Exchange Rates for RM

[Booga]

Toa payoh central at S$9

 

[hippoheyhey]

Yes $10/transaction.
For RM150k, I still paid $10.

No point to tell you the rate I changed at as it varies day by day.
But it is better than money changer's rate and convenient location for me.

If remit to malaysia account still need admin fee? I thought only remit to malaysia sg account then need admin fee?

 

[Aisanbo]

Remittance to any account in Malaysia would have an admin fee of $10 (Wealthgate).
If the account in Malaysia is owned by non-malaysians, then limited to RM10k cash deposit into the foreigner's Malaysian account per day .
If they choose to use cheque to deposit into the foreigner's Malaysian account, then no restriction of amount per day.

 

[hippoheyhey]

Remittance to any account in Malaysia would have an admin fee of $10 (Wealthgate).
If the account in Malaysia is owned by non-malaysians, then limited to RM10k cash deposit into the foreigner's Malaysian account per day .
If they choose to use cheque to deposit into the foreigner's Malaysian account, then no restriction of amount per day.

oic thanks. if i want to use remittance company to remit S$ to malaysia malaysian account, so no RM 10k cash limit per day, but can i bring S$ cheque or only cash accepted?

 

[crystal_tiong]

hippoheyhey

if u remit abv 10k for malaysian acct at Raffles (jurong) , no admin fees .
Thats why Raffles is best since no admin charges abv 10k.
if u use cash , u can use the same day rate .

 

[hippoheyhey]

hippoheyhey

if u remit abv 10k for malaysian acct at Raffles (jurong) , no admin fees .
Thats why Raffles is best since no admin charges abv 10k.
if u use cash , u can use the same day rate .

thanks! so cheque is using ex rate on the day the cheque is cleared right? raffles only got one branch at jurong point right?

 

[crystal_tiong]

thanks! so cheque is using ex rate on the day the cheque is cleared right? raffles only got one branch at jurong point right?

for cheque , i think mingchye mentioned cash cheque , but last time when i called they told me cash terms only ....
yes , one in JP only.

 

[vincentck]

Hi, I just exchanged at 2.50 in Raffles. The lowest I saw was 2.495 at other MCs.

 

[Aisanbo]

oic thanks. if i want to use remittance company to remit S$ to malaysia malaysian account, so no RM 10k cash limit per day, but can i bring S$ cheque or only cash accepted?

Cash cheque or hard cash.
Should look at 'exchange rate + admin fee' as a whole.
It may be gimmick to waive the admin fee because they can give lousy exchange rates.
I have no comments which companies are better because I did not make comparisons ( should compare the rate at about the same time).

 

[crystal_tiong]

in e first place , raffles rates are quite gd , if remit more with better rates n no admin fee , u dun need to hv much brain cells to know which one benefits more .... and also depend which area is convenient to go too ... parking fees , petrol plays a part !

 

[Booga]

Thnks Crystal! Will check it out nxt time. U meant trsf > $S10k before translation?

 

[crystal_tiong]

Thnks Crystal! Will check it out nxt time. U meant trsf > $S10k before translation?

Hi sis

Its Rm10k abv

 

[westcoastbay]

No admin fee for RM10K at Dollar Exchange when I remit to a Malaysian owned bank account.

 

[crystal_tiong]

hmm , how come the rates diff so much !

Yishun : 248.50
SSC: 248.70
Raffles : 249.30
Acrade : 249.40

 

[LGLab]

anyone have rates for today? ..

seen xe.com it seems that ringgit had strengthen

 

[LGLab]

I just called arcade, quote me 247.50 even with SGD 5k exchange..

 

[vincentck]

I just called arcade, quote me 247.50 even with SGD 5k exchange..

I just converted $2500 at 2.478 in Arcade. Other MCs were showing 2.475 and 2.478

 

[crystal_tiong]

I just converted $2500 at 2.478 in Arcade. Other MCs were showing 2.475 and 2.478

wow , rate so bad and u changed so much ...

 

[vincentck]

Yah need cash on Monday to pay for some stuff and UEM. Cheque will take 2 days to clear. Anyway the rate won't change over the weekend and I think it will hover around this level for a while.

 

[crystal_tiong]

Yah need cash on Monday to pay for some stuff and UEM. Cheque will take 2 days to clear. Anyway the rate won't change over the weekend and I think it will hover around this level for a while.

maybe jb rate will be better leh ...