Exploring Melbourne with a Stronger Ringgit?

Exploring Melbourne with a Stronger Ringgit

Latest news about ringgit?

These days, every media seems to be so happily supporting and reporting about ringgit. Latest one shows the below: Just google ‘ringgit’ Ringgit is now seen to be moving towards RM4.10 by year end. Well, if the momentum sustains, I think it could be even better / lower than what is being predicted. Just need to keep this momentum going because as an economy with trade surplus, ringgit should have been rising and not kept depreciating when everyone is buying our exports!

AUD versus Ringgit today versus one year ago

I was in Melbourne and my good friend showed me the Ringgit vs AUD exchange rate. Around a year ago, the exchange was AUD1 to RM2.89 and today, it’s AUD1 to RM2.67 In other words, within one year, AUD has dropped 8.2 percent or you can also say Ringgit appreciated by 8.2 percent. It does not really matter if we are up or they are down. When the ringgit is stronger, it’s time to travel a little more. Perhaps a trip to Melbourne then? Haha.

Just need to remember lah, 8.2 percent extra is not enough to pay for a typical AUD260 hotel room in Melbourne yeah. However, when we have meals, it definitely feels cheaper. I ate happily when my friend brought me to a Malaysian restaurant. Jalan Alor Malaysia is the name of the shop. The two dishes below cost just AUD10. (RM29) So, if everything else is the same, this meal is now just RM27. Saved RM2 per dish. Haha.

You want to say earning AUD is better than RM when we look at salary versus food price… right?

Haha. Many months ago, someone also told me that earning SGD and eating food in their food court is cheaper than earning RM and eating food in our kopitiams. I actually reminded him that if it’s just food price, then Hong Konger is even better for their earning versus their food price! After sharing with him the calculation for Hong Kong, he realized Hong Konger is better! If we look at just salary versus food price.

However it is NEVER about food prices yeah. Even if anyone can save an extra RM10 per meal or even SGD10 per meal, it will just be RM900 or SGD900 per month. Now imagine how much would it cost for someone in Singapore to buy a CONDO… versus someone in Malaysia buying a condo. The repayment is already many times whatever food price savings. Let’s not even start to talk about the Certificate of Entitlement (COE) to buy a car…

Food price versus property price, which is bigger impact?

It’s the same in Australia lah. Even if so called food price is low, it’s usually for Asian food. Typical sandwich or other fusion food in cafes and restaurants would still be easily AUD18 or higher. Typical price for a property in Melbourne, Australia? Hmm… Read here:

“The median property price in Melbourne varies by property type, with recent data showing a median of approximately $929,070 for houses and $608,614 for units..” Source: yourmortgage.com.au

There is no need to spend so much on property lah. Buy further away and price would be even lower. Please be reminded lah, the suburbs in Melbourne is one hour drive lah… So, please do compare apple to apple lah.

Just enjoy, no need to say so much, think so much okay?

No need debate too much yeah. No need to keep saying ringgit is bad, Malaysia is bad and then painting picture as if all other countries are so so so much better. Truth is, if they are, there’s NO NEED to say yeah. People already know. If you need to keep talking about it… I wonder why…

A nice photo among the amazing red tree It’s my 3rd trip to Melbourne.

Happy enjoying an appreciating ringgit.

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