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With the Malaysian Ringgit strengthening, is it the right time to exchange more USD invested in United USD Cash Find-Class R?

$United USD Cash Fund-Class R (MYU0100A8420.MF)$
I exchanged USD too early last week and invested in United USD Cash Find-Class R, but the exchange rate loss outweighs the interest earned.
With the Malaysian Ringgit strengthening, is it the right time to exchange more USD?
I heard a rumor that the foreign company will adjust its price to 3.8.
Whether it's true or not,it's definitely bad news for the export industry.
With the Malaysian Ringgit strengthening, is it the right time to exchange more USD invested in United USD Cash Find-Class R?
With the Malaysian Ringgit strengthening, is it the right time to exchange more USD invested in United USD Cash Find-Class R?
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  • tain87 : now usd gain back..impossible to reach RM3.8

  • Harmmchue : Ringgit will not strengthen that much

  • Kenneth8K OP : I certainly hope not, as I've already exchanged a portion of my Ringgit for US dollars and invested in this fund.
    Nevertheless, some foreign market intelligence suggests that the USD could appreciate against the MYR, possibly reaching a rate of 3.8 MYR to 1 USD.
    I might consider waiting for the upcoming non-farm payroll figures to see if they could potentially shift the USD's momentum.
    Additionally, I'll be keeping an eye on the trends of other Asian currencies such as the JPY and CNY.

  • Thomas kuanvin : If you are naturally a MYR base investor then No unless you have a plan to invest Usd stock too while using Usd cash as your cash holding facility earning some yield.

    If your plan is only convert and earn yield from Usd cash, you must have a view that (1) US FED rate stay steadily high for longer and (2) Usdmyr should stable or recover from the current place because you want the interest income not dropping and you don't lose from currency

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