Ringgit Malaysia (RM) rises to a new 8 year high of RM3.605/US$ on Friday, May 5, 2006! This meant that on July 21, 2005, Malaysian need to pay RM3.7995 to buy one US$, last Friday RM3.605 onlya A saving of RM0.1945 or 5.1%! Woh!!! This is fantastic! Time to indulge in luxury imported goods, Gucci, LV, Dior & etc..... It is also expected to rise to a range of RM3.5175 - 3.5600 in 12 months time. Should convert all US$ into RM now and buy back later when it reach 3.5175 in future! Gain of RM0.0875/US$. Who said making money is hard!
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As at yesterday, 24 June 2008, 12.00 noon, the FOREX rate provided by RHB Bank for RM/USD was RM3.303.
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