Exchange Rates for RM

[enjoylife77]

Yes, I am sure. With rate at RM2.86 and weakening, I am even more sure as time passes.

Err are you sure the obvious winners are those with no big tickets? After 30 years at least those "losing on rm" has a house in Malaysia to retire and relax.

 

[sgcount]

It gets riskier and riskier by the week!


(suntzu, your mailbox is full. Please clear before you can receive more messages.)

 

[sgtsk]

Yes, I am sure. With rate at RM2.86 and weakening, I am even more sure as time passes.

For those with leasehold prop 99 years, the prop would likely be worth zero after 99 years and lost.

 

[cow138]

How will the development be affected by the ringgit fall?
Building costs will definitely be going up.
Much wondering how does the developer hedge against unexpected inflation.

I hope that they'll not be compromising on the build quality of the development.

 

[nitecrawllerr]

CIMB online TT at $2.83 now…

2.8401 now

That means MC can get more

 

[RedsYNWA]

Many developers are also the main contractor through a subsidiary while some are in partnership.
Even if the developer is totally not related to the main contractor but if the main contractor gets into financial difficulties, its matters as much.

Errr... how many developers listed below are also the main contractor?
- Capitaland, Keppel Land, CDL, SP Setia, Eco World, Sunway, R&F, Country Garden

Also main contractors only get paid based on % of completion, so if a main con CMI, developers will switch to another 1. Just like the LTA Downtown Line project.

 

[crisanne]

Where is the money chg shop

 

[snowbird]

Errr... how many developers listed below are also the main contractor?
- Capitaland, Keppel Land, CDL, SP Setia, Eco World, Sunway, R&F, Country Garden

Also main contractors only get paid based on % of completion, so if a main con CMI, developers will switch to another 1. Just like the LTA Downtown Line project.

Changing Main con is the last thing a developer would want to do.
Switching main con is a very tedious job and will cause undue delay to the project by months and yes, just like what happened to the Downtown Line you mentioned.
Any delay means money and a re-tender may raise the final construction cost tremendously.
The developer's architect, engineers, QS etc has to do a thorough assessment of actual work done to prepare re-tender documents which takes time
For very large project, retendering exercise alone already takes at least 3 months where international companies are expected to participate while the new main con needs some time to mobilize to commence work upon awarding the contract.

 

[snowbird]

RM rebound slightly today to US$1 : RM3.99 due to positive report by BNM yesterday who also dismissed the issue of pegging the RM to any currency..
Putrajaya had also said they will "take steps to defend the RM", but with the unresolved political scandal and fast shrinking Reserve...........let's see how.

 

[sgtsk]

May I ask if it is better rate in general to change sgd to ringgit at money changer in Singapore or money changer in jb?

 

[enjoylife77]

Change in JB

 

[Frodo]

Change in JB

Yesterday evening rate at Permas Jaya 2.845

 

[louvre]

CIMB online TT at $2.8811 now!!!
Delicious!!!

Can remit from DBS to Malaysian bank account too. Limit Rm 10k daily. No additional fees or charges. Current rate is 2.86.

 

[matix]

CIMB online TT at $2.8811 now!!!
Delicious!!!

XE currency at 2.9193... Like that we will see 3.0 in coming weeks or even days? Faint..

 

[ahboy123]

XE currency at 2.9193... Like that we will see 3.0 in coming weeks or even days? Faint..

Dont panic , going to 4 end this year, najib try to max drop the rinngit , he has usd 700 million to change

 

[enjoylife77]

New historical low RM2.93,,,,,,,,,, so the obvious winners are those with no big tickets..... any more argument?

Yes, I am sure. With rate at RM2.86 and weakening, I am even more sure as time passes.

Err are you sure the obvious winners are those with no big tickets? After 30 years at least those "losing on rm" has a house in Malaysia to retire and relax.

 

[RedsYNWA]

New historical low RM2.93,,,,,,,,,, so the obvious winners are those with no big tickets..... any more argument?

U mean to say the obvious winners are most who have kept their cash in the bank these few years? Are these people really "winners"?

 

[freekazoid]

The obvious winner are the purchases with DIBS

 

[sgtsk]

Change in JB

Thank you!

 

[sgtsk]

Thank you guys!