Malaysian Ringgit rate update

[IncredibleHulk]

Date : 20/1/05
Time : 0200 hours
Rate : SGD100 = RM231.50


Was at Merlin Tower (JB) at 11:45 am the rate was 231.70.

But returned at 1600 hrs the rate was down to 231.20 at Merlin tower, maybe due to long weekend.


Hulk

[kenneth1979]

maybe due to long weekend.
us dollar rebound a little
today as of 1 pm
RM230.4 = S$100 (very low)

[Malaysian Datuk]

FYI in case you guys dun already know, if you bring big notes (S$10K) or changing big amounts (from S$5k)....can ask for better rates behind the counter.

[fish76]

just came back from jb, rate was 230 flat. :confused:

[vic88]

Rate is 230.50 this afternoon.

[SGBEAR]

Todays rate at 830pm is 232.
happy bonking bros

[fish76]

Rate is 230.50 this afternoon.

Read in the papers that the RM and the chinese yuan may be allowed to float soon, even though Badawi say no such thing. RM is about 10% undervalued.

My financial planner actually advised me to change some RM and yuan.

Brudders who frequent M'sia and China shd consider doing the same. These 2 can't really go much lower, at least when they rebound, we still have some of the currencies bought at a better rate.

My 2 cents worth.

[fcukster]

just came back from JB .... the rate was like 3.60 ... sian ... lagi sian was a lot of raids ard ... wanted to chiong disco but in the end only eat supper after chionging pub

[Nokia6600]

CNY just around the corner, thats why have so many raids lately cause the police also celebrate CNY mah looking for ang pau money :p

[fish76]

from Straits Times to my good brudders, if u cheong regularly, can consider changing ur speare cash now, just in case. :D

Jan 24, 2005
Observers bet RM peg will move soon
KUALA LUMPUR - SPECULATORS are betting that Malaysia will bow to growing pressure to review its currency peg to the shrinking US dollar.

Many analysts not only believe they are right but also insist that the government should make a change soon.

Foreign cash has been pouring into Malaysia, hiking its foreign reserves by 19 per cent or US$10.7 billion (S$17.6 billion) in the fourth quarter of last year alone, Barclays Capital wrote in a research paper last Friday.

Comments by econo mists and even the man who imposed the peg - former premier Mahathir Mohamad - that the time is right for change 'are likely to accelerate such speculative inflows', Barclays Capital said.

It forecast a change in the pegged rate of 3.8 to the dollar - in place since 1998 - around the middle of the year, while some economists have urged more immediate action.

Prime Minister Abdullah Ahmad Badawi responded to Tun Dr Mahathir's call last week by saying no change would be made at the moment, but signalled that the government is ready to be flexible. 'If there comes a time when changes are required to be made for the benefit of the people, we would consider making the changes then,' said Datuk Seri Abdullah, who is also Finance Minister.

Adding to the pressure on the government, local think-tank Malaysian Institute of Economic Research said last week that the 'window of opportunity' for change from a position of strength was shrinking.

It has warned that a failure to act soon could lead to a highly disruptive ringgit correction.

Perhaps the most notable push for a review came from Dr Mahathir, who defied International Monetary Fund (IMF) prescriptions to peg the ringgit to the dollar and impose capital controls during the Asian financial crisis.

The IMF later acknowledged that his action had helped Malaysia weather the storm better than many neighbouring countries. But the former premier said the sharp decline in the dollar's value meant it was now costlier for Malaysia to import products from Japan, Europe and elsewhere.

Estimates of the ringgit's fair value by banks and research houses range from 3.3 to 3.6 to the dollar, rather than the currently pegged 3.8.

With many economists believing change is inevitable, attention has focused on what form the change will take, with many seeing a re-peg to the dollar at an appreciated value or a managed float against a basket of currencies as more likely than a free float.

Speculation that China may adjust its own currency peg to the dollar and allow the yuan to rise has lent strength to the belief that Malaysia may follow suit, but Barclays Capital said any action was more likely to be driven by Malaysia's own priorities. \-- AGENCE FRANCE-PRESSE

[greenze]

24/1/05

2100

rm 231.10

[kenneth1979]

25 Jan 12 noon RM231.2 = S$100
25 Jan 6 pm RM230.8 = S$100

[diesel]

After browsing through the forum entirely, I cannot find any post about money changer.

Besides discussing about the rate, can anybody share which money changer has the best exchange rate in Malaysia and Singapore.

I heard the money changer in the Goldsmith shop beside the Bedok KFC offers the best rate. Can anybody verify this? :confused:

[greenze]

25/1/05

2100

rm 231.40

[fcukster]

just came back from JB rate was 231.2 again ... saw this super hot chick at the lut lut stall near Dallas ... makes me so horney now ... lol

[katak]

24/1/2004 (mon) 1500 Arcade, Raffles Place Rm231.00 / S$100

[rocky73sg]

Just reached Singapore this morning from KL today...the rate is RM2.32 = S$1.

Cheers!

[SGBEAR]

Today juz came out from JB rate is RM229=S$100

[maufans]

Today juz came out from JB rate is RM229=S$100
hah? 2.29??? are you sure? I still managed to change mine at 2.305 to 2.31 ... :p

[MachoDevilX]

Rate as at 16:00 hrs at Arcade... SGD$100 = RM$230.50

:cool:

[greenze]

Rate as at 21:00 hrs at Customs... SGD$100 = RM$231.20

[honda_jazz88]

Hi,

Went in yesterday for lunch.... rate was 231.30 at sentosa money exchange shop.....

