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Exchange Rates for RM

Immanuel said:
Hi malpaso, that was the message I received when I was waiting for the linked-up to be approved. But when I did my transfer to the MY money multiplier acct thru the 3rd party option, though they classified MM acct as current acct, they allowed me to do the transfer.
Click to expand...
Is there any service charges for using 3rd Party options ?
 
I guess it takes some time for money changer to "catch up". Don't be surprise if the money changer rates overtake the banks' rates.
 
Sweeve said:
I guess it takes some time for money changer to "catch up". Don't be surprise if the money changer rates overtake the banks' rates.
Click to expand...

It used to be that way, when it is like that again, people will go back to money changers and say bye bye to Cimb..
 
For money changers to give better rate; there must be someone behind whom is desperate to switch to SGD or USD. (money laundry type of thingy.)
I use to get 2.5 when spot is 2.5 using Malaysia money changer.

In Vietnam if spot rate is 16500 I can get 16600. That is a premium; but must bring SGD$1k note.

ginfreely said:
It used to be that way, when it is like that again, people will go back to money changers and say bye bye to Cimb..
Click to expand...

Congratulation; this is highest a bank given by far.

IRONMAN123 said:
2.5563 CIMB huat ah!
Gonna transfer 100k...
Click to expand...
 
Last edited:
ginfreely said:
It used to be that way, when it is like that again, people will go back to money changers and say bye bye to Cimb..
Click to expand...

Cimb is to transfer money. Money changers can't beat the RM20k limit a day. Taking cash doesn't help as the Malaysian bank will only allow RM10k a day deposit.
 
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