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> Currency exchange (Travel)

kando
post Feb 22 2006, 02:56 PM


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I'm going to Hk & Taiwan next month. I'd like to know how you guys normally practiced on currency exchanging.

Do you guys:

1) Exchange a reasonable amount of HKD & NT and bring some USD just in case?
or
2) Exchange all to USD and change your money in the foreign country?
or
3) Bring less cash and use credit card most of the time for shopping?

4)What's the conversion rate for using credit card in foreign country?

5)Any good money changer in KL to recommend?

-post edited-


http://finance.yahoo.com/currency/convert?...&submit=Convert

BEST RATE

www.bestrate.com.my
Main Outlet Add: LG 153, Sungei Wang
Jalan Sultan Ismail, 50250 Kuala Lumpur.
Tel: 603-2142 6000, 603-2141 0600
Fax: 603-2141 0700
Email: bestrate@po.jaring.my

Branch Outlet: Add: G27 Jusco
Taman Maluri, 55100 Cheras, Kuala Lumpur.
Tel: 603-9282 7000, 603-9282 8000
Fax: 603-9282 6000

Associate Outlet: Add: LG-013 Mid Valley Megamall
Lingkaran Syed Putra, 58000 Kuala Lumpur.
Tel: 603-2287 2000, 603-2287 2122
Fax: 603-2287 7122

Add: LG-142 Sungei Wang
Jalan Sultan Ismail, 50250 Kuala Lumpur
Tel: 603-2142 5000, 603-2142 5500
Fax: 603-2143 5500

Best reference rate from Wawasan Sentosa (Mid Valley B1 Ctr Court)- Now replaced with My Money Master:
http://www.moneymaster.com.my/

Bank Negara exchange rate for comparing purposes:
http://www.bnm.gov.my/statistics/exchangerates.php

Others:
http://www.mymoneyshop.com.my/

This post has been edited by stimix: Jun 17 2012, 09:28 PM
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ParaOpticaL
post Feb 22 2006, 03:24 PM


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QUOTE(kando @ Feb 22 2006, 02:56 PM)
I'm going to Hk & Taiwan next month.  I'd like to know how you guys normally practiced on currency exchanging.

Do you guys:

1) Exchange a reasonable amount of HKD & NT and bring some USD just in case?
or

a) Yes a reasonable amount of HKD + NT cause RM is not a popular currency there. if you have USD bring abit enough....

2) Exchange all to USD and change your money in the foreign country?
or
As above

3) Bring less cash and use credit card most of the time for shopping?

Not advisable because bit messy when you come back and check your credit card bill

4)What's the conversion rate for using credit card in foreign country?

The rate is as per our local issuing bank.

5)Any good money changer in KL to recommend?

Cheras :
Jaya Jusco Maluri - Best Rate
Leisure Mall - Near to Kenny Rogers

of you can even change @ KLIA


*
hope this helps because i went to Taiwan and Hong Kong within a space of 2 wks
and will be going over to Hong Kong again... smile.gif

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juichuan
post Feb 22 2006, 03:36 PM


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i was at Galileo training when the trainer shared with us her version of the story.

she did not bring any US dollar and found out that hong kong dun accept MYR.. so.. bring USD. smile.gif

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ParaOpticaL
post Feb 22 2006, 04:06 PM


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QUOTE(juichuan @ Feb 22 2006, 03:36 PM)
i was at Galileo training when the trainer shared with us her version of the story.

she did not bring any US dollar and found out that hong kong dun accept MYR.. so.. bring USD. smile.gif
*
people in hong kong heard about malaysia but our currency is not popular thus unaccepted.

the rate is HKD 100.00 to RM 48.00
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xue
post Feb 22 2006, 08:17 PM


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QUOTE(ParaOpticaL @ Feb 22 2006, 04:06 PM)
people in hong kong heard about malaysia but our currency is not popular thus unaccepted.

the rate is HKD 100.00 to RM 48.00
*
Ringgit is still not tradable overseas, thanks to our ex-PM and his brilliant economic team. Surprisingly I found that in Dubai they do exchange MYR, of course you can use it in Southern Thai as well.

I always changed at KLIA, no point going around and shop for money changer, sometimes they dont have small notes, or not enought notes etc.

Always bring spare USD or Euro.

Credit cards is ok, you can earn some points biggrin.gif
but check with local issuing bank for the rate
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providence
post Feb 23 2006, 07:03 AM


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Try this site here if you're not sure about the exchange rate
http://finance.yahoo.com/currency/convert?...&submit=Convert
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juichuan
post Feb 23 2006, 10:46 AM


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QUOTE(ParaOpticaL @ Feb 22 2006, 04:06 PM)
people in hong kong heard about malaysia but our currency is not popular thus unaccepted.

the rate is HKD 100.00 to RM 48.00
*
is that the normal rate or is it super expensive to exchange ringgit in hongkong?
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kando
post Feb 23 2006, 11:36 AM


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QUOTE(xue @ Feb 22 2006, 08:17 PM)
Ringgit is still not tradable overseas, thanks to our ex-PM and his brilliant economic team. Surprisingly I found that in Dubai they do exchange MYR, of course you can use it in Southern Thai as well.

