Exchange Rates for RM

[tutucake]

lot 1 exchange rate rm2.47 today at 1550hrs

Hows that possible when today's range is 2.4585 - 2.4651
hmmm....

 

[wolverine23]

no such thing.

Rate is around 2.47.

Wow that is interesting....
Internet Oanda is quoting 2.39895

 

[Walker]

no such thing.

Rate is around 2.47.

Yep, my bad for trusting http://www.oanda.com/currency/converter/
I was told that they were quite accurate.
But it does not seem so today...

 

[wolverine23]

use Yahoo. easiest.

Yep, my bad for trusting http://www.oanda.com/currency/converter/
I was told that they were quite accurate.
But it does not seem so today...

View attachment 8749

 

[westcoastbay]

Now XE already 2.45 something. At this rate, by CNY, it will be 2.40 or even lesser.

 

[kengheng23]

Lot 1 today rate rm2.46 at 1400hrs

 

[Narmi]

Lot 1 today rate rm2.46 at 1400hrs

Not so bad considerg cny round d corner only

 

[Walker]

Not so bad considerg cny round d corner only

Why does RM get stronger during CNY?
Is it because a lot of money gets sent back to Malaysia by PRs and Malaysians working in SG to celebrate the New Year?

 

[Walker]

Double Post......

 

[Narmi]

Why does RM get stronger during CNY?
Is it because a lot of money gets sent back to Malaysia by PRs and Malaysians working in SG to celebrate the New Year?

I guess its the case of dd & ss. Ss is lesser then dd so price of buyg RM more expensive rite

 

[wolverine23]

So after CNY, it will be weaker? As in back to 2.5?

I guess its the case of dd & ss. Ss is lesser then dd so price of buyg RM more expensive rite

 

[currahee]

Today 2.463 TT JP

 

[cheebye]

Re: Remitting big sum of money to Malaysia account.

Just to share to all bro n sis,

One day I wa trying to bank in rm 200k to my Malaysia bank account, I was told like those people here, only rm10k allowed.

But still I can bank in all the balance of 190k....so how?

Over the counter only rm 10k ..... But over machine you can do it in any amount. Just use cash deposit machine.

Do it day time la .... Got mata see see look look .... Safer.

So hope this helps.

 

[potter]

Re: Remitting big sum of money to Malaysia account.

Just to share to all bro n sis,

One day I wa trying to bank in rm 200k to my Malaysia bank account, I was told like those people here, only rm10k allowed.

But still I can bank in all the balance of 190k....so how?

Over the counter only rm 10k ..... But over machine you can do it in any amount. Just use cash deposit machine.

Do it day time la .... Got mata see see look look .... Safer.

So hope this helps.

Cool! You're the Man..!..sibuai kang ho.

 

[winners]

Re: Remitting big sum of money to Malaysia account.

I tried to bank in 30k over machine once. Yes they accept all.

But the system detected after that and the HQ called me say dont do it again if not they wont be responsible if the money cannot be refunded to us. Under the law more than 10k a day is strictly disallowed. Please take note.

If you have MM2H, then you'll be exempted from this limitation.

 

[Funds Transfer]

Re: Remitting big sum of money to Malaysia account.

I tried to bank in 30k over machine once. Yes they accept all.

But the system detected after that and the HQ called me say dont do it again if not they wont be responsible if the money cannot be refunded to us. Under the law more than 10k a day is strictly disallowed. Please take note.

Please try not to do that as it is risky to deposit so much money at the machines.
But if you have signed the option form or SPA, banks do allow deposits of more than RM 10K when presented with the docs.

 

[jade apple]

Re: Remitting big sum of money to Malaysia account.

Please try not to do that as it is risky to deposit so much money at the machines.
But if you have signed the option form or SPA, banks do allow deposits of more than RM 10K when presented with the docs.

Last Thursday, my brother went to hong Leong bank to bank in more than RM10k over the counter. The staff only accepted 10k and said foreigner cannot deposit more than 10k in one day . We told them the amount is for the purchase of house and the loan was taken from them, still they said no no . Evev if we use ATM to deposit also cannot . Asked her any other ways to do more than 10 k per day . Still no no .... But we tried in AMbank many times with more than 10k, no issues... Depends on your luck , sometimes can sometimes cannot

 

[Mingchye]

Re: Remitting big sum of money to Malaysia account.

Last Thursday, my brother went to hong Leong bank to bank in more than RM10k over the counter. The staff only accepted 10k and said foreigner cannot deposit more than 10k in one day . We told them the amount is for the purchase of house and the loan was taken from them, still they said no no . Evev if we use ATM to deposit also cannot . Asked her any other ways to do more than 10 k per day . Still no no .... But we tried in AMbank many times with more than 10k, no issues... Depends on your luck , sometimes can sometimes cannot

Can bank/deposit into developer's bank account right?

 

[jade apple]

Re: Remitting big sum of money to Malaysia account.

Can bank/deposit into developer's bank account right?

Yes, can deposit into developer account directly . What happened was he closed his account with ambank and took the money to deposit into hong Leong bank . This RM10000 restriction on foreigner is very unfriendly and not productive to the economy . It makes life for the foreigner difficult in Malaysia .

Currently, as and when I will do a TT of RM 9990 only to my Malaysia account . Even we can do a one time TT to the developer, I prefer not to do it . What if very unlucky, the money changer took my whole 10% of downpayment and missing in action ?

 

[austin_hts]

Re: Remitting big sum of money to Malaysia account.

I did that at standard chartered. The bank returned the extra cash to be via cheque and charged me service fee (abt rm 10-20)!

Just to share to all bro n sis,

One day I wa trying to bank in rm 200k to my Malaysia bank account, I was told like those people here, only rm10k allowed.

But still I can bank in all the balance of 190k....so how?

Over the counter only rm 10k ..... But over machine you can do it in any amount. Just use cash deposit machine.

Do it day time la .... Got mata see see look look .... Safer.

So hope this helps.