[greenze]

Rate as at 21:00 hrs at Customs... SGD$100 = RM$231.00

[fcukster]

I love Pelangi ...... today rate is 231.10 ... when i change abt 7 hours ago ...

[Nokia6600]

SGD100 = RM230.60
time : 0830
Date : 31/1/05

[Mercenary19]

Today's rate at holiday plaza around 12 noon S$100 = RM$230.50.

[fcukster]

Just came back from the land of yummy Lut Lut ... exchange rates is 230.10 ... dropping ...

[Mercenary19]

Rate at causeway woodlands at 1 pm. $230 only.

[greenze]

Rate at customs at 2100 pm. $230 only.

[natto3]

Rate at customs at 2100 pm. $230 only.
rate at 16.00hrs in holland v was $229.50. the mama would negotiate. :mad:

[fcukster]

Just reach home from JB .. rate was 230.00 ermmm seems to be getting lesser and lesser ...

[Doggiestyle]

Just reach home from JB .. rate was 230.00 ermmm seems to be getting lesser and lesser ...

CNY coming lor...... money traders also wan to make a quick buck...

[Mercenary19]

Today's rate at causeway woodlands during lunch time drop to $229. Sad man.

[HyperS4]

Today around 1330hrs rate was back to: $230.20

[Laser]

Around 1700 rate was $230.10

[xray]

Today rate as of 11 am. is RM230.

[yaowen12]

Today rate as of 11 am. is RM230.

now is 229.10.. 11 p.m

[IncredibleHulk]

now is 229.10.. 11 p.m

Was at Parkway Parade at around 1pm, the money changer quoted the rate of RM229 for S100 but when i started to move off, she said RM230 if you change more.

Hulk

[DragonDog]

hi everyone,

May I know where is custom. I cant find in JB, Malaysia?

[Malaysian Datuk]

hi everyone,

May I know where is custom. I cant find in JB, Malaysia?HO HO HO, joke of the day. I predict his rep point to keep on falling :D

[Zikoman]

hi everyone,

May I know where is custom. I cant find in JB, Malaysia?

Do you knoe where's BKE or rather Bukit Timah? If yes, take a walk from BKE and you will reach JB.. ;)

Bro Datuk, it's the Joke of the Year !!!!!!!! :p

[fish76]

HO HO HO, joke of the day. I predict his rep point to keep on falling :D

No time or power to zap him, now can only use once a day, rather use it to up worthy people.

So u collected ur passport already? That day, made me wait at Stephanie for 45 mins.........

[greenze]

7/2/05

2200

229.8 :cool:

[DragonDog]

BKE stand for? I thought custom in JB. That time, i went there to find but no avail at all... Really very tiring...

[Malaysian Datuk]

No time or power to zap him, now can only use once a day, rather use it to up worthy people.

So u collected ur passport already? That day, made me wait at Stephanie for 45 mins.........
Sorrie bro.....now I am illegal immigrant, next round in DNP one bucket on me. Happy CNY :)

[JBCheongster]

hi everyone,

May I know where is custom. I cant find in JB, Malaysia?
WTF you talking :(

[lky123]

rate is 228.6
damm low....

[Zikoman]

BKE stand for? I thought custom in JB. That time, i went there to find but no avail at all... Really very tiring...

My dear Bro DragonDog,

BKE is bukit timah expressway, it will lead you all the way to Woodlands Checkpoint, show yr passport to our own immigration, pass and the next place you will reach is malaysian CUSTOM whereby you will need to show your passport again but this time round you;ll need to fill in a malaysian immigration card.. :(

[Dr 18]

BKE stand for? I thought custom in JB. That time, i went there to find but no avail at all... Really very tiring...

BKE stands for Bukit Timah Expressway.
Customs = Singapore Customs on singapore side. Malaysia customs on Johor Bahru. The place where they stamp or check your passport.

[DragonDog]

Hi all,

Sorry to trouble you all. thanks for your guide.

[Mercenary19]

Today's rate at woodlands causeway 9am went below sea level at RM$226.00. Hope it'll go up very soon.

[MachoDevilX]

Today's rate at woodlands causeway 9am went below sea level at RM$226.00. Hope it'll go up very soon.

Eversince the Chinese Lunar New Year, the rate in Jalan Wong Ah Fock is fixed at RM226. I have changed at Arcade yesterday and the rate is RM229... RM3 difference for every SGD$100...
:cool:

[Zikoman]

Yeap, went over last night and at Meldrum Walk, noticed only 3 $ changer open for business. All 3 outlets same = RM226 to S100.00. Reckon the rate will only "move" on monday when all the banks are opened for business... :(

[greenze]

customs

12/02/05

2200

100= 226.5 rm :(

[wiselz]

Good news! The rate of Malaysian dollars has bounced back to RM230. ;)

[MachoDevilX]

16/2/2005 4:30am

Location : Arcade
$SGD100 ->RM$231

[DragonDog]

16/2/2005 4:30am

Location : Arcade
$SGD100 ->RM$231




May I know where is Aracade? I would like to know more about Malaysia location. Thanks

[White Crane]

Good news! The rate of Malaysian dollars has bounced back to RM230. ;)
On contrary, its weakening.

