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- Aug 3, 2008
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A relative of mine was asking me whether it make sense to take out his RM and change it to S$. Initially he was attracted by the FD rates, I believe it's 4 plus % for a year.
Now with the drop in RM, it's already at a loss even if he did not complete the FD.
The rate he changed I think its 2.68 or 2.7. Amount is S$80,000 or RM216,000 at that time.
I told him to leave it as it is if he does not need the cash.....
But he told me heart pain.....if RM continues to drop
Now with the drop in RM, it's already at a loss even if he did not complete the FD.
The rate he changed I think its 2.68 or 2.7. Amount is S$80,000 or RM216,000 at that time.
I told him to leave it as it is if he does not need the cash.....
But he told me heart pain.....if RM continues to drop