Malaysian Ringgit rate update

[IncredibleHulk]

Today LunchTime:-

CK ChinaTown :- S$100 -> RM254.80
People's Park Centre:- S$100 -> RM255.00


Hulk

[batty]

S$100 : RM300. I reckon this exchange rate can be achieved by December 2014 and will stay at this rate for a long time. Any comments? I try not to keep so much RM, convert them to S$ and bank them in banks in Singapore.

[AtlasShrugged]

Originally Posted by batty

S$100 : RM300. I reckon this exchange rate can be achieved by December 2014 and will stay at this rate for a long time. Any comments? I try not to keep so much RM, convert them to S$ and bank them in banks in Singapore.

Seriously, I dunno.
I take the other approach... Change what I need, average out the rate.

[LoveGoodMassage]

Originally Posted by IncredibleHulk

Today LunchTime:-

CK ChinaTown :- S$100 -> RM254.80
People's Park Centre:- S$100 -> RM255.00


Hulk

People's Park Centre S$100 = RM255.50

[diputs1269]

Originally Posted by LoveGoodMassage

People's Park Centre S$100 = RM255.50

So fast from RM255 to RM255.50 another 50 sens added

[diputs1269]

Originally Posted by LoveGoodMassage

People's Park Centre S$100 = RM255.50

So fast from RM255 to RM255.50 another 50 sens added Reaching RM256 very soon

[Loveboy30]

Originally Posted by diputs1269

So fast from RM255 to RM255.50 another 50 sens added

I was there around 2pm, one displaying RM 255.20, asked another RM255.00, walk further in, saw another RM255.50, changed S$500.

[AtlasShrugged]

Northpoint only 254
Sembawang Shopping 255

I am waiting 257 by friday..

[upmountain]

The internet rate has been holding steady around 2.57 to 2.58 over the last couple of weeks after Hari Raya. Sometimes it would hit up to 2.58+ and usually within a few hours it will fluctuate down to 2.57 again. This has been quite a constant pattern.

Of course during the period leading up to the Hari Raya Holidays, the money changers were all giving extremely poor rates like 2.47 - 2.49. After the holiday period, then we start to see the rates being offered going up on a day by day basis. From 2.5 to 2.51 and then to 2.54 (which was the standard rate over the next few days).

Last night, the internet rate suddenly shoot up to 2.59+! Almost touch 2.6! I expected it to drop back into the 2.58 or even the 2.57 territory today but at the moment, its still at 2.594.

So I guess that's why some money changers are now giving 2.555. If this current internet rate holds, I think it may be possible to get 2.56 to 2.57 by the weekend.

That's just based on the observing the trend between the internet and real market rates.

[AtlasShrugged]

Originally Posted by upmountain

That's just based on the observing the trend between the internet and real market rates.

Haha.. Someone here knows how to check out actual rates too.

[Goatslooter]

I'm now finding a way to get the internet rate as advised by one bro here.....u know who you are? My colleague told me there is service charge by the bank? yet to find out personally soon.

[AtlasShrugged]

Originally Posted by Goatslooter

I'm now finding a way to get the internet rate as advised by one bro here.....u know who you are? My colleague told me there is service charge by the bank? yet to find out personally soon.

Internet rate are between banks ... not what we can reach.
From internet rate, we reduce some for the money changers to make.
Interbank rates does not apply to HCM black mkt rate which is usually higher.

[Ninja_Assassin]

Originally Posted by batty

S$100 : RM300. I reckon this exchange rate can be achieved by December 2014 and will stay at this rate for a long time. Any comments? I try not to keep so much RM, convert them to S$ and bank them in banks in Singapore.

That's the target level where Najib wants the ringgit to be...... but whether achievable or not oso need to see whether Bank Negara have the financial muscle to support this level?

[scorelan]

Hope it go up further... Cheers.

[Powersex]

Latest rate: SGD$1= RM2.57