I always changed at KLIA, no point going around and shop for money changer, sometimes they dont have small notes, or not enought notes etc.

Always bring spare USD or Euro.

Credit cards is ok, you can earn some points biggrin.gif
but check with local issuing bank for the rate
*
but i heard changing in KLIA the interest is very high.
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stormchaser
post Feb 23 2006, 11:50 AM


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yes.. it's a lot high, when u change thousands.. and no discount too..

go to "best rate" to change.. it's the best money changer.. ask for discount when u change a lot..

if u change MYR to USD , then USD to HKD.. then u have gone through 2 money changer, then u lose your money interest even more.. change your HKD here in malaysia, then should be enough.. dun have to bring USD.. if emergency, use credit card..
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ParaOpticaL
post Feb 23 2006, 02:52 PM


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QUOTE(juichuan @ Feb 23 2006, 10:46 AM)
is that the normal rate or is it super expensive to exchange ringgit in hongkong?
*
standard rate ler...

HKD 100 to RM 48.00

about half

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kando
post Feb 23 2006, 05:44 PM


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QUOTE(stormchaser @ Feb 23 2006, 11:50 AM)
yes.. it's a lot high, when u change thousands.. and no discount too..

go to "best rate" to change.. it's the best money changer.. ask for discount when u change a lot..

if u change MYR to USD , then USD to HKD.. then u have gone through 2 money changer, then u lose your money interest even more.. change your HKD here in malaysia, then should be enough.. dun have to bring USD.. if emergency, use credit card..
*
any 'best rate' branches in PJ?
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stormchaser
post Feb 23 2006, 05:54 PM


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try www.bestrate.com.my
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ParaOpticaL
post Feb 24 2006, 10:31 AM


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QUOTE(kando @ Feb 23 2006, 05:44 PM)
any 'best rate' branches in PJ?
*
Sorry but NO branches in PJ
nearest is MidValley

Our outlets are located at:

Main Outlet Add: LG 153, Sungei Wang
Jalan Sultan Ismail, 50250 Kuala Lumpur.
Tel: 603-2142 6000, 603-2141 0600
Fax: 603-2141 0700
Email: bestrate@po.jaring.my

Branch Outlet: Add: G27 Jusco
Taman Maluri, 55100 Cheras, Kuala Lumpur.
Tel: 603-9282 7000, 603-9282 8000
Fax: 603-9282 6000

Associate Outlet: Add: LG-013 Mid Valley Megamall
Lingkaran Syed Putra, 58000 Kuala Lumpur.
Tel: 603-2287 2000, 603-2287 2122
Fax: 603-2287 7122

Add: LG-142 Sungei Wang
Jalan Sultan Ismail, 50250 Kuala Lumpur
Tel: 603-2142 5000, 603-2142 5500
Fax: 603-2143 5500
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cks2k2
post Feb 24 2006, 10:37 AM


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QUOTE(xue @ Feb 22 2006, 08:17 PM)
Ringgit is still not tradable overseas, thanks to our ex-PM and his brilliant economic team. Surprisingly I found that in Dubai they do exchange MYR, of course you can use it in Southern Thai as well.

I always changed at KLIA, no point going around and shop for money changer, sometimes they dont have small notes, or not enought notes etc.

Always bring spare USD or Euro.

Credit cards is ok, you can earn some points biggrin.gif
but check with local issuing bank for the rate
*
I just changed in LAX, Los Angeles...
My big stacks of RM become thin pieces of USD... doh.gif
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ParaOpticaL
post Feb 24 2006, 11:06 AM


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QUOTE(cks2k2 @ Feb 24 2006, 10:37 AM)
I just changed in LAX, Los Angeles...
My big stacks of RM become thin pieces of USD...  doh.gif
*
hahah of course la my friend. USD 1 = RM ~4.00
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kong5091
post Mar 9 2006, 10:51 AM


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where can i get iraqi money?
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sukun
post Mar 12 2006, 05:03 PM


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netfan
post Mar 14 2006, 10:22 AM


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With all the exports and trade surplus Malaysia is having, one would think we should be getting a better deal.

Also, with the relief of the mafia pegged rate against USD, the ringgit should
rise a bit higher against the USD or Euro., maybe around 3.6 to 3.7

It would be nicer if MYR goes back to the pre-'97 days, when it was like
1USD = MYR2.8 or MYR 2.9 biggrin.gif

This post has been edited by netfan: Mar 14 2006, 10:22 AM
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longfang
post Mar 21 2006, 08:38 AM


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QUOTE(netfan @ Mar 14 2006, 10:22 AM)
With all the exports and trade surplus Malaysia is having, one would think we should be getting a better deal.

Also, with the relief of the mafia pegged rate against USD, the ringgit should
rise a bit higher against the USD or Euro., maybe around 3.6 to 3.7

It would be nicer if MYR goes back to the pre-'97 days, when it was like
1USD = MYR2.8 or MYR 2.9    biggrin.gif
*
I remembered it was closer to 2.5
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vyruz
post Apr 5 2006, 02:08 PM


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IMO and experience,

Just change a reasonable amount of currency of that particular country you are going to, and bring along one credit card. Bring too much cash with u is not recommended.

You'll have to manage urself when to use the cash and when to sign card. biggrin.gif
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