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Exchange Rates for RM
- Thread starter crystal_tiong
- Start date
Tru true true
Although I am not an investor as I bought my humble abode ie for weekend use and eventually retirement home, it means the mortgage payment is leser after exchange. Where can u get now for d price of BTO when I bought the 3storey freehold semi D in 2012? Am so glad that I chanced upon this forum in 2011 and read Bro Wuqi's narratives and really considered seriously msia as alternative to sg for us as a family in the future and seize the day eventhough spouse had serious reservation. Now she is the one bugging me why never go back jb home lol
Although I am not an investor as I bought my humble abode ie for weekend use and eventually retirement home, it means the mortgage payment is leser after exchange. Where can u get now for d price of BTO when I bought the 3storey freehold semi D in 2012? Am so glad that I chanced upon this forum in 2011 and read Bro Wuqi's narratives and really considered seriously msia as alternative to sg for us as a family in the future and seize the day eventhough spouse had serious reservation. Now she is the one bugging me why never go back jb home lol
- Joined
- Jan 17, 2014
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- 1,226
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- 0
Like that those with cash don't dare to pay full in cash.. Might as well take maxi loans to play safe at this rate RM is dropping.
Just open CIMB acc.
- Joined
- Jun 6, 2013
- Messages
- 122
- Points
- 18
Cool. Malaysia or sg?
Interest earned (savings) in CIMB a/c better off than POSB
Can spore branch help u open my a/c if u open a/c with them in sg?
You have to open one account from each side.
Im sorry. My limited knowledge is that they will not. But if a Super high net worth customer that i won't know.
I will just share what i did. As my future taman is at Setia Indah, i opened a Money Multiplier ac with CIMB (Taman Daya). Rem apply for online banking!
The MM ac pays 2.5% interest if ur acc bal is abv 10k. MM Allows 3 foc transactions per month. Comes with cheque book and atm card with mastercard facility.
Afterwhich i opened an account with CIMB spore at Raffles Branch. Same comes with cheque book & atm card but no visa/master facility. Rem apply online banking!
Afterwhich i log in online to link up my Myr & Sg account. If i'm not wrong takes about 1week. Notification via online message / hp sms.
Once the accounts are linked. U may do your online TT among the SG & Myr CIMB accounts instantly with conversion rate shown before u click Confirm!
Hope i did not miss out anything as it's been a year. Hope these information is useful.
Cheers!
I will just share what i did. As my future taman is at Setia Indah, i opened a Money Multiplier ac with CIMB (Taman Daya). Rem apply for online banking!
The MM ac pays 2.5% interest if ur acc bal is abv 10k. MM Allows 3 foc transactions per month. Comes with cheque book and atm card with mastercard facility.
Afterwhich i opened an account with CIMB spore at Raffles Branch. Same comes with cheque book & atm card but no visa/master facility. Rem apply online banking!
Afterwhich i log in online to link up my Myr & Sg account. If i'm not wrong takes about 1week. Notification via online message / hp sms.
Once the accounts are linked. U may do your online TT among the SG & Myr CIMB accounts instantly with conversion rate shown before u click Confirm!
Hope i did not miss out anything as it's been a year. Hope these information is useful.
Cheers!
Oic thks bro. If they are truly customer centric am sure they can do it. U see their 'parents' are the same, its the 'siblings' are fr diff ctries haha. But i may just do what u n bro dcputeri did. Cos my U** Bank very limited service and not to mention branches. My flexi a/c with them is due to the loan i took,
- Joined
- Oct 3, 2012
- Messages
- 2,705
- Points
- 48
Oil edges up toward US$65, traders see more downside
11 Dec 8:11 PM
[LONDON] Oil edged higher on Thursday towards US$65 a barrel helped by a weaker US dollar, although prices remained close to a five-year low on signs that already ample supply will be even more plentiful in 2015.
Crude prices sank on Wednesday as Opec forecast an increasing supply surplus in 2015, US crude inventories unexpectedly rose and Opec's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut.
North Sea Brent crude rose 63 cents to US$64.87 by 1112 GMT, up from Wednesday's low of US$63.56 - the weakest since July 2009. US crude, which also hit a five-year low on Wednesday, rose 48 cents to US$61.42.
