[Official Thread] Ringgit Exchange Rate

[ocs_woodlands]

I use credit card. For petrol and groceries only. My exchange rate from the bank was 2.67 last month. This month's statement should be even better. No need queue. I just need some spare ringgit for food.

You may wish to check whether the 2.67 rate was a BUY or SELL rate. They mean very different things. If the published rate is SGD1: MYR2.6, the SGD-MYR rate obtainable (via CC) may be 2.53 or 2.54 while the MYR-SGD rate would be 2.66 or 2.67. Of course you can include in the 5% rebate etc but even a 5% discount from your quoted rate implies a rate of about 2.62 which is unlikely cos last month, SGD:MYR was hovering around 2.58 +/- 1.

 

[diamond96]

2.61 @ Bedok today

 

[dede1217]

2.61 @ Bedok today

2.61 arcade

 

[(^@^)"]

You may wish to check whether the 2.67 rate was a BUY or SELL rate. They mean very different things. If the published rate is SGD1: MYR2.6, the SGD-MYR rate obtainable (via CC) may be 2.53 or 2.54 while the MYR-SGD rate would be 2.66 or 2.67. Of course you can include in the 5% rebate etc but even a 5% discount from your quoted rate implies a rate of about 2.62 which is unlikely cos last month, SGD:MYR was hovering around 2.58 +/- 1.

I took the sum of the total amount I spent in ringgit divide by my payment amount in SGD. Thats how I obtained the figure. 5% cash back gives me extra 12.5 sen. Even with the bank rates not as good as money changer rates, the overall rates I got is still better. I think you need to try before you understand what I am talking about. Take note its only for petrol and groceries in Malaysia. Other transactions no cash back.

 

[Tloslm]

I took the sum of the total amount I spent in ringgit divide by my payment amount in SGD. Thats how I obtained the figure. 5% cash back gives me extra 12.5 sen. Even with the bank rates not as good as money changer rates, the overall rates I got is still better. I think you need to try before you understand what I am talking about. Take note its only for petrol and groceries in Malaysia. Other transactions no cash back.

maybank F&F card got 5% rebate in malaysia?? which supermarket ?

 

[ccssgm]

maybank F&F card got 5% rebate in malaysia?? which supermarket ?

AEON BIG (formerly known as Carrefour)
Valid at all AEON BIG outlets in Malaysia

Giant
Valid at all Giant outlets in Malaysia

TESCO
Valid at all TESCO outlets in Malaysia

Pacific Hypermart
Valid at all Pacific Hypermart outlets in Malaysia

 

[bbmars1128]

I took the sum of the total amount I spent in ringgit divide by my payment amount in SGD. Thats how I obtained the figure. 5% cash back gives me extra 12.5 sen. Even with the bank rates not as good as money changer rates, the overall rates I got is still better. I think you need to try before you understand what I am talking about. Take note its only for petrol and groceries in Malaysia. Other transactions no cash back.

I think you guys got it wrong. Unless my bill fails me. I have my bill with me now, charges at Sakae Sushi City Square, JB at RM138.4 but in SG it is $55.27 (charged 19 Nov)

Rm138.4/SG$55.27 = 2.504 exchange rate

Which Means I lost. The rate is much lower than money changer. I think you guys got it wrong or I didn't get the rate.... not sure why.

 

[ddca]

I think you guys got it wrong. Unless my bill fails me. I have my bill with me now, charges at Sakae Sushi City Square, JB at RM138.4 but in SG it is $55.27 (charged 19 Nov)

Rm138.4/SG$55.27 = 2.504 exchange rate

Which Means I lost. The rate is much lower than money changer. I think you guys got it wrong or I didn't get the rate.... not sure why.

What (^@^)" said is true. And note that the 5% cash rebate only applies IF you used Maybank Family and Friends card onthe petrol stations and supermarkets listed on the website: Merchants List | Maybank Singapore

You used a bill that is too far back. In early November, that is the exchange rate when you used the credit card. At this moment, the exchange rate when you used the credit card is around 2.55. With the 5% cash rebate on the expenditure listed on the website, that would be around 2.68.

 

[(^@^)"]

Thanks for clarifying, ddca.

Just to emphasize again that its only for petrol and groceries. That's my main expenditure so it benefits me. And it's only with Maybank FnF card. You use other banks' cards on other types of transactions, don't blame me.

And before you use, please call Maybank and activate overseas transactions. Coz it is deactivated by default. So if you go there without much cash and your card doesn't work, don't blame me.

I only use that card for Malaysia, so it's easy to keep track of my expenditure there. Convenience of not requiring to bring large amount cash there and queuing up to change for ringgit. My grocery spending can be pretty high. I also do not need to worry about not bringing enough cash. The more favorable rates is a bonus.

Oh, for those who pumps petrol, just insert the card at the pump station, approved, keep the card and then pump. No need go queue at cashier.

 

[ddca]

Thanks for clarifying, ddca.

Just to emphasize again that its only for petrol and groceries. That's my main expenditure so it benefits me. And it's only with Maybank FnF card. You use other banks' cards on other types of transactions, don't blame me.

And before you use, please call Maybank and activate overseas transactions. Coz it is deactivated by default. So if you go there without much cash and your card doesn't work, don't blame me.

I only use that card for Malaysia, so it's easy to keep track of my expenditure there. Convenience of not requiring to bring large amount cash there and queuing up to change for ringgit. My grocery spending can be pretty high. I also do not need to worry about not bringing enough cash. The more favorable rates is a bonus.

Oh, for those who pumps petrol, just insert the card at the pump station, approved, keep the card and then pump. No need go queue at cashier.

Same here. Just saw on Maybank website that to get the 5% cash rebate, must spend minimum $500 in that month. *pui*
Just when this card starts to get more popular, they introduce this "cooling measure".

Revision of eligibility for 5% cash rebate on Maybank Family & Friends Platinum MasterCard > Maybank2u.com Singapore

 

[Tloslm]

Same here. Just saw on Maybank website that to get the 5% cash rebate, must spend minimum $500 in that month. *pui*
Just when this card starts to get more popular, they introduce this "cooling measure".

Revision of eligibility for 5% cash rebate on Maybank Family & Friends Platinum MasterCard > Maybank2u.com Singapore

time to dump card

 

[(^@^)"]

Same here. Just saw on Maybank website that to get the 5% cash rebate, must spend minimum $500 in that month. *pui*
Just when this card starts to get more popular, they introduce this "cooling measure".

Revision of eligibility for 5% cash rebate on Maybank Family & Friends Platinum MasterCard > Maybank2u.com Singapore

Oh well, still got 2 months.

 

[s330063]

Same here. Just saw on Maybank website that to get the 5% cash rebate, must spend minimum $500 in that month. *pui*
Just when this card starts to get more popular, they introduce this "cooling measure".

Revision of eligibility for 5% cash rebate on Maybank Family & Friends Platinum MasterCard > Maybank2u.com Singapore

nowadays a lot of card got minimum spend per month and many are in fine print. I have stopped using the Maybank card as I find the rate not as good as cash

 

[yvette_qi]

yesterday

chinatown CK 2.606
chinatown point 2.605

 

[sg_trader]

2.61 in jb yesterday.

 

[yvette_qi]

2.61 in jb yesterday.

which shop? location?

 

[sg_trader]

which shop? location?

after shell station turn right towards jalan tebrau, just before BHP and citibank.

 

[yvette_qi]

after shell station turn right towards jalan tebrau, just before BHP and citibank.

thank you so much!
may try there and federal clinic when i drop by this week

 

[appledino]

today 2.60

 

[dede1217]

Arcade rate as of 5pm

RM 2.613