Exchange Rates for RM

[arsenal]

You go to the remittance company, give them your account number, write them a cheque and there you go..
Admin fee is usually $10.. Raffles1 charge multiple $10 for each 10K but they no longer want to do this business.

how you transfer?...
exchange and then go there deposit? ..

any one have the TT rate and the respective administrative fees ? ..

I am thinking to transfer over some and put it inside the flexi account to offset the principal amount..

 

[smallestdog]

Hi, has anyone tried internet transfer between their CIMB Singapore and CIMB Malaysia accounts ? Apparently its free and instant and no limit is stated.

http://www.cimbclicks.com.sg/mastrans.htm

I already have a CIMB Singapore account with internet banking and I thought that if this cross border transfer is as good as it sounds, I will just open a CIMB Malaysia current account so that I can transfer money over each time I need to issue payment to developer. Based on the indicative exchange rates on CIMB internet banking, today's rate is 2.4230, which doesn't sound too bad for the convenience.

Any comments from people who have done this ? Thanks

 

[Talking Donkey]

hi guys n gals,
at my regular money changer in KL now
Rate is now rm2.44.90
after some haggling he cave in and gave me rm2.45
looks like we're heading towards rm2.50 by year end.

 

[Blue_S]

Just exchanged some RM at Parkway Parade yesterday.

Remittance 2.4425
Cash Exchange over counter 2.44

 

[crystal_tiong]

someone said this fri we will see a higher rate , so hold on first if u are not in a hurry to change in SG....

 

[CameraMan]

Inflation rate in Singapore has shot up. MAS is likely to quicken the pace of S$ appreciation. My personal prediction is that 2.55 is not impossible.

 

[arsenal]

Today managed to do a remittance at 2.45..

Inflation rate in Singapore has shot up. MAS is likely to quicken the pace of S$ appreciation. My personal prediction is that 2.55 is not impossible.

 

[RedsYNWA]

Today managed to do a remittance at 2.45..

Wah so high........I have been shortchanged by SSC for once. 244.5 today. Haiz.....

 

[crystal_tiong]

Wah so high........I have been shortchanged by SSC for once. 244.5 today. Haiz.....

Bro

usually remiitance is higher rate but i think he have to pay for admin fees of $10....
so yours is still not bad ....

 

[EDTBA]

Today managed to do a remittance at 2.45..

Hi Arsenal,

Pray tell, where did you do your remittance?

 

[arsenal]

I did that today at Sino..

Hi Arsenal,

Pray tell, where did you do your remittance?

 

[Grago]

I did that today at Sino..

Bro Arsenal, Sino at Parkway Marine Parade?

 

[arsenal]

Bro Arsenal, Sino at Parkway Marine Parade?

Yes..parkway parade..and they didn't charge me any service fees twice without me asking for it..

 

[Grago]

Yes..parkway parade..and they didn't charge me any service fees twice without me asking for it..

Thanks bro.

 

[DREAMorACTION]

So bro, how long do u think it will take to show the effect on lowering down the inflation? What is the lag time before we see the effect on the lower export volumes? One quarter? Thanks

Inflation rate in Singapore has shot up. MAS is likely to quicken the pace of S$ appreciation. My personal prediction is that 2.55 is not impossible.

 

[crystal_tiong]

Yes..parkway parade..and they didn't charge me any service fees twice without me asking for it..

so minimum must change how much then wont have admin fees?

 

[arsenal]

so minimum must change how much then wont have admin fees?

Just to clarify, I remit 100k RM to get zero admin fee..

Previously when I did same amount in raffles1, they charged me $10 for every 10k..

 

[crystal_tiong]

Just to clarify, I remit 100k RM to get zero admin fee..

Previously when I did same amount in raffles1, they charged me $10 for every 10k..

hmm , for raffles , i did some many remittances abv 10k , no admin fee at all leh ...

 

[CameraMan]

COE and housing cost are the two main drivers for the current high inflation. Govt may do something to curb housing cost rise. On the other hand, I don't think Govt is going to do anything about the high COE. Taking this into consideration, I guess current inflation rate is going stay for a while.

So bro, how long do u think it will take to show the effect on lowering down the inflation? What is the lag time before we see the effect on the lower export volumes? One quarter? Thanks

 

[arsenal]

I think the person serving you in raffles is a guy and the one serving me in Sino is a auntie..

hmm , for raffles , i did some many remittances abv 10k , no admin fee at all leh ...