[cyberguy]

Golden Mile Complex : S$100.00 => M$230.60 (as at 5.00pm)

[lifeless99]

S$100 => M$230.20 ( as at 2am )

[kenneth1979]

today at 1330 jb
RM230.0
really miss those days where the exchange rate is 231.5 or more.
surprising today no jam on my way out at 1930. coast was quite clear.

[MachoDevilX]

May I know where is Aracade? I would like to know more about Malaysia location. Thanks

Arcade is not in Malaysia. It's just next to Raffles place MRT station.
The rate today is also fixed at RM231...
:cool:

[JBCheongster]

S$230 today
Read from newspaper that there would be a likelihood that the exchange rate will drop drastically this year 'cos Malaysia might want to peg the ringgit to green bag at a lower rate, probably a 20% drop. If like that suay lah.... :(

[lcwleslie]

...next to Raffles place MRT station.


Bro,

Can u be more specific?

[EatPussyToo]

What "JBCheongster" trying to say is that Malaysia riggit is most likely to drop down this year, i.e. may not be what we are getting now (S$100 - ~RM$230). However, the rates may not drop so fast to the 'pre-97' crisis level.

If you have some spare cash, may want to consider putting some cash in Fix deposit (FD) in Malaysia banks. Like some of my friends are doing now.

[White Crane]

What "JBCheongster" trying to say is that Malaysia riggit is most likely to drop down this year, i.e. may not be what we are getting now (S$100 - ~RM$230). However, the rates may not drop so fast to the 'pre-97' crisis level.

If you have some spare cash, may want to consider putting some cash in Fix deposit (FD) in Malaysia banks. Like some of my friends are doing now.

Hi, what's the pre-97 crisis level? Thank You.

[EatPussyToo]

Can't remember the figures now. But definitely not above the RM$200 mark (for S$100). I remember something like around S$100 for ~RM$150+.

[shadowlunar04]

You guys may want to read this. I have uploaded the ringgit anaylsis done by UOB group. Needs acrobat reader to open this file.

http://s3.youshareit.com/download.php?d3ddb88d1745d6a931433ac6159a2258

[greenze]

21/02/05- 2200

customs

100= rm230.0

[HyperS4]

Today till 1420hrs
S$100= rm230.50

[KGB_LK]

23/2

0020hrs

RM231

[Mercenary19]

23/2 @ 9pm causeway woodlands RM$231.

[greenze]

23/2 @ 2200 causeway woodlands RM$231.10

[Mercenary19]

23/2 @ 9pm causeway woodlands RM$231.
24/2 @ 12 noon causeway woodlands RM$231.

However @ 12.30pm at Sentosa RM$231.50. There's abit of difference here.

[Monkey4]

24/2 @ 12 noon causeway woodlands RM$231.

However @ 12.30pm at Sentosa RM$231.50. There's abit of difference here.


Yesterday, me at Peninsular Plaza in Singapore managed to get RM232.00 around 6pm. For info only.

[Monkey4]

24/1 this afternoon at jb near ta ma hawker centre exchange rate was RM231.50

[greenze]

28/2 @ 10pm causeway woodlands RM$231.50

[kenneth1979]

interbank rate now is RM234.2 = S$100
maybe today noon in jb can change up to RM232.5
hurray more cheonging for bros in jb...

[greenze]

01/3 @ 10pm causeway woodlands RM$231.50

[axeman24]

hi guys,

Today RM is at RM232 at 11:30am

[Nokia6600]

yeah.......SGD 100 = RM 232.00
happy bonking guys!

[et0707]

as of 10pm 2/3/05, still 232.
Looking forward to better rates.

[Monkey4]

as of 10pm 2/3/05, still 232.
Looking forward to better rates.


today, 03/03/05 @ around 8.30pm, one moneychanger at near sentosa in JB quoted RM232.10. Hurray :p

[sdol v2]

today, 03/03/05 @ around 8.30pm, one moneychanger at near sentosa in JB quoted RM232.10. Hurray :p

Just now at JB (11am) rate was RM231.60

[Boston]

Just now at JB (11am) rate was RM231.60

232.2 @ 10pm

[greenze]

2200pm @ 231.00

[Mercenary19]

5/3/05 @ 1.30pm woodlands causeway RM$231.50

[Zikoman]

4/3/05 Meldrum Walk --- S$100 = RM 231.00 :mad:
5/3/05 Meldrum Walk --- S$100.00 = RM231.20 ;)

[_jaDeD_]

7/3/05

232.2 @ 1400

Not bad, not bad

[devil9992002]

7/3/05

232.2 @ 1400

Not bad, not bad

Good for some ; bad for me :(

[fish76]

8/3 1600 hours

@ Woodlands $232.20
@ JB, Jln Wong Ah Fook stretch $232.0

[kenneth1979]

now rate of 232.2 is near its all time high.
bros who cheong malaysia regularly can go ex and keep RM spare as i believe RM will start appreciating against SGD. Do act fast....

[greenze]

9/3/05

233.2 @ 2100

Not bad, not bad

[greenze]

10/3/05

233.0 @ 2100

Not bad, not bad

[proman]

yeah.. not bad.. hope it up more back again.. :)

[nabeh123]

Last nite 13/03/05 Sunday # 10pm
RM233.30

[SongC]

just back from jb.15/3/2005 $232.50 @ jb custom

[White Crane]

just back from jb.15/3/2005 $232.50 @ jb custom
This morning at about 10.30 was RM233.00 at Woodlands.

[MachoDevilX]

The rate is SGD100 = RM233.80 in the evening at Arcade.

