Malaysia Ringgit Exchange Rate

[Giordanogavin]

How come in SGP the consumer always kanna short changes? I though SGP is open market so everything follow the market trend.

 

Market up the price goes up market down the price goes down. so fair and square.

 

1SGD to 1RM official rate~2.63 but Money changer only give u ~2.57 rate, Crude oil drop ~40% but petrol station only drop~15%

[Pmet]

How come in SGP the consumer always kanna short changes? I though SGP is open market so everything follow the market trend.

 

Market up the price goes up market down the price goes down. so fair and square.

 

1SGD to 1RM official rate~2.63 but Money changer only give u ~2.57 rate, Crude oil drop ~40% but petrol station only drop~15%

 

Because in SG, operating costs are high especially shop rental and residential property prices. If I have to pay 1.5m for my mass-market condo, would I not want to earn more from my business and pass down the cost to consumers? No coincidence why we've been voted again and again as one of the most expensive cities for expats.

Edited December 5, 2014 by Pmet

[Dumb]

I changed today in JB @ $100=rm260.40

 

 

Don't smoke our brothers here. You buying or selling S$.

 

I went in on Tue. I changed at woodlands at 256. In JB it was 251.

 

On Thu I went in again. In sg the rate was 2.5725, In my, it was again lower at 2.53.

 

I have been in many times and never once did I notice that rate is better.

[Chucky2007]

 

 

Don't smoke our brothers here. You buying or selling S$.

 

I went in on Tue. I changed at woodlands at 256. In JB it was 251.

 

On Thu I went in again. In sg the rate was 2.5725, In my, it was again lower at 2.53.

 

I have been in many times and never once did I notice that rate is better.

i smoke you for what....?

 

U already say u changed on Tuesday and Thursday, while I said I changed mine on Friday.. Different day different rate..

 

Some ore u say u changed in woodlands, then the lower rate u mentioned in jB is the sign they put up?or did u physically changed the money also? Meaning u changed 1x in woodlands and 1 x in JB same day? Do u know in JB, the money changer put 255, but usually they change higher at 258-260 automatically... Except those in the malls..?

 

Where u change in JB? And each time u change minimum S$100 or sometimes $50?

 

I changed at the one after turning right after the shell station after jB custom. It's before the BHP station at Citibank building.

 

I changed SGD100 and got RM260.40 back... If u had changed at those money changer in shopping malls like Tebrau or jusco.. Of course bad rates... Very very bad rate in Jusco and bloody rude woman, who also give terrible rates if just change s$50 or u use 10 pieces of $10 to change.

Edited December 6, 2014 by Chucky2007

[Fcw75]

 

 

Don't smoke our brothers here. You buying or selling S$.

 

I went in on Tue. I changed at woodlands at 256. In JB it was 251.

 

On Thu I went in again. In sg the rate was 2.5725, In my, it was again lower at 2.53.

 

I have been in many times and never once did I notice that rate is better.

Actually I see no reason for him to bluff us.

[Wt_know]

in general, change in spore gives better rate unless you got "lobang" in jb money changer

[Dafansu]

JB 2.60 ++ according to many who had went in.

[Spinelli_ck]

i smoke you for what....?

 

U already say u changed on Tuesday and Thursday, while I said I changed mine on Friday.. Different day different rate..

 

Some ore u say u changed in woodlands, then the lower rate u mentioned in jB is the sign they put up?or did u physically changed the money also? Meaning u changed 1x in woodlands and 1 x in JB same day? Do u know in JB, the money changer put 255, but usually they change higher at 258-260 automatically... Except those in the malls..?

 

Where u change in JB? And each time u change minimum S$100 or sometimes $50?

 

I changed at the one after turning right after the shell station after jB custom. It's before the BHP station at Citibank building.

 

I changed SGD100 and got RM260.40 back... If u had changed at those money changer in shopping malls like Tebrau or jusco.. Of course bad rates... Very very bad rate in Jusco and bloody rude woman, who also give terrible rates if just change s$50 or u use 10 pieces of $10 to change.

is the shop the only money changer there? beside a motor tiam?

[Fcw75]

This one I suppose.

[Chucky2007]

is the shop the only money changer there? beside a motor tiam?

yap change at that shop.

This one I suppose.

yes that's the one. After today their business sure good.. do expect more jam there plus some minor accidents. Lol

[Spring]

yap change at that shop.

yes that's the one. After today their business sure good.. do expect more jam there plus some minor accidents. Lol

Show them this thread that you recommended Singaporeans to go there n maybe they'll give you a commission or at least a better rate 😃

[Kangadrool]

Last Wednesday, the rate was already 2.56 although most shops have hardcopy sign 2.51

 

If you hand $100 or $200, you will get 2.56 rate, and that's on 26/11/2014.

 

 

 

Don't smoke our brothers here. You buying or selling S$.

 

I went in on Tue. I changed at woodlands at 256. In JB it was 251.

 

On Thu I went in again. In sg the rate was 2.5725, In my, it was again lower at 2.53.

 

I have been in many times and never once did I notice that rate is better.

 

[Spinelli_ck]

This one I suppose.

yes, this is the one. highly recommended by many of my friends.

[baby_yanz]

Best way to transfer if you do not want to go down to Johor is via the CIMB Singapore Online Funds Transfer Service which allows you to transfer funds immediately to you cimb msia account free of charge. Rates (2.6033) are pretty good compared to other banks and money changer.

 

They even have a cashback promo of S$15 dollars now....If you do not have a cimb msia acc, can try calling the cimb singapore call centre and check whether you can submit your application through cimb sg branch just like what HSBC and Citibank has.

[Chucky2007]

Next good currency to change now is Japanese Yen and Australian dollar.. 2 more frequently travelled destination of destination of Singaporeans

[baby_yanz]

Next good currency to change now is Japanese Yen and Australian dollar.. 2 more frequently travelled destination of destination of Singaporeans

Yea...but still quite high compared to pass months though....I usually go to Arcade Raffles for currency exchange (excluding ringgit) as they usually have quite good rates...

[Zxcvb]

Just changed 259 after shell station.

[Spring]

Heard local money changers offer better rates due to better turnover, than JB.

In general and normal times yes but with the recent drop in M$, Malaysian MC giving better for now.

Actually I won't say the Malaysian side give better but rather the Singapore MC giving lower rates for now maybe due to old stock but that anomaly should change soon.

Edited December 7, 2014 by Spring