Chinese RMB rates..

[arpeggi]

Today should be a good time to change RMB.

Checked the international exchange rate and its higher than 5.1568.

Too bad me change last weekend liao..

http://www.exchange-rates.org/history/CNY/SGD/G/30

[Calvin]

Thanks Bro

I haven't change yet

[arpeggi]

Originally Posted by Calvin

Thanks Bro

I haven't change yet

Hope you changed yesterday, cause today's rate is back to the normal rates for the past few days..

[coolmanks]

Bros if you are referring to the fx rate in your previous link; Think the rate is one day late. Meaning the latest rate you see on the chart are actually yesterday rate not today.

Today rate should be better than yesterday as the USD is weaker against the SGD today. Current rate is above 5.10 again.
But last friday was the best. I am referring to the interbank rates and money changer and TT@PP does moves with the market but not always exactly inline.

And the 5.1744 rate on the chart is probably a wrong update; do not think market actually went that high.

Originally Posted by arpeggi

Hope you changed yesterday, cause today's rate is back to the normal rates for the past few days..

Originally Posted by arpeggi

Today should be a good time to change RMB.

Checked the international exchange rate and its higher than 5.1568.

Too bad me change last weekend liao..

http://www.exchange-rates.org/history/CNY/SGD/G/30

[arpeggi]

Originally Posted by coolmanks

Bros if you are referring to the fx rate in your previous link; Think the rate is one day late. Meaning the latest rate you see on the chart are actually yesterday rate not today.

Today rate should be better than yesterday as the USD is weaker against the SGD today. Current rate is above 5.10 again.
But last friday was the best. I am referring to the interbank rates and money changer and TT@PP does moves with the market but not always exactly inline.

And the 5.1744 rate on the chart is probably a wrong update; do not think market actually went that high.

Look's like your right. Thanks for the enlightenment!

[coolmanks]

I myself is enlightened by the resident FX guru 外汇达人 XKING.

Cu next month-

Originally Posted by arpeggi

Look's like your right. Thanks for the enlightenment!

[coolmanks]

Wow - USD below 1.30; now trading around 1.2920- RMB rate will be very good today.


.................................................. .................................................. ...................................
'the policy band will also be widened slightly' - actually mean SGd will be allowed to appreciated slightly more and

'it will increase the slope of its policy band slightly.'- mean faster appreciation lah.




Singdollar to continue modest & gradual appreciation
By Mok Fei Fei | Posted: 14 October 2010 0821 hrs


Photos 1 of 1




Singapore's central bank will keep its monetary policy of a modest and gradual appreciation of the local currency.

In its twice-yearly policy statement, the Monetary Authority of Singapore said it will increase the slope of its policy band slightly.

However here will be no change to the level at which the band is centred.

MAS says the policy band will also be widened slightly in view of the volatility across international financial markets.

It says this policy stance will remain supportive of economic growth while seeking to cap inflation.

"The Singapore economy will continue to expand, although at a slower and
more sustainable pace after recovering robustly from the downturn" the MAS noted in its report.

At the same time, the MAS cautioned that domestic cost pressures are rising, with the balance of risks weighted towards inflation going forward.

"Even as base effects dissipate, the build-up in sequential price increases will
cause the headline CPI inflation rate to rise to around 4% by the end of 2010 and stay high in the first half of 2011 before moderating" said the MAS report.

To ensure medium-term price stability, MAS is targeting to cap CPI inflation at 2-3 percent in 2011, down from 2.5-3 percent this year.

In April this year, MAS re-centred the exchange rate policy band at the
prevailing level of the S$NEER, and shifted the policy band from that of a zero
percent appreciation path to one of modest and gradual appreciation.

Since then, the S$NEER has fluctuated in the upper half of the policy band.

[SGguy33]

Last Trade: 5.1587
Trade Time: 09:54 SGT
Change: 0.0419 (0.8189%)
Bid: 5.1542
Ask: 5.1632
Prev Close: 5.1168
Open: 5.1641
Day's Range: 5.1545 - 5.1665


yup! today's the day to change $$$

[adidas88]

the exchange rate at money changers have no significant movement ...

PPC = 5.01
RP = 5.015

[letdo]

Originally Posted by adidas88

the exchange rate at money changers have no significant movement ...

PPC = 5.01
RP = 5.015

maybe they lag some time, hope tml rate will be better

Anyway plan to change some tml at the above rate, already best seen in years time

[Massage Freak]

hi,

So sorry but may I know where is RP?

Anyway bishan rate yesterday is only 5.001.

[adidas88]

Originally Posted by Massage Freak

hi,
So sorry but may I know where is RP?
Anyway bishan rate yesterday is only 5.001.

RP = Raffles Place ... Change Alley ...
there r many money changers there ..
go to the second floor ...
u shld see 2 long queues from 2 different money changers ...
they offer the best rate ...

Originally Posted by letdo

Anyway plan to change some tml at the above rate, already best seen in years time

totally agreed ... anything above 5.0 is a good rate ...
enjoy it while it last ...

[jc_wtc]

Time: 12pm Rmb rate is 5.01 at ppc

[Kancil6011]

Sian, i am at west. Any bro knows rate at boon lay or super bowl ?

[genius]

Today RP Rate at 1.00pm ;

1: 5.02 RMB
1.30 : 1 USD