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Exchange Rates for RM

westcoastbay

Alfrescian
Loyal
TT small amount last month on 27th, rate 2.398.

Now suddenly 2.50.

But I am not complaining as I need to remit every month. Hope it can hit 2.55. :p
 
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SageC

Alfrescian
Loyal
Just called up Raffles MC at Jurong Point, their remittance rate now is 2.478. Yesterday it was 2.475, but yesterday I managed to get 2.478 when I was remitting ringgit 30,000. Can bargain with them for large amounts. So today probably can get 2.48 at least.
 

Chocolate

Alfrescian
Loyal
A sign that there are many redemptions taking place. As evident in the regional bourses.


I was advised by a friend that a good way to convert SGD into Ringgit is by using a Derivative account. We will be paid interest ( as much as 5% ) on our SGD deposit till it reaches its strike price, then converted. Has anyone done this? Am wondering what other costs are there? I understand we have to TT the money over. Am thinking of doing it from UOB here to UOB in JB. I need to convert a big amount now, a few hundred K so thought this may be a good time.
 

OracleMasia

Alfrescian
Loyal
If you transfer funds from your account under CIMB Spore to your Malaysia account under CIMB Malaysia online, there is no transaction/admin charge involved.

Rate is quite . Today is 2.472.
 
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