USD capital by doing so. And still, if I cancel my MM2H and reconvert my FD to USD back, I'm going to suffer around 35% of my total USD capital loss.

Originally Posted by Pulaski (Post 12395381)

Moving a substantial part of your net worth into a small, volatile currency was, at best, ill-advised. Small under-developed countries' currencies commonly lose value over time, and so there is a strong likelihood that a significant part of your capital loss is permanent. :(

Originally Posted by Pulaski (Post 12395381)

Moving a substantial part of your net worth into a small, volatile government-controlled currency was, at best, ill-advised. Small under-developed countries' currencies commonly lose value over time, and so there is a strong likelihood that a significant part of your capital loss is permanent. :(

Originally Posted by Macsta (Post 12395341)

Thanks all for the responses and information plus those who gave predictions.

2018 election - yikes - "Fasten your seat belts, its going to be a bumpy night!"

Originally Posted by InVinoVeritas (Post 12397645)

Oil price seems to be the most significant factor.

Originally Posted by ssoomro (Post 12401309)

here is the latest news: https://www.thestar.com.my/business/...-rise-further/