Exchange Rates for RM

Read from the newspaper that MAS is allowing S$ to weaken against US$. Also, Malaysia has attracted a lot of of foreign investment and that will drive up the demand for RM. Taken together, I'm afraid the exchange rate for S$ to RM may get lower.

Let's see what happen after CNY.
 
I just changed at 246.2 at Sembawang Shopping Centre. Sighs.....

nowadays ssc rate are not gd anymore , their biz are getting better since we helped to advertise for them.
last time his rate abt the same as acrade , now so much diff !
 
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Quite a big drop.... Do you guys think it will hit 2.5 again soon?

Or it will trend down towards 2.4?
 
Don't forget Malaysia is No. 2 in illegal capital flight. About RM200 billion gets out of the country.
Maybe there won't be big change in rates?

Read from the newspaper that MAS is allowing S$ to weaken against US$. Also, Malaysia has attracted a lot of of foreign investment and that will drive up the demand for RM. Taken together, I'm afraid the exchange rate for S$ to RM may get lower.

Let's see what happen after CNY.
 
I honestly don't know.

If the illegal capital flight is an on-going thing, with more demand for RM now, logically it should have an impact.

Don't forget Malaysia is No. 2 in illegal capital flight. About RM200 billion gets out of the country.
Maybe there won't be big change in rates?
 
I was charged SGD10 at Dollar Exchange JP for remitting RM1K to a Malaysian.

Previously, I remitted RM10K and wasn't charge SGD10.

I totally forgot about the transaction charge.
 
All service providers do not impose service charge if the remitting amount is $10K or higher.
I was charged SGD10 at Dollar Exchange JP for remitting RM1K to a Malaysian.

Previously, I remitted RM10K and wasn't charge SGD10.

I totally forgot about the transaction charge.
 
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