Malaysian Ringgit rate update

[throne]

AMK Central 262.50

[clean&neat]

Today Mid Valley KL money changer 2.642

[katak]

Clementi Mall S$100 = RM265



Arcade Money Changer
Malaysia RM 37.40 2.650

http://www.arcademoneychangers.com.sg/ratesbiglogo.asp

[clean&neat]

Today at mid valley 2.645. Seems SG better rate.

[braxlex]

This afternoon at Arcade, Raffles Place: SGD100 = RM265.5

[Kalv]

Today lunchtime at Raffles City: SGD100 = RM261
Hotel Grand Pacific (Victoria Street): SGD100 = RM264

Wishing all a nice day.

Singapore/Malaysian Ringgit Exchange Rate Chart: http://www.tititudorancea.com/lib/fx...myr_10days.png

[throne]

Amk hub 265

[petelim]

Toa Payoh HDB hub - S$100 to RM265 (shop at the car park entrance to the MSCP; enter via HDB HQ next to the bus terminus). Closer to the hub lobby; its RM264.50 for S$200 and above.

[soblur]

KL Sentral 2.61
Mid Valley 2.635

[katak]

Ringgit hits 5-1/2 year low as oil slides, lags peers
Published: 13 January 2015

The Malaysian ringgit hit a 5-1/2 year low versus the dollar today, dented by a renewed slide in oil prices, underperforming on a day when most other Asian currencies were steady to firmer.

The ringgit touched a low of 3.5870 versus the dollar as of 0626 GMT (2.26pm Malaysian time), its lowest level since July 2009 according to Reuters data.

The ringgit fell as oil prices came under renewed pressure, with Brent crude falling to its lowest level in more than five years.

"The drop in oil prices will renew the pressure on the ringgit," Citi strategist Gaurav Garg said in a research note, adding that market sentiment towards Malaysian assets is likely to worsen despite a recent bounce in the prices of crude palm oil (CPO).

"Even though CPO prices have risen 12% since mid-December (as floods threaten supply) and despite the buffer from the geographically segmented nature of the natural gas market, market sentiment towards Malaysian assets will likely sour because fiscal policy becomes more challenging as energy prices fall."

The cost of insuring Malaysian sovereign debt has risen the most this year compared with that of its Southeast Asian peers as state investor 1MDB's financing woes grew and concerns deepened about the prospects for the net oil exporter's petroleum revenues.

Other than the ringgit, most Asian currencies were steady to firmer versus the dollar.

A fall in US Treasury yields was helping to weigh on the greenback and lending some support to Asian currencies, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore.

"The focus is on the dollar rather than Asia, so it all hinges on how the dollar performs," Okagawa said, referring to the near-term outlook for Asian currencies.

The US 10-year Treasury yield has fallen roughly 7 basis points this week, and last stood near 1.9%.

The won eased back versus the dollar, after touching a fresh two-month high of 1077.2 earlier today.

The won had gained support earlier after a rally in the Japanese yen tempered worries over possible won-selling intervention by the financial authorities. The Japanese yen touched a one-month high versus dollar earlier today, but later fell back.

Investors have reined in overly bullish views on the won bearing in mind that South Korean authorities have a predisposition towards keeping the currency competitive against the Japanese yen. – Reuters, January 13, 2015.


- See more at: http://www.themalaysianinsider.com/b....6z6UmN8X.dpuf

[hccheonger]

As at 13 Jan 2015
People's Park Centre
SGD1 = RM2.65

As at 14 Jan 2015
Holiday Plaza (JB)
SGD1 = RM2.62

Not necessary that you can get better rates in M'sia..

[throne]

Sembawang Shopping Centre 265.50

[katak]

14/1/2015 Clementi Mall 2.66 Arcade 2.672

[Kalv]

Today lunchtime at Arcade, Raffles Place: SGD100 = RM267.3
Peninsula Plaza: SGD100 = RM265

Wishing all a nice day.

Singapore/Malaysian Ringgit Exchange Rate Chart: http://www.tititudorancea.com/lib/fx...myr_10days.png

[AndyCock]

I got 2.675 rate yesterday. Good to cheong in Msia.. Haha