[MachoDevilX]

The exchange rate at Arcade today at 16:00 hrs still remains at SGD$100 - RM$233.80
:cool:

[Hakoshu]

Tats high, anyone to go in tonite??

SGD$100 - RM$233.80

[HyperS4]

Today Heavy Traffic at the W.Causeway :mad: It took me 40min to clear the check point :eek:
Tats high, anyone to go in tonite??

[glstunner]

The rate is SGD100 = RM232.50 @ the hoilday Inn plaza yesterday.

[kenneth1979]

this morning at 915am quite heavy flow of traffic from sg into jb.
exchange rate 232.6 @930am
coming out also heavy volume traffic to clear sg customs.
wonder if it is due to the current sch holiday?

[greenze]

19/3/05
2200

100= rm 232.8

[loneyranger]

exchange rate at 100 = rm 233.00 :cool:

[cream44]

Wow, at this exchange rate, all of us should be going to JB to enjoy. The charges for Eden, Lion City should be about 200 ringgit or so. Haha

[sdol v2]

21 Mar 8am: Woodlands 100=RM233, JB 100=RM232.2
21 Mar 230pm: Woodlands 100=RM232.50

[loneyranger]

today jb exchange at 4pm is at 100 = rm 232.40

[IncredibleHulk]

today jb exchange at 4pm is at 100 = rm 232.40


Peoples Park the rate was 100 = RM233.00 at 1 pm.

Parkway Parade rate was 100 = RM233.35 at 7.30 pm.

Rgds
Hulk

[White Crane]

Peoples Park the rate was 100 = RM233.00 at 1 pm.

Parkway Parade rate was 100 = RM233.35 at 7.30 pm.

Rgds
Hulk

Yesterday I changed at Woodlands at 233.00. Today on the way back via JB, just before the Immigration, saw the advertised rate 231.2!

[kenneth1979]

yes the rate appears to be droping cos US fed might increase another round of interest rate hikes.
might touch the 230 barrier this weekend.

[MachoDevilX]

Arcade RM Exchange Rate (23/3/2005 11:15am)

SGD$100.00 - RM$232.00

[Monkey4]

Today at JB the exchange rate dropped to 229.10. :mad:

[MachoDevilX]

At Arcade today
SGD$100 - RM$230.10

[Mercenary19]

So long no one update. Anyway rate on the 1 Apr 8pm at woodlands causeway 228.50 Maybe Apr fool day that's why so low???

[kenneth1979]

So long no one update. Anyway rate on the 1 Apr 8pm at woodlands causeway 228.50 Maybe Apr fool day that's why so low???

no la cos the sing govt allowed the usd to appreciate against us so naturally rm is pricer. yesterday 1pm in jb only changing 228.0-228.3 in evening

[cutesiong]

juz come back frm Chinatown and asking abt 5 money changer and the x-change rate for today is
SGD100 : MYR 227. :confused: :confused:

[fish76]

Just changed $ at Wodlands
Rate: 227.50

No good no good

[MachoDevilX]

At Arcade

SGD$100 = RM$228.30

[Monkey4]

Today, all moneychangers in JB quoting RM 226.70 :mad:

[Monkey4]

Today, all moneychangers in JB quoting RM 226.70 :mad:


Yesterday nite in JB quoted RM 228.40. Think today may be better cos US$ dropped a bit. :)

[thecummingtree]

Just changed from Woodlands Causeway at 12/4 - 2PM. Rate was RM228.10

[greenze]

12/04/05
2200

100= rm 228.50

[greenze]

15/04/05
2200

100= rm 228.30

[Boob-Lover]

Hi there, today just change the currency and it's at,

100 - rm 228.20 :)

[2dv8]

changed @ lot1. $100= rm230.22

[sqmy]

Bro,

At Lot10 in KL?

Btw, are the rates generally better in S'pore or M'sia??
If I'd like to change like S$1000 ... where would be a better place,
should I change it in S'pore or JB or KL?

Thanks bros!

changed @ lot1. $100= rm230.22

[MachoDevilX]

Bro,

At Lot10 in KL?

Btw, are the rates generally better in S'pore or M'sia??
If I'd like to change like S$1000 ... where would be a better place,
should I change it in S'pore or JB or KL?

Thanks bros!

I think he mean Lot 1 in Chua Chu Kang..

:cool:

[nabeh123]

I think he mean Lot 1 in Chua Chu Kang..


Lot 10 KL rate i also had :D
16/04 Sat SGD100 = MYR229.30 :p

[greenze]

JB custom lousy

17/04/05
2100

100 = rm 228.30 :rolleyes:

[Monkey4]

Bro,

At Lot10 in KL?

Btw, are the rates generally better in S'pore or M'sia??
If I'd like to change like S$1000 ... where would be a better place,
should I change it in S'pore or JB or KL?

Thanks bros!


It is safer to change in Singapore cos in JB when u are counting your RM2000+, pple could be eyeing u. Think u can get reasonably good rates at woodlands near Singapore custom.

[sqmy]

To All,

Thanks for the advice, am going to KL sometime this week.
So hv not decided where to change yet.
Perhaps best to change in S'pore ... is Arcade the best place
for rates or is Woodlands better?

Cheers!

It is safer to change in Singapore cos in JB when u are counting your RM2000+, pple could be eyeing u. Think u can get reasonably good rates at woodlands near Singapore custom.

