Exchange Rates for RM

[captainjones]

20 Feb WealthGate TT rate is 2.48

 

[Lyc396]

Thanks for e info.

19 feb morning, dollar exchange TT rate is 2.491.

 

[Skooz]

tt at arcade at 2.49

 

[currahee]

excitedly waiting for >2.5

 

[typh00n]

is it cheaper to do a bank transfer of SGD 40k to malaysia's external a/c as compared to remit via exchanger @ S$10 per sey?

When you do a bank TT direct to your malaysia bank a/c the good thing is there is no 10k limit.
But the forex rate is determined by the malaysia bank , not local bank.
For large amounts the difference can be in thousands.

 

[captainjones]

When you do a bank TT direct to your malaysia bank a/c the good thing is there is no 10k limit.
But the forex rate is determined by the malaysia bank , not local bank.
For large amounts the difference can be in thousands.

Thanks for the tip, typh00n.

 

[captainjones]

21 Feb WealthGate TT rate is 2.48

 

[aliensmotor]

excitedly waiting for >2.5

Mee too. I would pump in 20k first once hit 2.5

 

[vincentck]

Raffles @ JP TT rate of 2.489, display rate was 2.487

 

[Skooz]

i tt at 2.49 at crown remittance at the arcade.

 

[jade apple]

i tt at 2.49 at crown remittance at the arcade.

I TT at dollar exchange @ 2.488 (21 feb)

 

[arsenal]

TT rate this morning @ 2.487 (27 Feb) Crown Remittance

 

[vincentck]

TT rate this morning @ 2.487 (27 Feb) Crown Remittance

Is Crown Remittance at The Arcade?

I called Raffles MC @ Jurong Point and they quoted 2.483 for TT rate

 

[DCputeri]

SGD-MYR exchange has weakened today as US$ strengthen.

 

[Inception]

Today (27/2)
Raffles Clifford TT 2.4888

 

[arsenal]

Many remittance company do not want to TT for non Malaysian. Anyone can recommend decent remittance that still provide such service for Singaporean?

 

[crystal_tiong]

todays cash rate at marsiling is 2481

 

[vincentck]

Today (27/2) TT rate if 2.485 at Raffles MC @ Jurong Point

 

[jade apple]

Many remittance company do not want to TT for non Malaysian. Anyone can recommend decent remittance that still provide such service for Singaporean?

I always TT in Jurong Point, Dollar Exchange. The rate is the same as Raffles and All Best in Juoring Point. If you think that the TT rate is good, can lock in the rate for the next 2 days TT. But need to pay the next 2 days commission too. The maximum amount for remittance is RM9,990. Commision is S$10 per TT.

 

[Mingchye]

http://www.themalaysianinsider.com/...en-rules-on-fixing-onshore-rates-for-ringgit/

Any forex gurus able to translate in layman terms how this may impact money changers and remittance dealing with MYR in sg?