I have found another money exchanger at Raffles Place which offers better rate for most currency. It is Far East Exchange at #01-04A golden shoe carpark.
Exchange Rates for RM
- Thread starter crystal_tiong
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Hi Bro DCputeri,
Keen to share the 4.1% FD is from which bank? How long is the tenure? Thanks in advance.
It is FD from RHB for 15 months with effective rate of 4.1% at rates increases progressively for every 3 months. It rather late now as it has closed on 31 Aug 2014.
Where is your source? Raffles is only 2.525 (Cash) and Far East (2.527).
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Ok, I see. Bro DCputeri, thanks anyway.
Should move to 2.58 against sgd
Bank Negara maintains OPR at 3.25% - Business News
KUALA LUMPUR: Bank Negara Malaysia has announced that it is maintaining the Overnight Policy Rate (OPR) at 3.25% at the Monetary Policy Committee (MPC) meeting today.
The central bank noted that inflation had continued to stabilise as the effects of the price adjustments for utilities and energy continued to diminish.
“Inflation is expected to remain relatively stable for the remainder of the year. Going into next year, inflation is projected to edge higher and is expected to be above its long-term average due to domestic cost factors.
“The absence of external price pressures and more moderate demand conditions are expected to mitigate the impact of these cost factors on the underlying inflation,” Bank Negara said.
It added that economic activity in the country had been supported by the continued growth in domestic demand and exports. Domestic demand was expected to moderate but would remain the key driver of growth.*
"The prospects are for the Malaysian economy to remain on a steady growth path. The current stance of monetary policy remains supportive of growth.*
"Moving forward, the MPC will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation. Further adjustment to the degree of monetary accommodation may be taken depending on how new information will affect the assessment on the balance of risks,” Bank Negara stressed.
Bank Negara maintains OPR at 3.25% - Business News
KUALA LUMPUR: Bank Negara Malaysia has announced that it is maintaining the Overnight Policy Rate (OPR) at 3.25% at the Monetary Policy Committee (MPC) meeting today.
The central bank noted that inflation had continued to stabilise as the effects of the price adjustments for utilities and energy continued to diminish.
“Inflation is expected to remain relatively stable for the remainder of the year. Going into next year, inflation is projected to edge higher and is expected to be above its long-term average due to domestic cost factors.
“The absence of external price pressures and more moderate demand conditions are expected to mitigate the impact of these cost factors on the underlying inflation,” Bank Negara said.
It added that economic activity in the country had been supported by the continued growth in domestic demand and exports. Domestic demand was expected to moderate but would remain the key driver of growth.*
"The prospects are for the Malaysian economy to remain on a steady growth path. The current stance of monetary policy remains supportive of growth.*
"Moving forward, the MPC will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation. Further adjustment to the degree of monetary accommodation may be taken depending on how new information will affect the assessment on the balance of risks,” Bank Negara stressed.
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Testing 2.56. Hope dun kakup.
Interbank rate close to 2.57 today. How are the money changers quoting?
Weak RM is good for export. Malaysia produces a lot of goods for export.
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