Exchange Rates for RM

[DCputeri]

It is rather low. I thought it should be at least 2.565.

 

[potter]

So arcade has the best exchange rate.
What's their address?
Many thanks!

http://www.thebestsingapore.com/best-place/money-changers-at-the-arcade-at-raffles-place/ (2nd floor, better xchange rate)

http://www.raffles1.net/currency.asp

 

[whoami]

It is rather low. I thought it should be at least 2.565.

But Bedok int 2.567

 

[wolverine23]

must be typo mistake.

No way for it to be 2.68 - 2.71

cimb :2.5388
Raffles:2.565
Arcade:~2.68-2.71

 

[potter]

must be typo mistake.

No way for it to be 2.68 - 2.71

2.568-2.571. :p

 

[Frodo]

2.56 money changer

 

[good2]

2.56 money changer

It seems that money changer give better rates than banks since banks have higher overheads like huge CEOs pay package.

 

[Investor]

It seems that money changer give better rates than banks since banks have higher overheads like huge CEOs pay package.

It depends. If the exchange rate fluctuates too quickly, banks follow the rates immediately but money changers take time(can be weeks) to follow.
So there can be instances where banks' rates are higher, or significantly lower depending on the direction of the sudden drastic change in exchange rate.

 

[good2]

It depends. If the exchange rate fluctuates too quickly, banks follow the rates immediately but money changers take time(can be weeks) to follow.
So there can be instances where banks' rates are higher, or significantly lower depending on the direction of the sudden drastic change in exchange rate.

Thanks, will take note of this.

 

[Gardener]

Thanks very much.

It depends. If the exchange rate fluctuates too quickly, banks follow the rates immediately but money changers take time(can be weeks) to follow.
So there can be instances where banks' rates are higher, or significantly lower depending on the direction of the sudden drastic change in exchange rate.

 

[LGLab]

yesterday i had changed 255.5 rm at bukit indah..

 

[LGLab]

nowadays if u changed more than 3000RM need to provde NRIC..

so terrible...

 

[Frodo]

nowadays if u changed more than 3000RM need to provde NRIC..

so terrible...

Singapore MC? SInce when?

 

[DCputeri]

Raffles 2.562 cash today.

 

[Narmi]

Saturday i changed @ Bedok Int 2.565

 

[crystal_tiong]

2558 @ acrade .

 

[wuqi256]

3 days back, changed at Bukit Indah at 2.56. Most of the shops at the round about only gave from 2.554 to 2.58.

 

[wuqi256]

Yesterday, same place changed at 2.55 only.

 

[DCputeri]

Bedok central is 2.56 today while raffles only 2.55. Exchange rate should be better next week. Good chinese new year FD promotion with banks in jb. Heard maybank is selling bonds this few days with good returns.

 

[avelc]

A few days ago Bedok Central also 2.56 for buying ringgit.

Bedok central is 2.56 today while raffles only 2.55. Exchange rate should be better next week. Good chinese new year FD promotion with banks in jb. Heard maybank is selling bonds this few days with good returns.