Better exchange rate for RM$ in SG than in JB

[Yahgo22]

Can any bro explain why the exchange rate for RM$ here is better than in JB?

 

I saw the exchange rate for RM$ at Eastpoint money changer this morn at $231.50 but when I went to JB City Square this afternn, it was $230.

 

Strange rite, all along I thought the rate in Msia is higher.

 

Is it due to the fact that there are too much RM$ in sg becos many Msian gambler brought them over to sg casino.

 

 

Edited August 26, 2010 by Yahgo22

[Galantspeedz]

Can any bro explain why the exchange rate for RM$ here is better than in JB?

 

I saw the exchange rate for RM$ at Eastpoint money changer this morn at $231.50 but when I went to JB City Square this afternn, it was $230.

 

Strange rite, all along I thought the rate in Msia is higher.

 

look at it this way... in SG.. you can choose how much you want to change,where and when.... but in MY, for places where SG people likes to go... if you no money.. you die die have to change.. so because of this... the rate is lousier...

 

it also depends on how much demand SG notes are in MY..... the only place where i see better rates in MY is at permas jaya..

 

those popular places like city square, bukit indah, jusco, sentosa etc will have lousier rates

[Albeniz]

My favourite changers would be at Boon Lay, Suntec and Mustafa.

 

When you cross over, they know you are at their mercy and definitely need to change. Hence the poor rate.

[Dafansu]

the rate in singapore always better by about 2 rm, its still best to change here

[Chewbacca]

Actually, the displayed rate in JB isn't accurate. The guy will usually give you a bit better than the displayed one. I'm guessing that there's some sort of cartel going on but they try to undercut each other 'secretly'.

 

[Dankoo]

I realised its the same too for HKD...changing in SG even at airport better than in HK itself...

[Dafansu]

Actually, the displayed rate in JB isn't accurate. The guy will usually give you a bit better than the displayed one. I'm guessing that there's some sort of cartel going on but they try to undercut each other 'secretly'.

 

you referring to those shopping centres? not sure if those roadside shops practise this

[Subarugt]

if changing not alot than the diff is min as bear in mind they open late in jb for us to change money

[Chewbacca]

you referring to those shopping centres? not sure if those roadside shops practise this

 

Pretty much all. Roadside ones tend to offer better rates.

 

Like one said, if you try to exchange at mall, they have an advantage because chances are it's an unplanned exchange and you're needing the cash. Roadside ones are 'planned'.

[Good-Carbuyer]

Can any bro explain why the exchange rate for RM$ here is better than in JB?

 

I saw the exchange rate for RM$ at Eastpoint money changer this morn at $231.50 but when I went to JB City Square this afternn, it was $230.

 

Strange rite, all along I thought the rate in Msia is higher.

 

Is it due to the fact that there are too much RM$ in sg becos many Msian gambler brought them over to sg casino.

 

In Singapore, you may decide to have the foreign exchange done locally or later in Malaysia

In Malaysia you are most unlikely to return to Singapore to have the foreign exchange done, then go back to Malaysia one more time

You pay for the non-compromising situation (some may call it profiteering)

 

[Dafansu]

Pretty much all. Roadside ones tend to offer better rates.

 

Like one said, if you try to exchange at mall, they have an advantage because chances are it's an unplanned exchange and you're needing the cash. Roadside ones are 'planned'.

 

en route to Jusco i always see that those road side stalls have a lower rate than the Shopping centers

[Vhtfhwlego]

I realised its the same too for HKD...changing in SG even at airport better than in HK itself...

I went over to HKG, I use Master & some transaction, it gave me better exchange rate.

Furthermore, I got the 1% rebate = more savings too.

[Qpik]

can anyone plse recommend a money-changer whereby one can call and check the rate for amount above rm$5000? tia

[Robo]

can anyone plse recommend a money-changer whereby one can call and check the rate for amount above rm$5000? tia

 

go the arcade... many changer there and the rates are better than outside

[Jasonjst]

Can any bro explain why the exchange rate for RM$ here is better than in JB?

 

I saw the exchange rate for RM$ at Eastpoint money changer this morn at $231.50 but when I went to JB City Square this afternn, it was $230.

 

Strange rite, all along I thought the rate in Msia is higher.

 

Is it due to the fact that there are too much RM$ in sg becos many Msian gambler brought them over to sg casino.

 

This is because the Money Changers will eventually need to bring the Sing Dollar back into Singapore to be converted into USD , RMB, RP or whatever they need for their kind of market .... I dont think they need lot of Sing Dollar there are , there are very few SGrean work in MY .

[Altivo]

Can any bro explain why the exchange rate for RM$ here is better than in JB?

 

I saw the exchange rate for RM$ at Eastpoint money changer this morn at $231.50 but when I went to JB City Square this afternn, it was $230.

 

Strange rite, all along I thought the rate in Msia is higher.

 

Is it due to the fact that there are too much RM$ in sg becos many Msian gambler brought them over to sg casino.

 

strange... KL has better rates than Singapore... that's what I noticed.

[Beehive3783]

you referring to those shopping centres? not sure if those roadside shops practise this

roadside shops practice this too.. i always change S$200 at a go, and they always give me +RM2 above the displayed rate.

[Passion]

Malaysia rate are for show.They will give better rate than the display.