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Exchange Rates for RM

V

vincentck

Alfrescian
Loyal
James Porn said:
Thanks for sharing and heads up on DBS Remit and other information. Apart from the excellent exchange rate, it beats the convenience of having to go to the MC and most of all, having to bring the ringgit over the causeway. :smile: Let;s hope we can continue to enjoy the No Service Charge promo and to receive the full remittance at the Malaysian banks.
Click to expand...
You're welcome; this was shared to me by Crystal. The excellent rate is the main reason, convenience, safety and avoiding fake RM notes are bonuses to me.

dumb1 said:
Just transferred fund from posb to ocbc my @3.0432 with nil service charge.
Click to expand...
Same here; I'm doing dollar cost averaging this round. I only change $1000 every time the rate is higher.
 
M

myrsing

Alfrescian
Loyal
vincentck said:
You're welcome; this was shared to me by Crystal. The excellent rate is the main reason, convenience, safety and avoiding fake RM notes are bonuses to me.


Same here; I'm doing dollar cost averaging this round. I only change $1000 every time the rate is higher.
Click to expand...

Bro for Cimb maximum trsf per day is m$20k.

How about DBS? Any maximum m$ amt limits can be transferred?

Tks.
 
S

snowbird

Alfrescian
Loyal
RM is sure sliding fast, CNA news report just now is 3.07!
One reason could be BNM is not interfering or unable to prop up the RM with the fast shrinking Reserve.
So perhaps, maybe it'll be wiser to hold on to your S$ for a while.
 
Last edited:
J

James Porn

Alfrescian
Loyal
snowbird said:
RM is sure sliding fast, CNA news report just now is 3.07!
One reason could be BNM is not interfering or unable to prop up the RM with the fast shrinking Reserve.
So perhaps, maybe it'll be wiser to hold on to your S$ for a while.
Click to expand...

I agree, change to RM up to the amount you need for expenses etc. There are too many factors pointing to a weaker ringgit ahead and not surprise to see it continue to slide lower against the SGD.
 
W

winners

Alfrescian
Loyal
With the PAP garnering 69.9% and continued falling oil prices, I expect the Ringgit to touch RM3.10 next week.

Unfortunately, as long as Najib Kor is still at the helm, the Ringgit can never see the day of light.
 
H

hemohemo

Alfrescian
Loyal
myrsing said:
Tks bro. U are right about the max limit. Strange. I did a transfer @1230 from DBS. Till now my Msian a/c still not credited..
Click to expand...
I called DBS two hours after transfer and was told once you received a SMS from DBS, the money has been transferred. Any delay the amount showing up in your MY account is due to the receiving bank. For my case to CIMB, it took a day.
 
E

enjoylife77

Alfrescian
Loyal
Law minister already sounded discomfort about weak neighbouring currencies before election. I assumed he was referring to less inbound tourist and more Sinkies shopping outside thus depriving them the 7% GST. Now election over and lets see what's counter measure will be taken.
 
V

vincentck

Alfrescian
Loyal
DBS Msia Remit rate wasn't very good today; didn't touch 3.05 even though RM dropped to a new low of 3.0781. Having said that, it's really not environmentally-friendly to send a hardcopy statement for each transfer; I received 3 hardcopy statements for 3 transfers done last week.
 
E

enjoylife77

Alfrescian
Loyal
Narmi said:
Cool! But where is it exactly bro? If the Caltex is near the JB Sentral so 'adjacent' means its d JBCC Komtar building?
Click to expand...
After immigration you will be heading straight to City Square like many others. When you can see the Caltex Station exactly on your right side, take the ESCALATOR DOWN on your left hand side. This is also where people wait for their taxi. You will see the MC kiosk that I am talking about. That's the best rate around the area.

Please update us the rate after you have done so.
 
Matahari

Matahari

Alfrescian
Loyal
should anything untoward happened today, ringgit will crash to RM5 against SGD?
please behave sensibly.

2015-09-16 09.18.44.jpg
 
N

Narmi

Alfrescian
Loyal
enjoylife77 said:
After immigration you will be heading straight to City Square like many others. When you can see the Caltex Station exactly on your right side, take the ESCALATOR DOWN on your left hand side. This is also where people wait for their taxi. You will see the MC kiosk that I am talking about. That's the best rate around the area.

Please update us the rate after you have done so.
Click to expand...


Tks bro. Rate was the same yday at 305rm
 
M

Manhattan

Alfrescian
Loyal
Ringgit strengthen fiercely these 2 days since the rally, hope all the investors here had harvested enough ringgit at 3.05.
 
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