RM6 to GBP1
 

It's finally arrived.
Six Ringgits to the Pound this afternoon.

JC3

Re: RM6 to GBP1
 

:thumbsup:

Re: RM6 to GBP1
 

There is good reason to believe that there is plenty more mileage in the GBP/RM.

Re: RM6 to GBP1
 

Ah you beat me to it.

I was going to do a way hey, wowowow kind of thread about it.

Looks like I'm moving just at the right time.

Re: RM6 to GBP1
 

Any advance on 6.1 ?

JC3

Re: RM6 to GBP1
 

My bet is 6.17

Re: RM6 to GBP1
 

I see it briefly touched 6.17 this morning.

Re: RM6 to GBP1
 

I reckon it will be RM10 to 1GBP.

Just before I'm ready to buy 7 bikes here :p

On a more serious note, it looks like here is following the China trend of people keeping there cash under the bed and not spending at this time. I had to sell my bikes at 40% less than they would have been worth 8 months ago in China. Most bikes have been for sale for over 6 months there now and there are no takers unless you drop the price by at least 40%.

I'm looking at all the ad's and websites in Malaysia that sale used bikes and I'm seeing the same thing but not on such a big scale. There seems to be many bikes that have been for sale for over 3 months with very few buying here. No one has dropped the prices yet, but it seems to be a buyers market and I'm going to wait out until at least 30% comes off the prices people are asking for now, which are 100% more than the west anyway.

In China all that's really happened is the prices have gone to what the bikes are really worth if you bought them in Europe or the USA. Before that everyone just took the piss with the prices of everything. But it seems like there is no place for piss takers in the world we are entering at the moment. Its about time really, as you can only take the piss so much and only be crap for so long. Karma is a bitch, and its coming to a town near you right now. If you have any dirt on you at all, be prepared to be swept away when nature starts its clean in September.

Re: RM6 to GBP1
 

You may be right - 6.28 now!

Re: RM6 to GBP1
 

Hi Owned,

I read your post and am left wondering if the online ads for used motorbikes in Malaysia are anything like those for property. I’ve found with the online property ads:

• That the purchase or rental ‘asking price’ can be anything up to 66% higher than what the owner is willing to accept, i.e. you may be able to negotiate a discount of up to about 40%. I don’t understand why Malaysians bother with this crazy asking price business - one would think ‘greed’ would put off potential buyers altogether.
  
• Agents leave up their advertisements for months, even years, after the property has been let or sold. This seems to be done to fool potential tenants/clients into believing they do a lot of business, and/or to 'hook' potential customers - "That one gone, lah. How about this one?"

If used motorbike sellers are acting anything like property sellers with their ‘in your dreams’ asking prices, I suggest you put in an offer, rather than wait for the advertised price to fall.

That said the ringgit is weakening right now…

Good luck anyway

JC3

Re: RM6 to GBP1
 

Hi owned
I sent you a PM concerning bikes in Malaysia.

I think many adverts here are very old as there doe snot seem to be a willingness to take them down once something is sold.

6.277 and still climbing. I am sure this is not so good for the long term but pretty cool for changing money right now.

Re: RM6 to GBP1
 

nothing like currency swings going your way!

Re: RM6 to GBP1
 

6.37

Come to daddy, come to daddy.

The bikes are getting closer.....

Re: RM6 to GBP1
 

Ringgit depreciating further today 6.42 to the pound this evening

JC3

Re: RM6 to GBP1
 

It's an awe-inspiring, jaw-dropping spectacle, to watch the ringgit free fall - and the scary thing is (this morning, it's trading RM6.67 to the £), I don't think terminal velocity has been reached yet!