Tkseah Turbocharged September 8, 2015 Share September 8, 2015 wat's the rate at money changer today? ↡ Advertisement Link to post Share on other sites More sharing options...
OmOm 5th Gear September 8, 2015 Share September 8, 2015 Asian currencies are falling relative to the USD, only the rates of descent are different. It appears that we are in the early stages of a bear market and it may be a while before we see the end of the race to the bottom where asian currencies are concerned. The only chance for MYR to strengthen against SGD is if our own economy becomes embroiled in turmoil that exceeds what our neighbour to the north is experiencing. question really is where to get at 1:3 rate and where the bottom is. From recent events, it would seem like MAS will be having a discussion soon this month on how to peg the ringette as well to avoid further erosion. Link to post Share on other sites More sharing options...
Mohjoe 2nd Gear September 8, 2015 Share September 8, 2015 question really is where to get at 1:3 rate and where the bottom is. From recent events, it would seem like MAS will be having a discussion soon this month on how to peg the ringette as well to avoid further erosion. From chart, bottom could be very roughly around mid 3s, but if Bank Negara do anything drastic then all bets are off... Be patient, money changer rates usually lag "trading" rates by a few days... If unsure of turning point, just average in... Link to post Share on other sites More sharing options...
Vid Hypersonic September 8, 2015 Share September 8, 2015 The ringgit fell below the 3.06 level to one Singdollar, for the first time, this morning. http://str.sg/ZX3x 2 Link to post Share on other sites More sharing options...
Wt_know Hypersonic September 8, 2015 Share September 8, 2015 (edited) arcade money changer 1:3 bank transfer should be higher than 3.0 ;) Edited September 8, 2015 by Wt_know Link to post Share on other sites More sharing options...
Greaty005 Neutral Newbie September 8, 2015 Share September 8, 2015 (edited) S$1 to RM3... quite good rate :-) Edited September 8, 2015 by Greaty005 Link to post Share on other sites More sharing options...
rashid2752 Clutched September 8, 2015 Share September 8, 2015 The ringgit fell below the 3.06 level to one Singdollar, for the first time, this morning. http://str.sg/ZX3x Wonder whether it will fall further Link to post Share on other sites More sharing options...
Wt_know Hypersonic September 10, 2015 Share September 10, 2015 (edited) slowly but surely ... especially another shocking US$1.4 billion missing report from WSJ if WSJ dare to report it means something ... Edited September 10, 2015 by Wt_know 1 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic September 10, 2015 Share September 10, 2015 Will be going to penang for holiday end year.... Shall i change now? or wait awhile more? Hands itchy to change.... maybe will change a bit at 3.10? Link to post Share on other sites More sharing options...
Dumb 4th Gear September 10, 2015 Share September 10, 2015 (edited) Just transferred fund from posb to ocbc my @ 3.0432 No service charge. Edited September 10, 2015 by Dumb 1 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged September 10, 2015 Share September 10, 2015 Just transferred fund from posb to ocbc my @ 3.0432 No service charge. Nice.. Can share what is the interest rate for FD in Malaysia? May change and take interest if its higher.. 1 Link to post Share on other sites More sharing options...
Mkl22 Supersonic September 10, 2015 Share September 10, 2015 Nice.. Can share what is the interest rate for FD in Malaysia? May change and take interest if its higher.. for what? even with the higher interest rates, there is no telling it will be $1SGD =$4RM. Link to post Share on other sites More sharing options...
Mohjoe 2nd Gear September 10, 2015 Share September 10, 2015 for what? even with the higher interest rates, there is no telling it will be $1SGD =$4RM. Agreed. Change to use, can average in, like I said. Change to keep for appreciation, better to look at chart and start nearer to "predicted" turning point. With the economic and political situation, the higher interest can be wiped out in no time. Better off shorting ringgit or KLCI at the moment... 1 Link to post Share on other sites More sharing options...
Wyfitms Twincharged September 10, 2015 Share September 10, 2015 Will be going to penang for holiday end year.... Shall i change now? or wait awhile more? Hands itchy to change.... maybe will change a bit at 3.10? aiyah dont be greedy bro change at 3 also damn shiok already enjoy your penang trip dont forget to pump vpower which is less than SGD 1 per litre! 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 10, 2015 Share September 10, 2015 My fren Najib says the ringlet is under valued and he is an honest man and you can trust him. However he keeps his money in US$. You see he is willing to keep his money in a depreciating currency and suffer the losses rather than make money holding the stronger ringlet cos he loves his country so much. I truly admire this great man and I am a lesbian. 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 10, 2015 Share September 10, 2015 If only I got a $ for every time a person questions his integrity I will be a millionaire. But I am happy to say my fren is a good and honest man. A very good and honest man so I hope people stop falsely accusing him. 1 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged September 11, 2015 Share September 11, 2015 for what? even with the higher interest rates, there is no telling it will be $1SGD =$4RM. if you so certain, go do a currency swap.. you make more money then trying to "talk" the ringgit to 4 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged September 11, 2015 Share September 11, 2015 (edited) Agreed. Change to use, can average in, like I said. Change to keep for appreciation, better to look at chart and start nearer to "predicted" turning point. With the economic and political situation, the higher interest can be wiped out in no time. Better off shorting ringgit or KLCI at the moment... while it is a prudent decision to not go in now, I feel the bottom is at 320 before intervention kicks in Else the neighbor will start to borrow money and you do know who they will be asking for tons of loan.. from the rich neighbor, (not us ) ... and our dollar is peg to that friendly neighbor will go down with us... Edited September 11, 2015 by Sdf4786k ↡ Advertisement Link to post Share on other sites More sharing options...
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