[Official Thread] Ringgit Exchange Rate

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bbmars1128

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o0KelviN0o said:
u'll never know the actual rate because of admin charges from bank & visa/master/amex blah blah blah

FYI - i just got a rate of 2.45 for my transactions over the weekend with Maybank Visa
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I wonder someone mentioned they can get same rate as money changer from credit card, really? I doubt. My HSBC bill being itemised, indicates the price both in SG and MYR. A check on the rate indicates an unfavourable rate. Several years ago, I charged y bill to CC and then after I came back, I calculated the difference is about 7%. Because I charged >$1.2K to the card, the difference is quite significant. Since then, I hardly charged anything to my CC when I am in MY.
 
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poppers

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Oh my goodness, 7%??!?!??

ok, i will take note


bbmars1128 said:
I wonder someone mentioned they can get same rate as money changer from credit card, really? I doubt. My HSBC bill being itemised, indicates the price both in SG and MYR. A check on the rate indicates an unfavourable rate. Several years ago, I charged y bill to CC and then after I came back, I calculated the difference is about 7%. Because I charged >$1.2K to the card, the difference is quite significant. Since then, I hardly charged anything to my CC when I am in MY.
Click to expand...
 
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chopra

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bbmars1128 said:
I wonder someone mentioned they can get same rate as money changer from credit card, really? I doubt. My HSBC bill being itemised, indicates the price both in SG and MYR. A check on the rate indicates an unfavourable rate. Several years ago, I charged y bill to CC and then after I came back, I calculated the difference is about 7%. Because I charged >$1.2K to the card, the difference is quite significant. Since then, I hardly charged anything to my CC when I am in MY.
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merchant will not charge on same day.
2.5percent charge la. ....
 
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Zitrone

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If you are withdrawing cash with Maybank atm/debit card, no service charge. However, you need to activate overseas cash withdrawal option via the atm in Singapore, first.

The exchange rate is found in the link below.

Maybank2u.com (forex buying rate for currency notes)
 
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bbmars1128

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Zitrone said:
If you are withdrawing cash with Maybank atm/debit card, no service charge. However, you need to activate overseas cash withdrawal option via the atm in Singapore, first.

The exchange rate is found in the link below.

Maybank2u.com (forex buying rate for currency notes)
Click to expand...

that means, when in MY, withdrawing cash rate is good (no charges at all?) but then changing may not be? Read the disclaimer at the foot note, it reads :

Last Update : 30 Jul 2013 at 11:35:01
Disclaimer : Rates displayed are indicative for the day and subject to change without prior notice. For the latest Currency notes and Remittance rates, please refer to your nearest Maybank branch. can anyone confirm any of this? I have MayBank card, would like to use if rate is favourable.
 
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