[Official Thread] Ringgit Exchange Rate

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MrN3on-

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Hi guys,

Would like to check why do money changers display their rates differently.
Is there any standard they have to follow?

As you can see in the image below, the rates are reflected differently as how it is reflected in mustafa online forex
Holland V money changer
07rJaki.jpg


MUSTAFA FOREX
http://www.mustafa.com.sg/frmForex.aspx

Is there any law to tell them how to show their rates?

Thanks in advance!
 
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BlurKillerEX

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Hi guys,

Would like to check why do money changers display their rates differently.
Is there any standard they have to follow?

As you can see in the image below, the rates are reflected differently as how it is reflected in mustafa online forex
Holland V money changer
Mxh1y


MUSTAFA FOREX
http://www.mustafa.com.sg/frmForex.aspx

Is there any law to tell them how to show their rates?

Thanks in advance!

No law, supply and demand, if they set too high nobody wanna buy from them then they also lose.
 

MrN3on-

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Do you mean on how they display the rate diff.? Like e.g 0.34 for malaysia ringgint instead of 2.9plus.?

yes!

oh sorry misunderstood you, now i feel like an idiot. I dont know about that though

Its okay i think my picture link was broken anyway.
edited as below.

As you can see in the image below, the rates are reflected differently as how it is reflected in mustafa online forex
Holland V money changer
07rJaki.jpg


MUSTAFA FOREX
http://www.mustafa.com.sg/frmForex.aspx

Is there any law to tell them how to show their rates?

Thanks in advance!
 

Saymell

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Kranji Exchange

Money Changer has always been good for me . On 14 Saturday, I got RM 300 for Sing $103.40.
 

GenerationX

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Arcade 295 today. Last shop near door to clifford. I am changing thb so no go see rm rate. It was someone walk past say " this also 295" then only i see the rate in tat shop. Haha.
 
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