[SmallD]

Personal opinion..... woodland will be better... please dun go and change in KL... you gonna lost a lot

[sqmy]

Bro,
Thanks very much, will take up ur advice.


Personal opinion..... woodland will be better... please dun go and change in KL... you gonna lost a lot

[greenze]

JB custom lousy

19/04/05
2100

100 = rm 228.40

[DeViLzAgEnT]

Juz had some $ exchange in JB on 19/04/05 ...

The rate I got was SGD$1 - RM228.40 during noon time ... But think the rate somehow goes up higher at nite as I noted the trend over 2 days ... Saw one giving an advertised rate of SGD$1 - RM228.80 later in the nite ... But I reckon the exchange rate will be hovering around this mark at the moment ... Might be some time b4 we see the rate of SGD$1 - RM233 again ... :)

[subwart]

Going genting tomorrow so i change $$$ at the money changer located at clementi central mac......$100sgd for $229.50rm

The rates very close to jb so i changed quite abit, now is a good time to change n cheong ahhh!!! :D

[greenze]

JB custom :eek:

22/04/05
2100

100 = rm 229.00

[greenze]

JB custom

23/04/05
2100

100 = rm 228.80

[craz]

Money Changer in Jurong West

23/04/05


100 = rm 229

[pegasustan]

Hi bros,
I normally change substantial amount of sgd into rms in JB near the shell petrol station opposite the police station.
This guy always give me slightly higher than posted rates. And i have always compared rates, seems the JB side will usually give better rates due to high volume of exchanges.

Hope this helps.

[loneyranger]

currently in JB...

Xchange rate at S$100 = RM288.80

[Mercenary19]

currently in JB...

Xchange rate at S$100 = RM288.80
It was the same rate as yesterday over at woodlands causeway. RM$288.80

[xp30]

It was the same rate as yesterday over at woodlands causeway. RM$288.80
DID YOU GUYS! GET THE RITE RATE?????????????

[SongC]

yishun 230

[proatreyu]

Was 229 inside jb on 26th april tuesday afternoon at 4pm

[SanPiPa]

Thurs 26/04/2005
RM229 at Holiday Plaza,
RM228.50 at Pelangi Leisure Mall (Giant)

[Ah Dez]

Damm it... down again..

[skyrocket88]

This afternoon 230 at Sim Lim Square. The shop facing Rocher Rd.

[greenze]

JB custom lousy

27/04/05
2100

100 = rm 229

[Mercenary19]

JB custom lousy

27/04/05
2100

100 = rm 229
Well rate at holiday plaza @ 1400 and at woodlands causeway @1700 was the same. RM$229

[Eifel7]

Rate as of 29/5

$100 - RM229.20

[pegasustan]

A few reasons why rates drop even when the USD is weak....1stly END OF MONTH -means many ppl including msians working in Spore getting salary and 2ndly, its a long bloody holiday, means demand for Ringgit more than supply.....money changer will take advantage of this.

[swing123]

Yesterday, rate was RM 229.50 in JB everywhere - dont know whether RM will ever hit 233.50 again :confused:

hi, i notice not any mentioned the ex rate offered by changers at raffles place...this afternoon i saw the rate, best rate RM231 at Arcade...

is that meant sometimes, better to change RM during weekday in s'pore before crossing over, knowing that ost changers will lower the rate during weekend??

[SanPiPa]

Yesterday (5th MAY) 730pm at holiday plaza
rate is 230.00

Short while later i went to Giant (Pelangi Leisure Mall) around 830pm
rate is 229.00

[swing123]

Yesterday (5th MAY) 730pm at holiday plaza
rate is 230.00

Short while later i went to Giant (Pelangi Leisure Mall) around 830pm
rate is 229.00

as i mentioned yesterday, rate at Raffles Place's Arcade plaza was rm230.5 to rm231...in that case, i better change at S'pore during weekday before cross over to JB....it seems JB rate is lower compare to s'pore...

[SanPiPa]

never know that exchange rate can be better in singapore.

but i dun work in CBD area, so i guess the diff of RM1 is not really going to bother me that much.

hmmm... its worth a thought for those changing large sum of $$$ though.

[HyperS4]

today's rate 230.50 at 1345hrs

[greenze]

today's rate 229.50 at 2200hrs

[IncredibleHulk]

Went to Peoples Park Centre seems like the rate offer by quite a number of money changers for last few days is always SGD100 for RM230.


Hulk :rolleyes:

[fantasy131]

just now 11-05-2005 19:30 RM229.5

[Mercenary19]

11 May 2000 hrs at woodlands causeway $229.70

[ensign2000]

Actually you can get 230 at causeway.....

[greenze]

today's rate 229.50 at 2200hrs

[fcuksam]

Just came back from JB. Rates at S$100 = RM228.30.

Correct as at 14 May 2005 (10:30 am)

[itrr]

RM 228.00 as from 2200hrs over the causeway

[Malaysian Datuk]

Newspapers says Malaysia will consider revaluing the ringgit if China does so...

[greenze]

16/5/05
2100
custom lousy than sg

100= rm 228.10

[fcuksam]

If u have spare cash, good time change them to RM & open a Fixed Deposit in Malaysia.

[howcome]

S$100=rm228.20

[MachoDevilX]

Latest Rate at Arcade

SGD$100 to RM$229.70

[Monkey4]

If u have spare cash, good time change them to RM & open a Fixed Deposit in Malaysia.


bro, i had been thinking of doing this but heard that to open a FD in Malaysia, one would require an local malaysian introducer. True?