"Brent could be seeing a bit of short-covering and it could have quite a sharp rally after yesterday, but the market would still look just as bearish," said Christopher Bellew, a senior oil broker at Jefferies in London.
"It would be unwise to say the market has marked the bottom."
Brent has fallen more than 40 per cent, or US$50, from its 2014 high reached in June. Commerzbank, which cut its 2015 Brent price forecast to US$73 a barrel from US$82, also said it is too early to see an end to the losing streak.
"We may see some technical bounces, but it is too soon to speak of a sustainable price recovery," said Carsten Fritsch, analyst at the bank.
A slightly weaker dollar gave sentiment a boost in commodity markets. A weak dollar makes oil and other dollar-denominated commodities cheaper for holders of other currencies.
Opec said on Wednesday demand for its crude in 2015 would fall to its lowest in more than a decade, indicating a large supply surplus in 2015 without Opec output cuts or a slowdown in the US shale boom.
The prospect of any Opec cut remained slim as Ali al-Naimi, the Saudi oil minister, on Wednesday questioned the need for one, sticking to his stance outlined at Opec's meeting on Nov 27 despite a US$13 drop in prices since then.
At the meeting, Saudi Arabia and its Gulf allies urged fellow Opec members to combat the growth in US shale, which needs relatively high prices to be economic and has been eroding Opec's market share, by resisting output curbs.
REUTERS
http://www.businesstimes.com.sg/ene...dges-up-toward-us65-traders-see-more-downside
11 Dec 8:11 PM
[LONDON] Oil edged higher on Thursday towards US$65 a barrel helped by a weaker US dollar, although prices remained close to a five-year low on signs that already ample supply will be even more plentiful in 2015.
Crude prices sank on Wednesday as Opec forecast an increasing supply surplus in 2015, US crude inventories unexpectedly rose and Opec's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut.
North Sea Brent crude rose 63 cents to US$64.87 by 1112 GMT, up from Wednesday's low of US$63.56 - the weakest since July 2009. US crude, which also hit a five-year low on Wednesday, rose 48 cents to US$61.42.
"Brent could be seeing a bit of short-covering and it could have quite a sharp rally after yesterday, but the market would still look just as bearish," said Christopher Bellew, a senior oil broker at Jefferies in London.
"It would be unwise to say the market has marked the bottom."
Brent has fallen more than 40 per cent, or US$50, from its 2014 high reached in June. Commerzbank, which cut its 2015 Brent price forecast to US$73 a barrel from US$82, also said it is too early to see an end to the losing streak.
"We may see some technical bounces, but it is too soon to speak of a sustainable price recovery," said Carsten Fritsch, analyst at the bank.
A slightly weaker dollar gave sentiment a boost in commodity markets. A weak dollar makes oil and other dollar-denominated commodities cheaper for holders of other currencies.
Opec said on Wednesday demand for its crude in 2015 would fall to its lowest in more than a decade, indicating a large supply surplus in 2015 without Opec output cuts or a slowdown in the US shale boom.
The prospect of any Opec cut remained slim as Ali al-Naimi, the Saudi oil minister, on Wednesday questioned the need for one, sticking to his stance outlined at Opec's meeting on Nov 27 despite a US$13 drop in prices since then.
At the meeting, Saudi Arabia and its Gulf allies urged fellow Opec members to combat the growth in US shale, which needs relatively high prices to be economic and has been eroding Opec's market share, by resisting output curbs.
REUTERS
http://www.businesstimes.com.sg/ene...dges-up-toward-us65-traders-see-more-downside
Looks like RM could weaken further and probably hit 2.7 in 2-3 months' time in view of larger oil supply surplus in 2015. As long as US continues with its shale oil industry, OPEC will continue to drive down oil price.
It is 2.67 now. You can save yesterday, but still lose today :p
exact location??????? thank you.
- Joined
- Sep 2, 2014
- Messages
- 487
- Points
- 18
Advisable to adopt the view that RM$ will gradually weakened vs S$ when investing in Malaysia property.
Look at how DJI dropped last evening with 300over points and Crude oil down to $57.xx, MYR will continue to weaken.
It is only worth to change if interest in your Malaysia bank is high of at least 4%. Otherwise, keeping SGD may be a better bet.
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