Malaysia Ringgit Exchange Rate

[Wt_know]

29 minutes ago, Voodooman said:

Yes, i just park in TNG eWallet. 

top up using youtrip card?

i heard people lost $$$ in TnG wallet in some msia forums either by invalid deductions or incorrect top-ups

no trust TnG wallet at least Youtrip $$$ is in Stanchart … lol

Edited October 31, 2022 by Wt_know

[Voodooman]

1 hour ago, Rayleigh said:

Good idea. Does it mean that a data plan is required when in Malaysia? 

If you want to pay via eWallet. 

[Voodooman]

1 hour ago, Wt_know said:

top up using youtrip card?

i heard people lost $$$ in TnG wallet in some msia forums either by invalid deductions or incorrect top-ups

no trust TnG wallet at least Youtrip $$$ is in Stanchart … lol

TNG digital is owned by CIMB (major), Alibaba, AIG, etc.  Youtrip is not even affiliated with any major banking groups. I rather trust my money with TnG than Youtrip but I won't put too much in both too. 

Better in eWallet than carrying cash around MY, especially JB. That should be the main consideration, me think. 

[Lala81]

Going MY for holiday in november. Wondering whether need to change $.

 

[Voodooman]

35 minutes ago, Lala81 said:

Going MY for holiday in november. Wondering whether need to change $.

 

If have Grab and TnG apps (TnG is more widely accepted as a mode of payment in MY than Paynow is in Singapore), you can go almost cashless in big cities.

But I still carry RM100-200 cash, just in case. 

[Lala81]

6 minutes ago, Voodooman said:

If have Grab and TnG apps (TnG is more widely accepted as a mode of payment in MY than Paynow is in Singapore), you can go almost cashless in big cities.

But I still carry RM100-200 cash, just in case. 

Think i'll just stick to cash and Youtrip for now. I hardly ever drive into MY nowadays.

[Voodooman]

2 minutes ago, Lala81 said:

Think i'll just stick to cash and Youtrip for now. I hardly ever drive into MY nowadays.

You can pay for hawker food with the TnG apps.  Retail business that doesn’t accept credit cards accept TnG in MY. 

And you will need it for VEP next time, so i suggest to just get it done. But do remember to register using your NRIC and not passport (to allow linkage of VEP RFID with eWallet).

[Lala81]

1 minute ago, Voodooman said:

You can pay for hawker food with the TnG apps.  Retail business that doesn’t accept credit cards accept TnG in MY. 

And you will need it for VEP next time, so i suggest to just get it done. But do remember to register using your NRIC and not passport (to allow linkage of VEP RFID with eWallet).

I see. Didn't realise adoption is so widespread in malaysia.

 

[Lala81]

Sorry so u can use youtrip CC to top up the TNG e-wallet? 

Bit suaku about all this stuff.

[Voodooman]

21 minutes ago, Lala81 said:

Sorry so u can use youtrip CC to top up the TNG e-wallet? 

Bit suaku about all this stuff.

Yes, you can.

[Lala81]

19 minutes ago, Voodooman said:

Yes, you can.

Sorry. So the currency conversion happens in youtrip or in tng? 

[Voodooman]

Just now, Lala81 said:

Sorry. So the currency conversion happens in youtrip or in tng? 

Youtrip, TnG is a monopoly and majority controlled by CIMB, the bank won’t cannibalize their own MY FX business (for as long as possible), me think. Youtrip is the disruptor here. 

[Lala81]

23 minutes ago, Voodooman said:

Youtrip, TnG is a monopoly and majority controlled by CIMB, the bank won’t cannibalize their own MY FX business (for as long as possible), me think. Youtrip is the disruptor here. 

Understood. So it's like doing a CC transaction by youtrip into ringgit into their e wallet. Advantage is u can use the ringgit at more POS compared to mastercard. Roger. 

[Wt_know]

9 hours ago, Lala81 said:

Understood. So it's like doing a CC transaction by youtrip into ringgit into their e wallet. Advantage is u can use the ringgit at more POS compared to mastercard. Roger. 

also you lock in the exchange rate now if you feel it is “high” enough …

[Lala81]

7 minutes ago, Wt_know said:

also you lock in the exchange rate now if you feel it is “high” enough …

Haha I hardly go Malaysia. 

I won't be going if I could book air tickets to elsewhere earlier. But my colleague was on long Mc, so I didn't book anything until end Sept. 

Bit wary of monsoon season for SEA in general for year end. 

So lock in is irrelevant to me. 

Edited November 1, 2022 by Lala81

[Lala81]

OK. Tested. Transfered 10 ringgit which is 3 dollars at youtrip. 

[Wt_know]

3.50 is ready for xmas holiday, shopping and RON98 ....

[inlinesix]

30 minutes ago, Wt_know said:

3.50 is ready for xmas holiday, shopping and RON98 ....

RON100 ftw