Malaysia Ringgit Exchange Rate

[Freemen]

OT: currently, causeway now jam like piak..

 

Good Friday sure Jam also, long weekend will see cars moving North 

[Blueray]

Chinatown point 2.98.

[Civic2000]

The rates offered by different money changers at People Park Complex 

 

298

298.1

298.2

[Blueray]

AMK Hub 2.97

[Freemen]

Monday i change at People Park there 2.95

[Uncle2]

[Spring]

IMG_20180514_110054.jpg

 

Money Changers today best rate I understand is around 2.97 which is actually 200pips away.

Just my guess only but I think the rates will get closer to interbank in the latter part of this week.

[Jman888]

last week before election was 2.94 at money changer.

[Adrianli]

When is a good time to change? Need ringgit for next road trip.

[Luckcent]

To all MCFs...go here for your latest and best rates in SG.......

 

https://cashchanger.co/singapore/sgd-to-myr

[LPPL]

Change sgd50k to ringgit now n keep in tin for a few months maybe can make more than putting in sgd fixed d...lol

[Zxcvb]

No much difference before/after election. Cannot even hit 3.

[Fcw75]

Wake me up when it surpass 3:1...haha.

[Angcheek]

IMG_20180514_110054.jpg

 

Not good enough ..... 1 : 3.5 

[Kusje]

Am still maintaining it will hit 1:2 before it hits 1:4 

[Wt_know]

no 1-3 no talk ... !

bah kut teh + massage + car wash + petrol ...

[Uncle2]

Not good enough ..... 1 : 3.5 

Yes Sir, will report later

[Cauldron]

Think will go up.

Mid to long term prospect of Malaysia should be ok barring any major internal upheaval or external events

Dr M has been very careful and been managing the economy side of the transition very well.

 

Few pointer from what i read

- Public holiday on thursday and friday to clam the market, read there were discounts from stock brokerage to lock in buy orders over the holidays

 

- Interesting choice of people in the council of Elders. Most have economics background, and are heavy weights in their arena. 

https://www.straitstimes.com/asia/se-asia/whos-who-in-mahathirs-new-cabinet-and-council-of-elders

 

- Appointing LGE as FM. He is accountant by training and has consistent deliver quality result for Penang (track record), which stands out as one of the top destination for Direct foreign Investment for MY (experience in dealing with MMC). Now he has a chance to work on a national level. I believe with the right amount of support, he should do well, but need to be careful not to outshine

 

- Only concern is the recent release of 

Mahathir warns many figures on Malaysia's financial position are false

https://www.businesstimes.com.sg/government-economy/mahathir-warns-many-figures-on-malaysias-financial-position-are-false

 

However this news and the thereafter impact will be managed very carefully, again not to rock the boat too much

 

- Inflation needs to be managed, too many benefit were promised (GST , fuel and maybe some staple food stuff). It would be counter productive to cut GST and RM drops making import more expensive and negate any good will generated

 

- Think in 3 months, after the MY team has gone thru all the books and figure out the extent of debt and liability of the misadventure of the previous administration, they would have a better grip of things and develop plan and counter measures.

No news is good news 

 

The 1MDB monies would crucial to craw back from various channels, but must bear in mind that almost every dollar that is taken back is borrowed in the first place, guaranteed by the MY Gov. This dollar needs to be repaid with interest, they would need to perhaps re-finance the loan.

 

To get the best deal, they need to be in a perceived position of strength to negotiate.