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Exchange Rates for RM

C

CameraMan

Alfrescian
Loyal
hi kengheng23,

Actually, tt rate of 244.5 is quite good. The rate 243 is for cash exchange, right?

TT rate is usually higher than cash exchange.

Hope this help.

kengheng23 said:
Today call Raffles Money Changer PL tt rate was RM244.50,check out yew tee point exchange rate RM243.00 only.
Is it becos of wkend and holiday so demand higher as such the rate is low
Click to expand...
 
wufucheng

wufucheng

Alfrescian
Loyal
kengheng23 said:
Today call Raffles Money Changer PL tt rate was RM244.50,check out yew tee point exchange rate RM243.00 only.
Is it becos of wkend and holiday so demand higher as such the rate is low
Click to expand...

There are 2 Money Changers at YT, which one U think has a better rate.
BTW, both do not do TT
 
S

sgtsk

Alfrescian
Loyal
kengheng23 said:
Today call Raffles Money Changer PL tt rate was RM244.50,check out yew tee point exchange rate RM243.00 only.
Is it becos of wkend and holiday so demand higher as such the rate is low
Click to expand...

I seem to have the impression that the rates are not good during weekend or holidays as the money changers has no normal markets to gauge the rates. So to try to cover the risk, the spread during holidays or weekend is bigger.
 
Talking Donkey

Talking Donkey

Alfrescian (S)
sgtsk said:
I seem to have the impression that the rates are not good during weekend or holidays as the money changers has no normal markets to gauge the rates. So to try to cover the risk, the spread during holidays or weekend is bigger.
Click to expand...

You're right on that,never change large amount during weekend or on public holidays when the forex market is closed.
the moneychangers love it when customers change during this period cause they tend to lower the rate by about 50cts to a dollar.

be smart wait and for crystal tiong jie jie advice,you will never go wrong by listening to her advice.:smile:
 
K

kengheng23

Alfrescian
Loyal
wufucheng said:
There are 2 Money Changers at YT, which one U think has a better rate.
BTW, both do not do TT
Click to expand...

the one inside YT Point has better rate, but last i check at Lot 1 rate was Rm 243.81
went to tt today rate was RM244.4 at Union of Boon Lay Shopping ctr
 
Last edited:
wufucheng

wufucheng

Alfrescian
Loyal
kengheng23 said:
the one inside YT Point has better rate, but last i check at Lot 1 rate was Rm 243.81
went to tt today rate was RM244.4 at Union of Boon Lay Shopping ctr
Click to expand...

Thanks kengheng23.
How much the Union of Boon Lay Shopping ctr charge for tt?
Is there any min. sum?
 
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