Malaysia Ringgit Exchange Rate

[Acemundo]

really dont understand this kiasu syndrome.

 

its not as if you are changing few tenths of thousands to see real differences in saving.

 

if changing few grand i really dont see the point in queuing up for this.

 

people just love the thrill of thinking they have gotten something on the cheap hehe....that's human psyche

 

but they didn't even do the calculation to see how much they save eg for S$1000 exchange only save $20 if the rate difference is 0.02 eg 2.6 vs 2.62

[Baal]

Izit Sin getting stronger & stronger or My weaker & weaker?

[Hamburger]

For the regular salary man .. 2.65 vs. 2.50 .. he takes his $2000 salary to change, its $300 difference. He takes his 6-month savings to change, its $1800 more, better than his year end bonus. But probably no need to rush.

 

 

 

quite significant....i take back my words.

 

ok , i am lazy to Q and change

[Enye]

For the regular salary man .. 2.65 vs. 2.50 .. he takes his $2000 salary to change, its $300 difference. He takes his 6-month savings to change, its $1800 more, better than his year end bonus. But probably no need to rush.

 

 

 

i would imagine that only Malaysians working in Singapore would do that

 

but wouldn't it be better for these people to bring S$ to Malaysia to change or remit the money through an institution?

[Kusje]

 

i would imagine that only Malaysians working in Singapore would do that

 

but wouldn't it be better for these people to bring S$ to Malaysia to change or remit the money through an institution?

 

Yeah, especially since someone else posted that CIMB has better rates.....

[Myxilplix]

Sekali next week 2.70, then all those go and queue up will kpkb.

[The_Bear]

For the regular salary man .. 2.65 vs. 2.50 .. he takes his $2000 salary to change, its $300 difference. He takes his 6-month savings to change, its $1800 more, better than his year end bonus. But probably no need to rush.

 

 

 

Your 300 difference is in RM. Therefore, your 6 x RM300 is RM1800. Which is S$680 @ 2.65.

 

He takes $2000 to change monthly, his pay is definitely more than $2000.

 

How is $680 better than his year end bonus unless he get way less than 1/2 month?

[Mustank]

donno whats happening to RM$

[Spring]

donno whats happening to RM$

 

Could it be due to dropping oil prices?

Then again Malaysia only export Palm Oil and even then this is now not their main export item anymore!

[Spring]

Hedging ?

 

 

 

You mean hedging as in they sell first in anticipation of the price dropping further?

Don't think this is applicable in Cash market. Only for FX Forward market can this be done i think.

[Mustank]

 

Could it be due to dropping oil prices?

Then again Malaysia only export Palm Oil and even then this is now not their main export item anymore!

 

whoa!!! you are right!!!

i go internet see

really is affected by oil

 

http://economictimes.indiatimes.com/markets/forex/asian-currencies-firm-ringgit-falls-on-weak-oil-demand/articleshow/45469204.cms

[Spring]

 

whoa!!! you are right!!!

i go internet see

really is affected by oil

 

http://economictimes.indiatimes.com/markets/forex/asian-currencies-firm-ringgit-falls-on-weak-oil-demand/articleshow/45469204.cms

 

Haha, purely guessing on my part but I find it strange cos they are not like Russia who is a major oil exporting country so drop in oil prices will affect them adversely! But Malaysia???

[2BDriver]

 

Haha, purely guessing on my part but I find it strange cos they are not like Russia who is a major oil exporting country so drop in oil prices will affect them adversely! But Malaysia???

You should have work for EDB, 大 财 小 用 真 可 惜

[Zxcvb]

Instead of asking where's the best place to change, can someone also highlight where's the worst place to change ringgit??

 

IMHO, the worst place to change ringgit is inside JB shopping malls. City Square, KSL, Komtar JBCC, Pandan City, Aeon Jusco (every branches) all no good.

[Wt_know]

this one everybody KNOWS

 

Instead of asking where's the best place to change, can someone also highlight where's the worst place to change ringgit??

 

IMHO, the worst place to change ringgit is inside JB shopping malls. City Square, KSL, Komtar JBCC, Pandan City, Aeon Jusco (every branches) all no good.

 

[Spring]

Friend found this in another website, don't know true or not!!

Edited December 11, 2014 by Spring

[Adrianli]

Instead of asking where's the best place to change, can someone also highlight where's the worst place to change ringgit??

 

IMHO, the worst place to change ringgit is inside JB shopping malls. City Square, KSL, Komtar JBCC, Pandan City, Aeon Jusco (every branches) all no good.

 

Plus all Hotels!!!

[Fcw75]

Just changed some at eastpoint money changer 2.605

 

City plaza money changer also 2.605