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Malaysia Ringgit Exchange Rate

RadX

By RadX,
in Investment & Financial Matters

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Dafansu

Dafansu

Turbocharged

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

Yes local always better, but this time round, JB is better. Likely due to suddenly massive drop in malaysia value

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Wt_know

Wt_know

Supersonic
(edited)

also because no stock ... kosong liao ... must load 1 car of MYR to replenish all MC in singapore ... lol

 

Yes local always better, but this time round, JB is better. Likely due to suddenly massive drop in malaysia value

 

Edited by Wt_know
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Jman888

Jman888

Moderator
新元兑马币汇率　今早创新高2.6502
08/12/2014 on 联合晚报
By 陈诗雨
20141208_ln_currency-02.jpg
新元兑马币的银行间汇率，今早创下历来新高达2.6502。
新元兑马币汇率今早创历来新高达2.6502，但兑换商表示，由于马币缺货，市面兑换率还是会保持少0.05的差距。马币近来走软，新元兑马币的银行间汇率今早创新高，1新元兑2.6502令吉。
但牛车水珍珠坊的Crante钱币兑换商合伙人黄素珍受访时说，马来西亚政府控制市面的马币数量，导致令吉缺货，兑换商提供的兑换汇率还跟不上汇率。
“我们今早提供的兑换率是2.59，下午也不会改变。除非汇率再攀高，来临周末的市面兑换率应该会保持在2.60以下。”
更详细报道，可翻阅《联合晚报》。

 

 

 

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Spring

Spring

Moderator
(edited)

also because no stock ... kosong liao ... must load 1 car of MYR to replenish all MC in singapore ... lol

 

 

 

I'm not sure the "no stock" is really no stock or they just hoarding cos:

 

1) They got old stock bought at higher price so won't sell otherwise lose money

2) They expect M$ to rebound so they want to sell only when it comes back to the price they bought.

 

Above is purely my conjecture but either way I don't expect this to last as the S'pore MC will have to start selling soon esp if the rate remains or worsens.

 

BTW, stock can always get as the S'pore MCs have connections with Malaysian side and vice versa

and definitely can arrange for M$ to either be shipped over or brought over physically (this last time they do but now cos of security reason I'm not sure if they still do)

Edited by Spring
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Hiphiphoray

Hiphiphoray

6th Gear

Wahhhh....exchange rate so good now!!!

 

Just nice, my gal is eager to watch Paddington opening on 11th Dec. ^_^

 

This weekend will go to KSL City.....Watch Paddington then go for Kinsahi / Sushi. [bounce2]:wub:[bounce1]

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2BDriver

2BDriver

Hypersonic

Ya lor, bank rate is now 2.638.

 

But money changer can only get 2.58

JB mc expose to higher risk of robbery than woodlands center, the double on bikes use to ambush around JB mc's and follows the target car right into CP and await for snatching opportunity.

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baby_yanz

baby_yanz

1st Gear
(edited)

Ya lor, bank rate is now 2.638.

 

But money changer can only get 2.58

Wah which bank offering 2.638...Today CIMB offering 2.6121 and maybank 2.6...Arcade Raffles Money Changer 2.59.

 

Please share leh bro....I dont mind carrying cash across the border if it is at 2.638.

Edited by baby_yanz
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Spanly

Spanly

5th Gear

For those with a Maybank Saving account in S'pore, will it be more favorable if we're to withdraw RM in M'sia Maybank ATMs even factoring the prevailing exchange rate determine by the bank??

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Spring

Spring

Moderator

Last time, you could buy a M$ chq at our local bank; drawn on a bank in JB to go there and encash it. This way you would be assured of the interbank rate plus a small charge of course but definitely better than any MC rate.

 

Then again, this would only be worthwhile if you changing alot and also if you intend to spend the money there. Doesn't make sense to bring it back here esp from the security point of view but a point worth looking into for those guys who need larger sums of M$.

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Spring

Spring

Moderator

Colleague just changed at:

 

Extract Money Changer

11 Collyer Quay, The Arcade

#02-31 S(049317)

 

tel: 62237002

 

Board showing 2.60 to 2.602 but as he changed few thousand they gave him 2.606

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Wt_know

Wt_know

Supersonic
(edited)

many msian & PR are changing for CNY in 2k 5k 10k ringgit ...

i truly believe MYR stock in spore MC is running low ... almost depleted everyday

 

Colleague just changed at:

 

Extract Money Changer

11 Collyer Quay, The Arcade

#02-31 S(049317)

 

tel: 62237002

 

Board showing 2.60 to 2.602 but as he changed few thousand they gave him 2.606

 

Edited by Wt_know
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Fcw75

Fcw75

Hypersonic

Colleague just changed at:

 

Extract Money Changer

11 Collyer Quay, The Arcade

#02-31 S(049317)

 

tel: 62237002

 

Board showing 2.60 to 2.602 but as he changed few thousand they gave him 2.606

 

FInally breaking thru' the barrier of 2.6

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Galantspeedz

Galantspeedz

Turbocharged

Last time, you could buy a M$ chq at our local bank; drawn on a bank in JB to go there and encash it. This way you would be assured of the interbank rate plus a small charge of course but definitely better than any MC rate.

 

Then again, this would only be worthwhile if you changing alot and also if you intend to spend the money there. Doesn't make sense to bring it back here esp from the security point of view but a point worth looking into for those guys who need larger sums of M$.

 

i use CIMB bank... open SG account than go there withdraw from ATM... no admin fee.. and rates are usually just slightly lower than Arcade money changer rates but higher than JB advertised rate even for weekends

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