Exchange Rates for RM

[Flames878]

I just did TT at 2.43 at Raffles Clifford.

Today is one day you get a better rate at moneychanger than at PBs or even the interbank rate !

 

[crystal_tiong]

no hurry to change as long as XX is in power , RM will get weaker ...

 

[Funds Transfer]

no hurry to change as long as XX is in power , RM will get weaker ...

XX = Najib?

 

[Flames878]

Here is a rsch rpt by Stan Chart today on the Ringgit

"SGD-MYR to extend losses on election, value, policy"

https://docs.google.com/file/d/0B_Zmy_B786BLQkNSRDlIQkFkWkU/edit?usp=sharing

 

[Sweeve]

Thank you Flames878.

Lotsa technical terms in this report.

From what I can understand, the ringgit will continue to strengthen over the next few months.

What about in the long term ?

Here is a rsch rpt by Stan Chart today on the Ringgit

"SGD-MYR to extend losses on election, value, policy"

https://docs.google.com/file/d/0B_Zmy_B786BLQkNSRDlIQkFkWkU/edit?usp=sharing

 

[FHBH12]

According to xe.com, rates are hovering around 241..

time to make a dash to the money changers this evening ?

Dun panic, it means your Iskandar property has appreciated in SGD since MYR is stronger.

 

[wolverine23]

Any idea how I can save this PDF file on my computer?

Thanks!

Here is a rsch rpt by Stan Chart today on the Ringgit

"SGD-MYR to extend losses on election, value, policy"

https://docs.google.com/file/d/0B_Zmy_B786BLQkNSRDlIQkFkWkU/edit?usp=sharing

 

[FHBH12]

Any idea how I can save this PDF file on my computer?

Thanks!

File -> Download -> Save as

 

[Chocolate]

Any idea if this rate is set to go up further against us or stabilise around this level? I hope not.Am hoping it will revert to old levels of at least 2.48. I have a loan to service and while I have gained on what I've paid so far, my condo has suddenly gone up in price as in remaining portion( unpaid) now will cost more in SGD. I took a loan from a Malaysian bank. Am wondering if we borrow from a Singapore bank, are we cushioned against Forex as in do we lock in rates as we pay in SGD? For future purchases I may want to do that if that is so.

 

[LeMans2011]

Any idea if this rate is set to go up further against us or stabilise around this level? I hope not.Am hoping it will revert to old levels of at least 2.48. I have a loan to service and while I have gained on what I've paid so far, my condo has suddenly gone up in price as in remaining portion( unpaid) now will cost more in SGD. I took a loan from a Malaysian bank. Am wondering if we borrow from a Singapore bank, are we cushioned against Forex as in do we lock in rates as we pay in SGD? For future purchases I may want to do that if that is so.

That is because ringgit strengthened... but it could have gone other way.

 

[Chocolate]

You mean if results had gone another way? Not much chance of that . I hope this is just knee jerk reaction although I understand analysts are expecting it to remain higher than it was pre-election. For big ticket items , its gonna make a big difference.

 

[DCputeri]

Should have deposited more MYR in Malaysia account when it was 2.50.

 

[Funds Transfer]

Should have deposited more MYR in Malaysia account when it was 2.50.

Trust that you have a healthy balance there or are you one that would change SGD to MYR monthly to pay the instalments?

 

[DCputeri]

Why not when interest is 3.8% and can also pay for home later.

 

[Funds Transfer]

Why not when interest is 3.8% and can also pay for home later.

Yup, same mentality for me too.

 

[kopikong99]

Why not when interest is 3.8% and can also pay for home later.

3.8 % is quite good compared to my FD rate. Can recommend the bank with good FD rates.

 

[DCputeri]

RHB got another promotion during the Chinese new year period with 3.88%pa. Not for now.

 

[franklkk]

Today (09/05) @ Toa Payoh Central - 2.4402 (cash)

 

[Chocolate]

Sounds like Ringgit is climbing back up? Wonder if it was just a knee jerk reaction.

 

[kiteman]

Today cash rate is 2.445 at Parkway. TT rate is 2.4425.