[fcuksam]

Bro simonsim
I understand that you don't need another person to open or "introduce" you to open an FD account in Malaysia. Just bought my s'porean friend to open their FD (in Maybank & Hong Leong) in late April 05.
The only thing you need to note that for any s'porean or individual foreigner, you cannot deposit more than RM10,000 per day in the same bank.
Note my "per day" & "same bank". However, you can go to different bank & deposit there. Or unless you travel to Malaysia every day, then you might want to deposit in the same bank.
Hope this help.

[fcuksam]

Bro simonsim

Sorry forget to add. Unless you want to deposit more than RM10,000, then you need another person (Malaysian) to joint-account with you.

[gigantic_tk]

My Singaporean friend told me that he once want to open an saving account at May Bank at City Square. The counter girl told him, saving account is only for the local (Bumis) and Malaysian citizens. She rejected his application.

How about other banks. Is there any ways to open a saving account for non-Malaysian in Malaysia Banks.

Is an good savings cum investment. Every times when the rate are high, I can simply exchange some Malaysian currency and deposit it into the bank there............................................. .................rather than exchange and deposit into HCs expenditure.................................hehehe .

[Monkey4]

Bro simonsim

Sorry forget to add. Unless you want to deposit more than RM10,000, then you need another person (Malaysian) to joint-account with you.


Bro fcuksam.

Thanks for your info. Will up u once i regain my power after 24 hrs. One clarification though - if i want to deposit say RM 50,000 - that means I must joint account with another Malaysian or must I place RM 10,000 on Monday then another RM10,000 on tuesday until Fri or I have to spread to five local Malaysian banks with $10,000 FD each. Please advise. Thanks again. :confused:

[Monkey4]

For info, today 20th May 2005 - all money changers at JB quoting RM 228.

[fcuksam]

Bro simonsim
Yes, you are right.

If you are not going to have a joint-account with another Malaysian, with the same bank (e.g. MayBank), Monday to Friday (RM 10,000 each day). Make sure you trust that Malaysian friend of yours, as he can also withdraw your money, if he happens to get hold of your deposit voucher (or slip).

Else on the same day, you can go to 5 different banks to deposit RM10,000 each.

[engine]

Marine Parade Money changer opposite HSBC

changed at 229.50

Usually the rates over the weekend at J.B side will be weak..so advisable to change in SG

[fcuksam]

Bro gigantic_tk
Maybank's counter girl explaination puzzles me at times too. My wife (malaysian) & I wanted to open a joint-account (savings), and were told that we have to come back another day (i.e. must make an appointment in advance). Anyway no problem, as we goes in quite often. The following week, when we went in & ask another staff, he (this time is a he), told us - no need, can open on the spot.

Anyway, back to your query, I have yet to open or ask about savings account (for individual s'porean). My reply to Bro simonsim, is opening a FD, which I brought my 2 S'porean friends & open it - on the spot. Except 1 of my friend, a bit more $$$, have to go over to Hong Leong (across the road-back to Ocean) and open another FD (note Hong Leong FD is a combination of FD & Investment type), ask clearly before putting your $$$ there.

Hope this help.

[greenze]

which bank has the highest FD interest rate now? :D

[fcuksam]

No idea which bank has the highest FD or savings rate. Guess you can go over to the 4 banks (I think there's 4 banks near to each other across the causeway).

[greenze]

wat the rate for 4 banks? 3.7% Public bank and HSBC bank anyone know the rate? :confused:

[cheong jb]

Bro gigantic_tk
Maybank's counter girl explaination puzzles me at times too. My wife (malaysian) & I wanted to open a joint-account (savings), and were told that we have to come back another day (i.e. must make an appointment in advance). Anyway no problem, as we goes in quite often. The following week, when we went in & ask another staff, he (this time is a he), told us - no need, can open on the spot.

Anyway, back to your query, I have yet to open or ask about savings account (for individual s'porean). My reply to Bro simonsim, is opening a FD, which I brought my 2 S'porean friends & open it - on the spot. Except 1 of my friend, a bit more $$$, have to go over to Hong Leong (across the road-back to Ocean) and open another FD (note Hong Leong FD is a combination of FD & Investment type), ask clearly before putting your $$$ there.

Hope this help.

sporean are not allowed to open saving a/c unless of employment that means got work permit, most bank will ask u to open current a/c cos of some funny rule abt giving interest to foreign a/c holder , a lot of paper work for bank staff. if really need to open a/c try those foreign base bank like citibank stanchart or hongkongshanghai it will be easier due to their foreign bank status

[Zikoman]

20/05/2005 @ Meldrum Walk $100.00 = $228.00 :o

[gigantic_tk]

sporean are not allowed to open saving a/c unless of employment that means got work permit, most bank will ask u to open current a/c cos of some funny rule abt giving interest to foreign a/c holder , a lot of paper work for bank staff. if really need to open a/c try those foreign base bank like citibank stanchart or hongkongshanghai it will be easier due to their foreign bank status

Another reasons, could it because the bank only correspond with account holders locally. For non residents from other countries the banks need to incur additional postage and other documentation difficullties +++++ ?

Is there any of these foreign bank ( Citi, Stanchar & HKSH bank) in JB town?

[JBCheongster]

Another reasons, could it because the bank only correspond with account holders locally. For non residents from other countries the banks need to incur additional postage and other documentation difficullties +++++ ?

