With Malaysia Ringgit depreciating at the moment, there is no doubt that now is the "cheapest" time to purchase an iPhone in Malaysia.
Take note that your purchase in US is subject to tax (9% in California) whereas purchasing a phone in Malaysia do not have tax at the moment.
Extra note, iPhone 5S is the most expensive iPhone.
Apple raises Russia iPhone price 25% after Ruble drops,
Hopefully this doesn't happen to Malaysia in next few months.
Click the following link to purchase your iPhone from Apple Store Malaysia http://store.apple.com/my/iphone
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