Real Estate & Currency Exchange News in Malaysia from Propertyshowrooms.com

Monitoring ringgit speculation

Mon, 5 Jan 2009 00:00:00 GMT

RINGGIT speculation abroad should be monitored so that Malaysia does not become a victim of opportunistic groups seeking to gain from the fall of the local currency, Datuk Muhammad Salleh Majid said...

Ringgit Ends Flat Against US Dollar

Fri, 17 Oct 2008 00:00:00 GMT

KUALA LUMPUR, Oct 17 (Bernama) -- The ringgit ended flat against the US dollar Friday on lack of strong buying interest, dealers said. At 5 pm, the ringgit traded unchanged against the greenback at...

Ringgit Opens Firmer Against US Dollar

Tue, 23 Sep 2008 00:00:00 GMT

KUALA LUMPUR, Sept 23 (Bernama) -- The ringgit opened firmer against the U.S. dollar on commercial demand as the greenback fell under pressure over the US$700 billion cost to bail out mortgage-related...

Malaysia rules out re-pegging ringgit

Tue, 23 Sep 2008 00:00:00 GMT

KUALA LUMPUR: Malaysia has no intention of pegging the ringgit to the dollar, Finance Minister Najib Razak said on Monday, ruling out calls to...

Ringgit Opens Slightly Higher Against U.S. Dollar

Mon, 15 Sep 2008 00:00:00 GMT

KUALA LUMPUR, Sept 15 (Bernama) -- The ringgit opened slightly higher in early trade Monday against the US dollar following lack of commercial demand for the greenback, dealers said. At 9.24am, the...

Ringgit Still At A Manageable Level, Says Ahmad Husni

Wed, 10 Sep 2008 00:00:00 GMT

KUALA LUMPUR, Sept 10 (Bernama) -- The recent depreciation of the ringgit is still at a manageable level, said the Deputy Minister of Finance I, Datuk Ahmad Husni Hanadzlah. "The depreciation is st...

Ringgit Closes Lower Against US Dollar

Tue, 9 Sep 2008 00:00:00 GMT

KUALA LUMPUR, Sept 9 -- The ringgit closed lower against the US dollar as the local currency succumbed to further selling pressure with the strengthening of the US currency, dealers said. The U.S...

Act now to benefit from strong pound, investors told

Thu, 19 Apr 2007 00:00:00 GMT

With the pound now at 2 USD level for first time in 15 years, British investors planning to buy property in countries where the dollar is the currency of choice should seek advice on how best to take advantage of the exchange rate.

This is the view of HiFX, which said that emerging hotspots, such as Malaysia and Brazil, are set benefit from the strong pound when it comes to property investment.

Sterling is now at its highest level against the US dollar since September 1992 and is currently about 20 per cent above its 20-year average of 1.65 USD.

Mark Bodega, marketing director at HiFX, said: "People looking to buy property in the USA, Caribbean, China Malaysia, Belize and a whole host of other emerging markets, should also look at financing their purchase now.

"For those planning to take the plunge and buy in a dollar country, now is a fantastic time to get the most for your money."

However, he urged property investors to consider securing their currency by locking the rate in a forward contract. In effect, this means buying the currency now and paying for it later.

This is particularly handy if the property purchase takes two or three months to complete, during which the currency could fluctuate, he added.

Although the pound hit 2 USD in 1992, it was only for a short period. The last time the pound traded consistently above 2 USD was in 1975.