Is there any of these foreign bank ( Citi, Stanchar & HKSH bank) in JB town?
There is Citibank and Stanchart in JB. Another alternatives would be to open a Maybank account in Singapore. The ATM card can be used both here and in Malaysia, however, if use in Malaysia, Maybank will charge S$2 for every transaction. Of course the exchange rate if withdraw from the ATM in Malaysia will be lower according to prevailing bank rates.:D

[gigantic_tk]

There is Citibank and Stanchart in JB. Another alternatives would be to open a Maybank account in Singapore. The ATM card can be used both here and in Malaysia, however, if use in Malaysia, Maybank will charge S$2 for every transaction. Of course the exchange rate if withdraw from the ATM in Malaysia will be lower according to prevailing bank rates.:D

I have both DBS and POSB ATM cards, both can also make transaction at JB ATM machines. Charges is also S$2 per transaction. My intention is to open an account to deposit ringgit when the exchange rate are good. The bank interest rate there, I believe, is also higher than in Singapore.

[greenze]

21/05/05 2100
custom
100= rm 227.50 :cool:

[SilviaS13]

just saw at customs, 100= 228.0

[cheong jb]

Another reasons, could it because the bank only correspond with account holders locally. For non residents from other countries the banks need to incur additional postage and other documentation difficullties +++++ ?

Is there any of these foreign bank ( Citi, Stanchar & HKSH bank) in JB town?


not too sure bout the additional cost but these foreign bank are in town area

citibank - city plaza
stanchard - opposite Pelangi Plaza at the cross junction traffis light can see liow
HKSB - at town area near beside the post office only

notice more carefully when u cumming in from sg and heading towards sentosa/pelangi area

[Mercenary19]

Holiday plaza @12 noon RM$228.20

[greenze]

custom @2100 RM$228.20

[greenze]

custom @2100 RM$228.10

[seacher]

malaysia custom 228.2
but got 228.4 from the ger think me too hamsome liao keekee

[fcuksam]

Updated as at 10:30 am (28 May 2005)

S$100 = RM228

[fcuksam]

Sorry 4get to add the location.

10:30am (28 May 2005) at City Square:
S$100 = RM228

[loneyranger]

current xchange rate at 1800hrs at jb is
S$100=RM227.50

[dargonfly75]

current xchange rate at 1800hrs at jb is
S$100=RM227.50

228.3 @ 10pm last nite at JB.

[kenneth1979]

the rates seems to be plumetting
I changed this afternoon @ jb RM225.5 = S$100
some more now school holidays. demand of ringit will be high so those money changers will be reluctant to up the rate even though ibr inch up a little.
sheer monopoly

[Mercenary19]

Rate at woodlands causeway ard 10.30 went up from 225.50 to 226.20. However at beach road, its was at 226.50.

[Harricane_SG]

Rm225.5 near woodland check point at JB. yesterday 6pm rated.

[thecummingtree]

Rate at JB Jalan Wong Ah Fook area was RM226.30 at 2pm.

[Monkey4]

yesterday was at jb and notice all rates were at RM 226.20 at around 1.00pm. When back in Singapore at United Square, the rates were at RM 226.50. Hmmm .. I concluded that maybe for the school holidays where demand for ringgit is high, moneychangers in JB are reluctant to give competitive rates as compared to satelites' town in Singapore.

[dargonfly75]

4th June Quote

Quote at 2pm - Money Changer next to Sg pool near Marsiling MRT - 226.5

Quote at 3.30pm - Merlin Tower - 226.1

[loversex346]

6 June. woodlands centre, 11,00am, 226.5

[jas1800]

Wow..lau ai ....Ringgit keep going down ......now 226 liao :mad:

[Mercenary19]

Rate at causeway @1030 was RM$226.50. However at JB @ 1130 was RM$226.30

[Harricane_SG]

Yesterday at JB near custom rated is rm226.70. I think rate will up further.

[howcome]

I manage to get 227.8 at holiday plaza today

[Harricane_SG]

Yesterday 6pm Near JB custom only rm227.00. Hey bro. where did u go at holiday plaza ?? so far i only know holiday plaza got 4 money changer, 2 near macdonald, another 2 near pizza hut. please advice. :eek:

[Harricane_SG]

Tis morning rm226.8 at near JB custom

[Mercenary19]

Rate at beach road during lunch time was RM$228. I changed S$300. Seems like rate down town is better than JB and woodlands causeway.

[Mercenary19]

Rate at beach road (10/6) during lunch time was RM$227.50. What's the rate at JB???

[imate]

Was quoted RM2.28 for S$1 as of 1800 @ lucky plaza. At the mac downstairs turn left 1st money changer. Tat's the best i've heard so far.

[Mercenary19]

Rate at woodlands causeway @1500 hrs RM$226. Sian liao can't go JB for shopping. Anyway, now school holiday custom jammed like mad. Better to go when school holiday is over.

[kenneth1979]

cos RM peg with USD. now USD rising against SGD so results in lower RM we get in exchange for SGD. This trend seems set to continue. Now a bonk in jb cost abt SGD2-5 more compared with end april.
Now school holiday jam very bad as jam begin at ard noon cos malaysia cars allowed to come in free to sg. Better wait till school re-open in another 12 days then venture into malaysia when there is a smoother flow of traffic. need not waste time cos of jam.

