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Exchange Rates for RM

Discussion in 'A Singaporean's guide to Living In JB' started by crystal_tiong, Jan 11, 2012.

  1. crystal_tiong

    crystal_tiong Alfrescian Old Timer

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    Today rate as follows :

    Yishun : 242
    Acrade : 242.80
    Sun Plaza : 242.20


    Guys , if you know any gd rate in SG , please help to broadcast here.

    Thanks
     
  2. Grago

    Grago Alfrescian Old Timer

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    Hi Crystal,

    Good deed at the beginning of the year:D Definetly this year will be a good and successful year for you:D
     
  3. crystal_tiong

    crystal_tiong Alfrescian Old Timer

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    Hi Grago

    Thanks for e blessing!
    Rates has been quite low this few days , hopefully after CNY , rate will be at least 2.44 then i can start to remit money for my house liao

    Cheers!
     
  4. checkers

    checkers Alfrescian Old Timer

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    12 Jan TT rate

    2.433 @ Raffles - @ Raffles Place
     
  5. LGLab

    LGLab Alfrescian Old Timer

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    u so good can wait until then?

    my freaking agent trying to push me to go sign S&P, lawyer letter, loan offer letter and pay the 14% all at 1 shot..
     
  6. LGLab

    LGLab Alfrescian Old Timer

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    Are u talking about Raffles1 money changer?...
     
  7. checkers

    checkers Alfrescian Old Timer

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    Yes, LGLab...it's at Clifford Centre.

    Today's rate is the same as yesterday's. Are you remitting the money to a developer, a account owned by a Singaporean or others?

    If the account does not belong to a Singaporean, you can remit amount more the 10000 RM.

    For this money changer, if you remit 50 000 RM and above (only possible to developer or non-Singaporean account) the $10 charge is waived.
     
  8. crystal_tiong

    crystal_tiong Alfrescian Old Timer

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    oh, my 10% i have already settled liao .
    Just that i have to pay for my state levy , waiting for gd rate to remit .
    I use raffles money changers at Jurong pt to do remit RM10k per day , the next day night u can see in reflect in yr bank liao.
    In jurong pr outlet , u dun have to pay for e admin fees for remit 10k above , but the one at clifford is only wiaved if u remit 50k .
    So i would advise go jurong pt to remit. Its ok to go every day to remit la , asking other ppl to issue cheque is not so convenient , buy some time from yr lawyer. anyway when my developer chase me for my payment , after collecting cheque from me they also took 2 weeks to clear e cheque ....
     
    Last edited: Jan 13, 2012
  9. LGLab

    LGLab Alfrescian Old Timer

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    do u think it is safe to just remit straight into the account that my property agent gave me?

    he mentioned that is it the lawyer account ( public bank account)

    i am thinking to remit to my own maybank account first and then do a banker draft opened with the lawyer company name...

    isnt that safer?..

    by the way, when u are remitting your 10%, what is the exchange rate like back then? and when was it?.. thanks..
     
    Last edited: Jan 13, 2012
  10. crystal_tiong

    crystal_tiong Alfrescian Old Timer

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    seriously , i wont wan to remit directly to their acct .
    Also I wan to see S&P documents before i pass them the cheque.
    i just did last mth , rate was 243.3 , 243.4 , 243.6 ,243.7 for the 4 days i remitted.
    Btw , why u open maybank acct ? they have monthly fees incurred leh even though u met their min sum requirement.
    U shouldnt waste yr time now and keep asking ppl , you already missed 2 days to remit RM20k into yr acct liao.
    For fri - sun remittance , it will only remit by mon or tue latest.
    So next mon start to remit .
     
  11. LGLab

    LGLab Alfrescian Old Timer

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    Now the rate had dropped to 242 something..

    I dont know mah, i thought Maybank reputable there thats why i opened an account with them.

    Now to find out they have monthly charges, this and that..

    Can I remit during weekends?.. as long they can provide me the necessary receipt upon me remitting..

    I only got the info yesterday that i should pay 14% now..
     
  12. LGLab

    LGLab Alfrescian Old Timer

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    Shit, i need to head down.. i called their subbranch telling me it is 242.3..

    i never say i want to do TT.. only say exchange..
     
  13. checkers

    checkers Alfrescian Old Timer

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    LGLab

    Check their opening hours for raffles 1 . Sat is half day i think and it is not open on sunday.

    You are right. Remit to your own account first. And don't pay up until all documents are signed.
     
  14. LGLab

    LGLab Alfrescian Old Timer

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    i wonder if jurong point sub branch offering the same TT rate...
     
    Last edited: Jan 14, 2012
  15. LGLab

    LGLab Alfrescian Old Timer

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    hi crystal,

    sorry gonna check with you. do they charge u when u try to remit 10k per time?

    thanks.
     
  16. crystal_tiong

    crystal_tiong Alfrescian Old Timer

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    No admin fee if change at Jurong pt.
     
  17. LGLab

    LGLab Alfrescian Old Timer

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    Remit rate : 2.432 - best they can give me for 4k remittance

    exchange rate :- 2.42 ..

    seems like MYR had strengthen..
     
  18. LGLab

    LGLab Alfrescian Old Timer

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    remit rate was 2.427 yesterday for 10000 RM remitted..

    at Raffles of Jurong Point..
     
  19. crystal_tiong

    crystal_tiong Alfrescian Old Timer

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    Seems like last week remittance rate still not bad , maybe u should change some cash n cash deposit while remitting in order to speed up to have downpayment in yr acct,
     
  20. LGLab

    LGLab Alfrescian Old Timer

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    I have told my agent that earliest the 86000 RM will only be end by 30 Jan 2012.

    He volunteer to ask me bring cash over and then exchange there, I dont think that is feasible.

    By the end, is our branch only "Johor" will do? Do not need "Johor Bahru" right?

    Example, MayBank Johor..
     

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