[Official Thread] Ringgit Exchange Rate

[rachdanon]

Even at 2.5, still quite high. 40 cents difference only unless changer change big big in which case will rugi.

I changed quite a lot at 2.5 last time thats why

 

[dede1217]

so it wont rise in the mean time?im going to malaysia on april 11 not sure whether should change now or wait till next week maybe will increase?

Wait more ... drop more lo ...
each day dropped abt 0.02 ...
maybe end of apr becomes 2.80 ...

 

[dleodleo]

Wow Biang! Drop until 2.8+! That's too low man.

 

[AS1]

Jurong Point is now 2.89 since ringgit is recovering.

 

[rayban]

cannot go jb spend liao....

 

[AS1]

JB side is mostly 2.85 at best now.

 

[steven168z]

cannot go jb spend liao....

 

[steven168z]

JB side is mostly 2.85 at best now.

JB inside this morning 2.83

 

[dede1217]

Arcade rate this afternoon is 2.89

 

[AS1]

JB inside this morning 2.83

2.85 at money changer immediately after jb customs. Lowest is ksl offer 2.81 there.

 

[gnixer]

those money changers in ksl cmi, don't know got license or not, their rate not according to the market rate.

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[rachdanon]

Hope Ringgit recovers more after they are done with Asia's worst finance minister

http://www.financeasia.com/News/405600,najib-razak-asias-worst-finance-minister-2016.aspx

 

[AS1]

JBCC Komtar offering 2.87 for above 100SGD.

 

[steven168z]

Hope Ringgit recovers more after they are done with Asia's worst finance minister

http://www.financeasia.com/News/405600,najib-razak-asias-worst-finance-minister-2016.aspx

don't recover better... drop drop drop

 

[koolaid]

was talking to a currency specialist earlier... base on technicals, the next level to watch is 2.85 before we see any myr weakness.

 

[wiki-traveller]

was talking to a currency specialist earlier... base on technicals, the next level to watch is 2.85 before we see any myr weakness.

It's look like US investor are heading for Asia worst performance currency last year and make it a best performance currency this year...

 

[lodylody]

It's look like US investor are heading for Asia worst performance currency last year and make it a best performance currency this year...

yes, most of the worst performers last year (not only Asian) also now become best performers

next key milestones are 17 April (oil exporters meeting) and June (next The Feds announcement)

 

[lodylody]

was talking to a currency specialist earlier... base on technicals, the next level to watch is 2.85 before we see any myr weakness.

so next psychological level is 2.85? now the rate is stuck around 2.87-2.89
is very difficult to predict what's next

could it be getting worse to 2.85 or even 2.80
or investors take advantage by selling things and make ringgit rebound back to 2.9 or even 3.0

 

[AS1]

2.88 at Jurong point now.

 

[koolaid]

so next psychological level is 2.85? now the rate is stuck around 2.87-2.89
is very difficult to predict what's next

could it be getting worse to 2.85 or even 2.80
or investors take advantage by selling things and make ringgit rebound back to 2.9 or even 3.0

yup. i think his view is that spot sgdmyr may weaken to this level in the next few days. once it touches this level, he would be able to determine if it should see a rebound or further weakness.