F0126: Will the Ringgit Hit RM4.00 by Year-End?? (With Experts Hann and Sani)
Listen now
Description
The ringgit’s performance in the past two weeks is unreal. It has gained 3.50% in 8 days, from RM4.6588 to a 12-month high of RM4.4320, before settling at RM4.4635 against the US dollar. This massive movement has not been seen since November 2022, when the local note strengthened from RM4.7380 to RM4.50. In this session, financial experts Hann and Sani are back to talk about the ringgit's movements, what it means for you, and most importantly, will it hit RM4.00 before 2024 ends? ----------- Timestamps: (00:00:19) Why is the ringgit soaring? What's happening? (00:07:50) What does a stronger ringgit mean for investors? (00:12:06) There has been tons of good news for Malaysia recently. Did these help prop up the ringgit? (00:14:33) Is the ringgit fairly valued at RM4.50? (00:20:40) Year-end forecast for the ringgit? Will it hit RM4.00? (00:28:59) Is it a good time to invest in the US Dollar? (00:34:10) How can investors take advantage of the strengthening ringgit? (00:38:07) How will the S&P's recent retracement affect the ringgit and the FBMKLCI? (00:44:22) What assets are you looking at right now? (00:47:50) QnA from our Patrons -------------- Hann is a personal finance expert with over a decade of experience in the financial industry. Previously the CEO of RinggitPlus, he is qualified as a licensed financial planner (CFP) and a chartered financial analyst (CFA), and has helped tens of thousands of Malaysians on their path toward financial literacy. Hann is currently the founder of Halogen Capital, the world's first Shariah-compliant crypto fund that provides institutional exposure to Bitcoin. Our other speaker, Mr. Sani Hamid, is an economist and certified financial planner (CFA). He’s a frequent commentator in the media and has over 30 years of experience in the financial markets, having worked for companies such as S&P Ratings as a Director in the sovereign team overseeing the ratings of countries such as Indonesia, India, Malaysia, and Singapore. Hann’s socials: https://twitter.com/ooihann Sani’s socials: https://twitter.com/sanihamid -------------- Your time is valuable and you hate sifting through the web for information. We get it, so let us do the work for you. By joining our WhatsApp group, you’ll receive financial updates - best FD rates, currency movements, and more on a daily basis. ✅ 194 people have joined, and only 2 unsubscribed (so far). ✅ We don’t spam. ✅ It’s $0.25/week. ✅ Pay monthly, cancel anytime. Try the First Week for Free: https://www.patreon.com/TheFuturizts -------------- DISCLAIMER: The information contained in this podcast is for informational and educational purposes only. Nothing herein shall be construed as financial, legal, or tax advice. The opinions expressed in this podcast are solely those of the speakers.
More Episodes
After signing the documents on Monday (7 Oct), PM Anwar expressed optimism for next year’s budget, noting that it will strengthen the local economy and equalize income distribution. While the details have yet to be announced, Budget 2025 will set the tone for Malaysia and the rakyat for the rest...
Published 10/14/24
On Friday (27 Sept), the Ringgit hit its highest point since June 2021. At RM4.1220 versus the US dollar, it has gained 12.19% since the start of the year and has blown past the year-end target of analysts, with the most optimistic forecast at RM4.20. The average predictions were at...
Published 10/02/24
Published 10/02/24