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Exchange Rates for RM

S

sgcount

Alfrescian
Loyal
xebay11 said:
Bank transfer via DBS to CIMB Malaysia 3.04 yesterday, from the comfort of my office.
Click to expand...

Sorry a beginner's question here...

So you mean you have a DBS Singapore account here, and then you transfer from SGD to RM into your CIMB Malaysia account? Are there any charges?

Your rate looks very good. I thought for such cases, need to go through remittance company.
 
X

xebay11

Alfrescian
Loyal
sgcount said:
Sorry a beginner's question here...

So you mean you have a DBS Singapore account here, and then you transfer from SGD to RM into your CIMB Malaysia account? Are there any charges?

Your rate looks very good. I thought for such cases, need to go through remittance company.
Click to expand...

Yes just open a Malaysia CIMB account, now DBS can do overseas transfer to Malaysia for free, up to 31st December only. What I did was also setup a Singapore CIMB account, this one you can transfer to MY CIMB free permanently. Actually physical change money in Johor is usually better, but sometimes I cannot go to Johor and know that there is a good rate, I do Internet transfer, at least can catch the good rate.
 
C

cow138

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Realise if the rate changes very fast the bank rates will be higher then the money changer.. Else outside will usually be better..
 
K

kawan2sgmy

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Anybody can share how can I change ringgit to S$ with minimum exchange rate loss?
For online banking, there is a charge of RM25, on top of that the exchange rate was like 3.11 from M'sia bank to S'pore bank.
S$ to RM from S'pore money changer was like 3.05.
For a fairly big sum of RM, the exchange rate loss is quite significant.


enjoylife77 said:
Reuters RM$3.0671.
Not sure if weakness will continue till CNY.
Click to expand...
 
A

angmokio

Alfrescian
Loyal
Kawan, I would be happy to change with you if your offers are good. we can discuss on that. If ok to you, send me a private message with your mobile number. thanks
 
A

angmokio

Alfrescian
Loyal
kawan2sgmy said:
Anybody can share how can I change ringgit to S$ with minimum exchange rate loss?
For online banking, there is a charge of RM25, on top of that the exchange rate was like 3.11 from M'sia bank to S'pore bank.
S$ to RM from S'pore money changer was like 3.05.
For a fairly big sum of RM, the exchange rate loss is quite significant.
Click to expand...

may I suggest if its simpler, transfer to my ocbc jb bank account and I pay you in sgd
 
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