[Official Thread] Ringgit Exchange Rate

[Habrosus]

Strange..I saw 2.66 on 20 Feb 2015 at JB sentral

I was there Monday and Tuesday, boards showing 2.56. Both days "actual" exchange was 2.62.

 

[luei74]

Arcade web sai 2.66 as of now...Don't tell me rate at 2nd floor at 2.67 again...

 

[lowniu]

I want to change sgd30k to RM this few days, may I know where can get the higher rate at Sg?

 

[mykuali.net]

Go to Arcade at Raffles Place.

I want to change sgd30k to RM this few days, may I know where can get the higher rate at Sg?

 

[greenhse]

2.67 at Arcade @ 5pm

 

[ipadxcell]

Any updates from arcade? Thanks!

 

[micromousez]

Centrepoint & 313 - 2.66

 

[fadefade]

2.672 i changed ard 1300hrs

 

[ipadxcell]

Thanks. Looks like it's going up.

 

[Habrosus]

Thanks. Looks like it's going up.

Yup, these couple of days' rates have gone higher than last week's!

 

[xiaoekin]

wads the rate for today???

 

[d3n]

wads the rate for today???

yah i want to know also

 

[mykuali.net]

Between 2.65 - 2.67

yah i want to know also

 

[cc2mss5]

Changed 264.7 @ Chinatown complex today.

Typo updated

 

[yhw22]

Changed 246.7 @ Chinatown complex today

Typo? Now 2.6xxx

 

[cc2mss5]

Typo? Now 2.6xxx

Yes, updated liao

 

[IT-Kaki]

now is on which rate? thinking of exchange some for shopping use

 

[ccssgm]

264.55 @ Bishan J8

 

[cryn79]

264.8 @ Raffles Arcade

 

[a1v1n_]

Ringgit falls, leading retreat in Asian currencies on China rate cut - Markets News & Top Stories - The Straits Times

Ringgit falls, leading retreat in Asian currencies on China rate cut
Published on Mar 2, 2015 10:10 AM

KUALA LUMPUR (Bloomberg) - The ringgit fell, leading Asian losses, on concern China's latest interest-rate cut will spur weakness in the yuan and hurt Malaysia's exports.

The People's Bank of China lowered its benchmark lending and deposit rates by a quarter percentage point effective on Sunday to shore up growth in the world's second-largest economy. China is Malaysia's second-biggest export market after Singapore, and the yuan dropped to a two-year low against the US dollar in Monday.

"The weekend rate cut affirms the easing bias that the Chinese authorities have," said Jonathan Cavenagh, a currency strategist at Westpac Banking Corp. in Singapore. "Countries that export a fair bit to China, and Malaysia is one of those, have to be worried about losing competitiveness."

The ringgit depreciated 0.6 per cent, the steepest decline since Feb 18, to 3.6270 a US dollar as of 9:33am in Kuala Lumpur, according to data compiled by Bloomberg. The yuan fell as much as 0.06 per cent to 6.2733 against the U.S. currency in Shanghai, the weakest level since October 2012.

Malaysia's state oil company Petroliam Nasional Bhd reported a fourth-quarter loss last week amid a slump in crude prices that's cutting revenue in the energy-exporting nation, which gets 30 per cent of government income from oil-related sources.

Petronas posted a RM9.9 billion (S$3.72 billion) loss in the three months through December, compared with a RM9.6 billion profit a year earlier, it said last week.

One-month implied volatility in the ringgit, a measure of exchange-rate swings used to price options, rose 21 basis points to 10 per cent, the biggest increase in a week.

Malaysian sovereign bonds were little changed, with the 10-year yield at 3.88 per cent, data compiled by Bloomberg show.