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SGD Strong, Ringgit Weak

64GB IPad Air 2 WIFI
Malaysia Apple Store online selling for RM2045 (including Malaysia GST n delivery)
Singapore Apple Store online selling for S$828 (including Singapore GST n delivery)
The price difference is S$100 (>10% margin)

Imagine you are a wholesaler in Malaysia
- you claim back Malaysia GST for export (if possible)
- you enjoy a lower cost because you don't need delivery service from Apple
- you sell in Singapore, consumers pay Sngapore GST

The gross-profit margin might be more than S$100
 
Runifyouhaveto said:
that is very close to bank spot.

Tell you a secret, during my last trip Penang the money changer quoted spot-rate when i sold SGD for ringgit,
No mark-up for RUN selling SGD
They will mark up 2.5 sen margin if you are doing the opposite (sell MYR)

I couldn't believe it at first.
absolutely no commission or spread because the local chinese community wanna hold as much SGD as possible
Penang, being in the far north, maybe SGD supply is not as abundant as Johor.
Click to expand...

Perhaps they are anticipating the RM to drop further. Hence the tendency to hold S$ and also US$ too.
 
greedy and cunning said:
just a observation , not to counter any of the postings in this thread.

when rate is 2.7/2.8 people rash in to exchange
do they deal in large amount like $5K , 10K ?
a week later the rate is 2.9 , do these people exchange again ?
what is the purpose ?
or they just change a few hundreds , a thousand or two so they
can buy things from malaya ?
when rate is 2.9 ,they repeat the same process ?
how many times they want do this ?
Click to expand...

Wah Lau you really sheltered, these transactions done by Malaysian working in Singapore, they will change thousands as part of their salary, sometimes they wait or they may change periodically.
 
Jiu hu kia Tonychat must be having a good time. Earning peanuts in SGD and when converted to RM, he gets a lot.
 
xebay11 said:
Wah Lau you really sheltered, these transactions done by Malaysian working in Singapore, they will change thousands as part of their salary, sometimes they wait or they may change periodically.
Click to expand...

i referring to sillypootians lah.
it is the sillypootians who praising the Pee ah Pee for making the $ so strong.
and they are expecting the ringgit to drop further.
 
Runifyouhaveto said:
Almost $700 million went into Malaysia PM's personal account: WSJ
http://www.todayonline.com/world/almost-700-million-went-malaysia-pms-personal-account-wsj

KUALA LUMPUR - Malaysian Prime Minister Najib Razak had close to $700 million in deposits from troubled state fund 1MDB wired into his personal account, the Wall Street Journal reported on Friday, citing documents from a government probe.
Click to expand...

..into his personnal account...this is like openly tell everyone that ...i run the country..I do what I like..
 
kezgtree said:
..into his personnal account...this is like openly tell everyone that ...i run the country..I do what I like..
Click to expand...

Leaked video, his wife needs people to help her put on shoes
once again ringgit tanked to 2.80 against SGD

[video=youtube;p1i4BxZ-k3Y]https://www.youtube.com/watch?v=p1i4BxZ-k3Y[/video]
 
Another Chio Malaysian girl wore decently in jeans and high-collar blouse got blocked because her blouse no sleeves.
http://news.asiaone.com/news/malaysia/‘i-thought-i-was-dressed-decently’

20150703_Dressing_TheStar.jpg


Maximum Boleh! hits new-high closing the week at 2.815
 
Froggy said:
Click to expand...


KUALA LUMPUR — Attacked by Putrajaya, US daily Wall Street Journal (WSJ) has insisted that its latest report on a money trail of some US$700 million (S$942.02 million) from 1 Malaysia Development Berhad (1MDB) into the personal bank accounts of Prime Minister Najib Razak are based on “solid” and “reliable” documents known to top government officials investigating the state investor’s finances.
http://www.todayonline.com/world/asia/wsj-defends-explosive-najib-1mdb-reports-lawsuit-looms
 
Runifyouhaveto said:
Leaked video, his wife needs people to help her put on shoes
once again ringgit tanked to 2.80 against SGD

[video=youtube;p1i4BxZ-k3Y]https://www.youtube.com/watch?v=p1i4BxZ-k3Y[/video]
Click to expand...

Ah run, maybe too fat to do it herself.
 
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