[Official Thread] Ringgit Exchange Rate

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slayer98

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usually rates are better at JB or Arcade/chinatown? If JB offer higher rate, can share location. Thanks.
 

iammole

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If somebody wanna change a big sum, say SGD100k, any idea the best method for the best rate?

Above certain amt at money changer, sgd10k? , they already will need to inform the authorities... (this is by right)... money laudering purpose.

so.... u toking abt sgd100k... :s22:
 

iammole

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Above certain amt at money changer, sgd10k? , they already will need to inform the authorities... (this is by right)... money laudering purpose.

so.... u toking abt sgd100k... :s22:

Money-changing involves the buying and selling of foreign currency notes and may be conducted under a sole proprietorship, partnership or company. The money-changing licensees are expected to put in place an appropriate system, including the reporting of suspicious transactions, to help prevent money laundering and terrorist financing. They are required to keep complete records of all their transactions and perform relevant customer due diligence measures for transaction amounts of S$5,000 and above.

Above 5k will get some extra attention...
 
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