USD1 - MYR3.33776 | Ramblings of an e-trader

Monday, 12 November 2007

USD1 - MYR3.33776

The Ringgit has been fluctuating like crazy against the USD the whole week. Since yesterday was Sunday and Friday's rate was used, I received a lower rate. The USD rose a little today compared to Friday but then my money is already in my account. Haihhh I guess with currency fluctuations like this where we have no control, we sometimes win some, sometimes lose some.

I was totally surprised that my withdrawal was cleared to my debit card even on a Sunday. I thought that I would have to wait till Monday evening, which is totally fine with me and I would even have gotten today's rate. Never mind, I am just darn glad that everything is smooth sailing so far.

The Ringgit has strengthened against the USD quite significantly over the past two years. As a trader who imports my stocks from the United States, of course this is good news to me but then I am losing money from my other concerns that bring in USD.

We’ll just have to see which direction the currencies go in the coming months. I hope that they will stabilise a little, though!

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