[jas1800]

14-06-2005 100 SGD = RM 225.50 at Johor custom :eek:

[MachoDevilX]

At Arcade

SGD$100=RM$227.20

[greenze]

15-06-2005 100 SGD = RM 225.50 at Johor custom

[Harricane_SG]

yesterday,rm226.10 near jb custom.

[Monday_Blue]

Woodlands Causeway

SGD 100 = RM 226.20

[imate]

Today at jb customs RM226.00

[IncredibleHulk]

Today rate at JB near custom and Holiday Plaza stay unchanged at S$100 to RM226.00.


Regards
Hulk

[2dv8]

don't know if this wil helps, but imle, i find the followng three places offer the best xchange rate;

lot 1 @cck, arcade and to my surprise, the changers at golden mile.... :eek:

[greenze]

Today (20/6) @1500 @arcade RM227.00

[IncredibleHulk]

on 21/06/05 the rate is only RM225.60 for S$100 at 10pm across JB.

Regards
Hulk

[DarkVader]

Sometimes I change in Bugis or Chinatown and the rate is better than JB. Seems like they know now is holiday season and they adjust the rate lower so that they can earn more.

[Mercenary19]

Rate on 22/6 evening causeway woodlands was RM$226.20

[kenneth1979]

rate at holiday plaza @ 2pm is RM226.0

[greenze]

rate at orchard @ 8pm is RM226.0

[sdol v2]

JB@9am
225

[Harricane_SG]

today 9am at JB causeway, rm225.00.
today will be lower because end of month some more weekend coming.
:(

[lky123]

like that means i should be cutting down on my trips to jb cos exchange rate not so favorable to me. really miss times in end mar where it hit rm233=S$100

[kenneth1979]

this morning in jb @930am exchange rate is RM224.0=S$100

[CPTMiller]

Thanks for the info.
:cool:

this morning in jb @930am exchange rate is RM224.0=S$100

[jas1800]

the best in mar is RM 237.00 what a waste lousy SGD cannot push the RM up.... :cool:

[MMM88]

this morning in jb @930am exchange rate is RM224.0=S$100


Bro kenneth.....the US$ is going to strengthen further against Sin $...hold on tight ..the Feds is going to raise interest rate further....it looks like it is gonna to cost more to bonk in Msia....hzzzzzz :(
I reckon rm will strengthen to rm220=S$100....just my 0.000000001 cent worth......

[Monkey4]

Bro kenneth.....the US$ is going to strengthen further against Sin $...hold on tight ..the Feds is going to raise interest rate further....it looks like it is gonna to cost more to bonk in Msia....hzzzzzz :(
I reckon rm will strengthen to rm220=S$100....just my 0.000000001 cent worth......


yesterday on 1st July 05, the exchange rate was RM 224.30.... and agreed that it will cost more to bonk in Malaysia in view of the appreciating US$ and the imminent revaluation of renmenbi and ringgit.... if possible, hoard ringgit as much as possible if it ever hit 230 again :mad:

[MMM88]

yesterday on 1st July 05, the exchange rate was RM 224.30.... and agreed that it will cost more to bonk in Malaysia in view of the appreciating US$ and the imminent revaluation of renmenbi and ringgit.... if possible, hoard ringgit as much as possible if it ever hit 230 again :mad:

Bro.....u might as well hoard rm now or if it goes bk up to 226-227...btw...i know of few frenz oredi kept rm in Msia bank @ 230 ....n with higher interest rate (Msia bank compared to sillypore bank)....he is laughing now....i wish i hav done it .....hzzzzzzzzzzz :(

[MMM88]

yesterday...us$1=S$1.684..today..i saw Bloomberg Us$1=S$1.693...bad news for RM to S$....hzzzzz :(

[lion_mansg]

yesterday...us$1=S$1.684..today..i saw Bloomberg Us$1=S$1.693...bad news for RM to S$....hzzzzz :(

It's a already a damn bad news when the revaluation of the RMB & Ringgit...Nw somemore US$ join in the fun 2 make the situation worse...Next time go cheong aso damn sianz & jialat liao...

[imate]

Yesterday went 3 locations to ask abt rate. @ Bishan J8 was 223.70, @ Woodlands Causeway Point was 222.00. Across customs was 223.00. Looks like bishan rates not too bad...can try...Anyone else know any places wif higher exchange rates? y not list it down to benefit all the bros here.

[MMM88]

Yesterday went 3 locations to ask abt rate. @ Bishan J8 was 223.70, @ Woodlands Causeway Point was 222.00. Across customs was 223.00. Looks like bishan rates not too bad...can try...Anyone else know any places wif higher exchange rates? y not list it down to benefit all the bros here.

Bros....time is hard to get money for value for bonk....hzzzz..i reckon RM will be beri soon strengthen to RM220 or below....
look south ....like batam lor...can still get S$1 to RP5570 leh.... :(

[proatreyu]

223 at 2pm at jb customs

[Monkey4]

die liao. today exchange rate only RM222.50. : :eek:

[DarkVader]

I heard from my friend that change $ in Sg better (area like Bugis and Chinatown).

[wins1973]

What happen to our SGD ??? How come so weak against RM :mad:

[MMM88]

What happen to our SGD ??? How come so weak against RM :mad:

Bro wins1973....the reason is US$ is stronger than S$ now...it is now US$1 to S$1.702.....RM is pegged to the US$ at US$1 to RM3.80.......
US economy is better now than 2 years ago, and beside US$ interest rate is expected to raise again....... :(