Did you check the latest rates of USD vs. MYR? It's approximately USD1 to MYR3.32, and when we remit money home, the bank will only be paying us a rate of 3.28 or later. Remember the time when we had 3.80. That's heaven!
But from what I understand, next year, the MYR will not be "propped up" especially after the elections, and the rates will be adjusted again to a more comfortable rate to us who are earning USD.
I hope that will come sooner because we are already "losing" on the exchange. A friend said that this is free money that we are earning but EH... since when is money free? I am bleeding for mine. Are you not?
But from what I understand, next year, the MYR will not be "propped up" especially after the elections, and the rates will be adjusted again to a more comfortable rate to us who are earning USD.
I hope that will come sooner because we are already "losing" on the exchange. A friend said that this is free money that we are earning but EH... since when is money free? I am bleeding for mine. Are you not?
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