Exchange Rates for RM

[vincentck]

Just sharing, 3.065 at Superlink BI this evening.

 

[snowbird]

Those days S$1000 can also buy a cow, but these days S$1000 can't even buy a goat.

Don't know much about the market rate for goats and cows, how about chicken?

 

[enjoylife77]

Just sharing, 3.065 at Superlink BI this evening.

Thanks for update.

 

[ginfreely]

Don't know much about the market rate for goats and cows, how about chicken?

You all talking about the chicken, cow and goat in your own family. So what is the market rate now?

 

[Tekkun]

You all talking about the chicken, cow and goat in your own family. So what is the market rate now?

RM is not going to buy any cow, goat or chicken these days...at this rate, it might as well barter for dried chicken shit manure by kg.

 

[ginfreely]

RM is not going to buy any cow, goat or chicken these days...at this rate, it might as well barter for dried chicken shit manure by kg.

You talking about the chicken in your own family is a dried chicken?

 

[FHBH12]

Just sharing, 3.065 at Superlink BI this evening.

Try to TT from banks. Nowadays they are comparable to remittance or money exchange outlets. The widely fluctuating exchange rate makes these outlets more conservative in giving better rates.

You just have to set up a free saving account with a bank in JB. It is safer to bring across cash this way and you only draw what you need as ATMs are ubitiquous and it costs only $1 RM if you use other banks' ATMs.

I'm using DBS now and there is no fee until end of this year.

 

[Tekkun]

You talking about the chicken in your own family is a dried chicken?

When yr personal wealth dive down 30%, anything goes.

 

[ginfreely]

When yr personal wealth dive down 30%, anything goes.

You are speaking for yourself right?

 

[Investor888]

factor in recent price increase for past year, shiok feeling diminished.

Hmm I cant really feel much price increase in anything... most probably because I am saving about RM 10,000 a month for my business due to currency exchanges so little things like food grocies etc I cant feel the pinch.

 

[xebay11]

Try to TT from banks. Nowadays they are comparable to remittance or money exchange outlets. The widely fluctuating exchange rate makes these outlets more conservative in giving better rates.

You just have to set up a free saving account with a bank in JB. It is safer to bring across cash this way and you only draw what you need as ATMs are ubitiquous and it costs only $1 RM if you use other banks' ATMs.

I'm using DBS now and there is no fee until end of this year.

I have CIMB Singapore and CIMB Malaysia accounts and do Internet transfer with no fees, the exchange rate not so good though, now only 3.04 whereas can get more at money changers in JB. However it is more convenient as my CIMB atm card can draw cash and use as debit card.

 

[Frodo]

Hmm I cant really feel much price increase in anything... most probably because I am saving about RM 10,000 a month for my business due to currency exchanges so little things like food grocies etc I cant feel the pinch.

Save RM10000 a month? You are disgusting bro

 

[xebay11]

Save RM10000 a month? You are disgusting bro

Wow do I detect a hint of sarcasm?;-) He missed out a zero lah

 

[Frodo]

Wow do I detect a hint of sarcasm?;-) He missed out a zero lah

What? That means he save RM100,000 a month? That's even more disgusting! LOL!

 

[FHBH12]

I have CIMB Singapore and CIMB Malaysia accounts and do Internet transfer with no fees, the exchange rate not so good though, now only 3.04 whereas can get more at money changers in JB. However it is more convenient as my CIMB atm card can draw cash and use as debit card.

The spread at DBS is smaller. I believe you can get minimally 3.05 now. It's probably promotion period as its TT service to Malaysia is a relatively new product.

 

[vincentck]

Try to TT from banks. Nowadays they are comparable to remittance or money exchange outlets. The widely fluctuating exchange rate makes these outlets more conservative in giving better rates. You just have to set up a free saving account with a bank in JB. It is safer to bring across cash this way and you only draw what you need as ATMs are ubitiquous and it costs only $1 RM if you use other banks' ATMs. I'm using DBS now and there is no fee until end of this year.

Thanks bro. I have done transfer using DBS and also CIMB Sg to CIMB My; mostly for small amount or for urgent cash, specially CIMB since it's instant. But I still find the MCs give better rates. So, for larger amounts, I'll go to the MC.

 

[matix]

Thanks bro. I have done transfer using DBS and also CIMB Sg to CIMB My; mostly for small amount or for urgent cash, specially CIMB since it's instant. But I still find the MCs give better rates. So, for larger amounts, I'll go to the MC.

I am doing the exact opposite. For large amount, I will TT.

 

[cow138]

I would say that when the rates are changing very fast usually the banks will be much more competitive and give a better rate then the money changers.
But if the external rates are changing at a much slower rate then the opposite is true. Money changers would be much better.

Probably it's because the money changers needs some time to clear their older stock before they can offer the new rates.

 

[FHBH12]

Thanks bro. I have done transfer using DBS and also CIMB Sg to CIMB My; mostly for small amount or for urgent cash, specially CIMB since it's instant. But I still find the MCs give better rates. So, for larger amounts, I'll go to the MC.

With TT and market news, I can get better rates in the comfort of my house. Using remittance or money changer is very tedious for me.

 

[vincentck]

Each of us have our own reasons to use the different methods available, what's good is that we share the info so that everyone benefits.

Noticed that RM is strengthening now; anyone knows when is the next Fed meeting?