[Official Thread] Ringgit Exchange Rate

[rachdanon]

How much appreciation/strengthening against the RM do you think MAS is talking about? 3.0?
How do they do it anyway? I only know that to weaken it, you print more money

 

[liverpool73]

How much appreciation/strengthening against the RM do you think MAS is talking about? 3.0?
How do they do it anyway? I only know that to weaken it, you print more money

I don't think it will hit 3.0. To the best of my memory, it only the peak of approximately 2.47+. Based on my brief understanding, to strengthen it, u can work on either the demand or supply. If the interest rate in SG is comparable higher than the rest in the same risk category, I suppose it will attract hot money from overseas, seeking higher returns. In the same vein, if we restrict the supply of SG as it seems to suggest from the article, might achieve the same result, perhaps varying in time, degree of effectiveness as well as impact of other issues etc.

Just my 3 cents' worth of views.

 

[liverpool73]

Got 244.20 from the Ah Neh besides Poh Heng at People Park. He will quote you 244 on the onset but can jio jio him for a better rate since all the moneychangers are quoting 244. Cheers!

 

[skar78]

Suntec and MW here rates at 2.44. any comments whether this is the highest or wait for awhile maybe can go up a bit more?

 

[AlvinDj]

Looking very good the rates these days!

 

[liverpool73]

Suntec and MW here rates at 2.44. any comments whether this is the highest or wait for awhile maybe can go up a bit more?

I would go for hedging. If the rate seems ok to you now, may wish to change half of your budget first and thus secure the current rate. If it happens to turn against you subsequently, at least u are covered. If the rate improves further, change the remaining portion lor.

At the end of the day, the average rate should be better than waiting for the best rate which might simply pass you without you realising it.

 

[rachdanon]

Just called at arcade is 244.20 . Any better elsewhere?

 

[jq75]

this is good!!!

 

[sbu7360]

J8 money changer 244.1

 

[dede1217]

J8 money changer 244.1

good!
i changed at chinatown for 243.8

 

[AlvinDj]

Changed inside JB earlier... Although glassed displayed 240 but I was given 244 !!!!

 

[liverpool73]

good!
i changed at chinatown for 243.8

which one in Chinatown d u go to? that Ah Neh besides Poh Heng at Peoples Park offers competitive rates.

 

[jq75]

Changed inside JB earlier... Although glassed displayed 240 but I was given 244 !!!!

not all will do tt. some stick with whats displayed

 

[AlvinDj]

not all will do tt. some stick with whats displayed

If you drive and head towards Tebrau Highway route upon exit of custom, almost ALL the $ changers along the road will do that for sure...

But not the case if you are not driving and need to change at City Square area...

 

[Casio2010]

Got 244.20 from the Ah Neh besides Poh Heng at People Park. He will quote you 244 on the onset but can jio jio him for a better rate since all the moneychangers are quoting 244. Cheers!

Is it still $244 MYR?

I plan to change it at the People Park Hawker Center, CK Store there. Today rate is $245.08. BUt, i guess should be $244 MYR.

 

[liverpool73]

Is it still $244 MYR?

I plan to change it at the People Park Hawker Center, CK Store there. Today rate is $245.08. BUt, i guess should be $244 MYR.

The rate which I got from that Ah Neh besides Poh Heng at Peoples Park on Tues is 244.20. Am not sure if that rate still holds. Perhaps others can chip in what other places are offering today too.

 

[rachdanon]

Can some kind soul working around Raffles MRT post what is the rate at The Arcade now?

 

[cheong79]

Can some kind soul passing-by bedok centre post what is the rate at the Ah neh 4D shop now?

 

[Snowworld]

Can some kind soul passing-by bedok centre post what is the rate at the Ah neh 4D shop now?

Change on 19/04, rate @ 244.1

 

[rachdanon]

Change on 19/04, rate @ 244.1

Thanks Snow