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 Best way to send money from singapore to malaysia

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ascend
post Jan 9 2012, 12:06 PM

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DBS charges around sgd20 for TT, which is reasonable.
But the problem is DBS cannot remit in MYR. It can only remit USD or SDG to Malaysia.

So on the malaysian end, the banks here will convert, at the current rate of about 2.40x, versus the cash conversion rate of around 2.43. This difference is big if you want to remit a large sum.

Question is, will money changers here in Malaysia take inward remittance from Singapore and convert the SGD to MYR at a better rate? cause banks here in MY certainly don't give good rates.

This post has been edited by ascend: Jan 9 2012, 12:07 PM

 

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