Exchange Rates for RM

[snowbird]

One week ago I had warned of the repercussion on the RM due to the 1MDB debacle.
It is confirmed now that 1MDB had defaulted for missing the interest payment of US$50 million.
As such, MY govt, being the guarantor for 1MDB may be liable to a US$6.481 billion debt instantly!
Today, the ringgit fell and 1MDB’s dollar bonds slumped and its now S$1:2.91 already!
Don't say I don't share good news ha! (or bad news in this instance for the poor Malaysians)

http://www.bloomberg.com/news/artic...t-s-in-default-after-missing-interest-payment

 

[jayeho]

One week ago I had warned of the repercussion on the RM due to the 1MDB debacle.
It is confirmed now that 1MDB had defaulted for missing the interest payment of US$50 million.
As such, MY govt, being the guarantor for 1MDB may be liable to a US$6.481 billion debt instantly!
Today, the ringgit fell and 1MDB’s dollar bonds slumped and its now S$1:2.91 already!
Don't say I don't share good news ha! (or bad news in this instance for the poor Malaysians)

http://www.bloomberg.com/news/artic...t-s-in-default-after-missing-interest-payment

wow! thaNKS for sharing! i am actually waiting to change Rm...

 

[snowbird]

Besides the 1MDB issue, there is another major issue that may directly affect the RM.
The governor of Bank Negara will be retiring next week and yet there is no confirmation on who will be taking over.
The choice of the new governor will have some definite effect on the RM, so in the coming week, RM may be quite volatile.

 

[jayeho]

Besides the 1MDB issue, there is another major issue that may directly affect the RM.
The governor of Bank Negara will be retiring next week and yet there is no confirmation on who will be taking over.
The choice of the new governor will have some definite effect on the RM, so in the coming week, RM may be quite volatile.

i just check online, the exchange rate same as yesterday S$1 : Rm2.88+
anyway thanks again Snowbird, wish can change more Rm..

 

[Tekkun]

i just check online, the exchange rate same as yesterday S$1 : Rm2.88+
anyway thanks again Snowbird, wish can change more Rm..

The Deputy Governor has just been appointed as Governor. So it is a continuation of Zeti's policies. Forex is quite stable.

 

[Manhattan]

SG currency super resiliant, still climbing against all major currencies despite the recent mas announcement. 2.92 now. Against Aud also going back towards 1.015.

 

[xebay11]

SG currency super resiliant, still climbing against all major currencies despite the recent mas announcement. 2.92 now. Against Aud also going back towards 1.015.

Very good, both currencies favorable for me, USD next please.

 

[inspired]

seems like changing money in malaysia like not worth anymore...

http://blog.cashchanger.co/changing...e-better-youll-be-surprised-by-what-we-found/

interestingly, this site got crowd sourced information for RM and quite accurate: http://cashchanger.co/sgd-to-myr?curr=myr

 

[winners]

seems like changing money in malaysia like not worth anymore...

http://blog.cashchanger.co/changing...e-better-youll-be-surprised-by-what-we-found/

Not accurate lah. They usually give more than those rates published on their billboards for large amounts. You have to ask the counter staff to know the exact rate.

 

[ECboy]

Recently publicized app

https://get4x.com/

http://cashchanger.co/

 

[snowbird]

Today 2.94 in many MC.
The next big event that may affect the rate will the Sarawak state election result this weekend.
The whole MY cabinet is now in Sarawak to give all sorts of promises to the folks there trying for a big win.

 

[Tekkun]

Today 2.94 in many MC.
The next big event that may affect the rate will the Sarawak state election result this weekend.
The whole MY cabinet is now in Sarawak to give all sorts of promises to the folks there trying for a big win.

I hope SGD would be as high as possible. If can hit 3.5, I would buy myself a bottle of champagne.

 

[snowbird]

I hope SGD would be as high as possible. If can hit 3.5, I would buy myself a bottle of champagne.

Why are you celebrating on the misfortune on the devaluation of the RM for yourself and fellow Malaysians for being poorer??

 

[Tekkun]

Why are you celebrating on the misfortune on the devaluation of the RM for yourself and fellow Malaysians for being poorer??

High $S show how strong SG is. So you must be very proud. The stronger, the better. Majulah Singapore.

 

[bakkuttay]

many proud loyal singaporeans chose to stay away from singapore.

hahahahaha..........................

 

[Tekkun]

many proud loyal singaporeans chose to stay away from singapore.

hahahahaha..........................

May I add ..successful and rich...hahaha..

 

[cow138]

What's the outlook for the ringgit?

 

[winners]

Today 2.94 in many MC.
The next big event that may affect the rate will the Sarawak state election result this weekend.
The whole MY cabinet is now in Sarawak to give all sorts of promises to the folks there trying for a big win.

Not to worry. The incumbent will still win, albeit with a slight setback. Thereafter, the Ringgit will strengthen again next week.

 

[ECboy]

Not to worry. The incumbent will still win, albeit with a slight setback. Thereafter, the Ringgit will strengthen again next week.

IMF already give greenlight to Bank Negara, RM going slightly up again.

 

[xebay11]

Why are you celebrating on the misfortune on the devaluation of the RM for yourself and fellow Malaysians for being poorer??

He is exporter lah, he earn money in foreign currency, probably SGD.