Exchange Rates for RM

Shiok for all whom took up loan. Paying back with cheaper ringgit. Fantastic deal.

Thinking of TT also......


AHGS14 said:
Ringgit hitting a new low. May be opportune to convert some. Just TT over via CIMB (via relationship manager, not online) at the rate of 2.6005.
Click to expand...
 
bakkuttay said:
At change alley best is rm2.57 now
Click to expand...

I usually do my own monitoring of the rate using XE apps. CIMB guy says their offer rate to me is usually .01 away. When I called to do the TT this morning, XE showed 2.61.., so I managed to lock in the rate of 2.6005. XE is now showing 2.6255, I should have waited :-(.
 
AHGS14 said:
I usually do my own monitoring of the rate using XE apps. CIMB guy says their offer rate to me is usually .01 away. When I called to do the TT this morning, XE showed 2.61.., so I managed to lock in the rate of 2.6005. XE is now showing 2.6255, I should have waited :-(.
Click to expand...

Hi,

Ur Cimb banker TT requires a minimum amount of ? to be able offer u this exceptional TT rate of XE - 0.01?
CIMB TT still need incur some facility charges can run up to $100. Small amount Banker TT in thousands not worth.
Banker must have a min amount to begin with? Otherwise normal cimb tt. But rate sucks. :(
 
Just checked. CIMB internal TT rate now at 2.5861.
Not bad. Can do some small amy $ TT this week.

:D
 
eric3417 said:
Hi,

Ur Cimb banker TT requires a minimum amount of ? to be able offer u this exceptional TT rate of XE - 0.01?
CIMB TT still need incur some facility charges can run up to $100. Small amount Banker TT in thousands not worth.
Banker must have a min amount to begin with? Otherwise normal cimb tt. But rate sucks. :(
Click to expand...

I have never asked them about the minimum sum. You are right and I have found a few times that the online TT rates were no good, so I usually go through my relationship manager. For me, I usually transfer about SGD50K-100K. When I remit from SG-CIMB to MY-CIMB accounts, there is no additional charge, e.g. SGD50K will translate to MYR130K if the rate is SGD1=MYR2.60.
 
AHGS14 said:
I have never asked them about the minimum sum. You are right and I have found a few times that the online TT rates were no good, so I usually go through my relationship manager. For me, I usually transfer about SGD50K-100K. When I remit from SG-CIMB to MY-CIMB accounts, there is no additional charge, e.g. SGD50K will translate to MYR130K if the rate is SGD1=MYR2.60.
Click to expand...

Did 2 transfer with better rates by my RM before but rate not as good at XE - 0.01.
And there's charges for admin or something which appears on my cimb ac after a few days.
Think i need work harder on my RM in future for a better deal. :D

Cheers!
 
eric3417 said:
Did 2 transfer with better rates by my RM before but rate not as good at XE - 0.01.
And there's charges for admin or something which appears on my cimb ac after a few days.
Think i need work harder on my RM in future for a better deal. :D

Cheers!
Click to expand...

Yes. Think you need to tekan your RM kuat kuat, especially IF she's the fairer sex :p. Started my transfers in May last year, although not frequently. Tired of asking my RM what's the current rate, I asked if I can use XE rate as a reference so I kachau him less; that's when he said -0.01 as a reference, although not committal.
 
AHGS14 said:
Yes. Think you need to tekan your RM kuat kuat, especially IF she's the fairer sex :p. Started my transfers in May last year, although not frequently. Tired of asking my RM what's the current rate, I asked if I can use XE rate as a reference so I kachau him less; that's when he said -0.01 as a reference, although not committal.
Click to expand...

Can share your RM?
 
Manhattan said:
http://www.thestar.com.my/News/Nation/2014/12/01/Ringgit-to-see-largest-two-day-loss/

Biggest fall since 1997. Not sure if I should be happy or sad.
Click to expand...

I have been monitoring for months wanting to remit when Ringgit hits 2.60, but in vain. When I managed to change at slightly better than 2.60 early in the morning, I was happy but only for a couple of hours. The Ringgit slid further; had I waited a little longer, I would have gotten a few more Ringgits in my account :(
 
If u can catch e peaks n troughs so precisely, u can be a successful forex trader. Looks like RM could weaken further given e potential widening budget deficit caused by low oil prices.
 
FHBH12 said:
If u can catch e peaks n troughs so precisely, u can be a successful forex trader. Looks like RM could weaken further given e potential widening budget deficit caused by low oil prices.
Click to expand...

If I were a forex trader, I may lose my pants as I will be VERY bullish since I am betting with other people's money :D
 
You must log in or register to reply here.

Similar threads

W
Ah Chua let daughter change surname to call SXL also? He must be dreaming to make babies with SXL and imagining his SXL fan wife
Replies
0
Views
251
WangChuk
W
Leongsam
American taxpayers were also funding the Taliban
Replies
8
Views
515
k1976
k1976
W
Serious [Caution] Politics & Lust are different as chalk & cheese...
Replies
2
Views
329
True Believer
T
W
Why pickup Chiobu on the road no bring home piak piak and comfort her leh?
2
Replies
27
Views
2K
Sustanon
Sustanon
earthquake
Edmwer bought a dirty resale bukit batok hdb unit
Replies
13
Views
1K
Balls2U
Balls2U
Back
Top