[Official Thread] Ringgit Exchange Rate - Part 2

[Andrew833]

u buying ringgit to keep?

Buy abit since rate is good. Wait JB gate open, rate may not be this good.

 

[Andrew833]

If next month rate increase to @3.08, I will change abit more

 

[Habrosus]

Buy abit since rate is good. Wait JB gate open, rate may not be this good.

Good idea!

 

[Aaagogo]

Buy abit since rate is good. Wait JB gate open, rate may not be this good.

"good rate" 3.08RM

"bad rate" 3.03RM

buy 1000SGD worth of ringgit, you get 50RM more

 

[Andrew833]

"good rate" 3.08RM

"bad rate" 3.03RM

buy 1000SGD worth of ringgit, you get 50RM more

More rm50 is better than rm-50

 

[trailblaze]

"good rate" 3.08RM

"bad rate" 3.03RM

buy 1000SGD worth of ringgit, you get 50RM more

er....50RM is more than a day's worth of meals in JB.
go suburbs is 2 days' worth lei...

 

[Aaagogo]

More rm50 is better than rm-50

er....50RM is more than a day's worth of meals in JB.
go suburbs is 2 days' worth lei...

park 1000 sgd for 50RM

you get extra 17SGD for parking 1000SGD, that's an "interest rate" of 0.017%

i put my 1000SGD in a better return rate investment that easily covers the 50RM

 

[jtdcjtdc]

Hey one month already no update on exchange rate?

cashchanger.co average is 3.05.

But what I need is online remittance, direct to bank deposit, not physical cash.

transferwise rate is 3.02 (net of fees).
is there any suggestion of online remit transfer with better rates?

 

[Andrew833]

Hey one month already no update on exchange rate?

cashchanger.co average is 3.05.

But what I need is online remittance, direct to bank deposit, not physical cash.

transferwise rate is 3.02 (net of fees).
is there any suggestion of online remit transfer with better rates?

I heard that now got many options for bank to bank remit, rate is very good.
You can try google.
Nowaday many malaysian cannot go back, so they do interbank remit.

 

[jtdcjtdc]

true. no physical travel. so just bit the bullet and got 3.0383 bank to bank rate.

 

[fadefade]

Hey one month already no update on exchange rate?

cashchanger.co average is 3.05.

But what I need is online remittance, direct to bank deposit, not physical cash.

transferwise rate is 3.02 (net of fees).
is there any suggestion of online remit transfer with better rates?

try singtel dash

 

[Andrew833]

true. no physical travel. so just bit the bullet and got 3.0383 bank to bank rate.

Why so low? I thought now around 3.05.

 

[jtdcjtdc]

its even 3.064 now and looks to be heading up. but that's for physical forex.
for bank to bank remittance, its always lower, 3.04568 now.

 

[magna_strike]

its even 3.064 now and looks to be heading up. but that's for physical forex.
for bank to bank remittance, its always lower, 3.04568 now.

Does bank to bank incur any additional charges that will lower the actual amount u send?

 

[jtdcjtdc]

Yes, because they also bill the overhead of remittance charge, and also earn from the foreign exchange.

 

[gasband]

I think Revolut can send Ringgit, not sure of the rate but can try

 

[vaxvms]

not much demand now but still 3.05 region

 

[jtdcjtdc]

we're at 3.093 using transferwise, people don't want to buy ringgit already?

 

[Windowlover]

Beside sending money back home, change now not useful at all.

 

[beanstalk6]

The ringgit is holding out despite the very negative outlook for the Malaysian economy, finance and government ratings