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Travel Currency exchange

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straw
post Apr 17 2012, 04:26 PM

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maybe the person give wrong rate. calculate "we buy" rate to your friend.
navilink
post Apr 17 2012, 05:25 PM

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where can i get $1 or $5 USD notes apart from currency exchange?
illegaldragon87
post Apr 18 2012, 10:51 AM

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QUOTE(stimix @ Apr 17 2012, 02:26 PM)
Can't be. Last mth I changed on the 2nd or 3rd day when the rate at the lowest for the year and that also 37.40 when Bank negara was at 36.4 at the lowest. And no one can get lower than BNM  smile.gif  Impossible to be so low.

http://www.bnm.gov.my/index.php?ch=12&pg=6...ype=Mid&unit=rm
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I am not kidding.... My frenz really change at tat rate... At MV... Just tat i dunno the exact date... N i can confirm itz 36.2...
stimix
post Apr 18 2012, 11:19 AM

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QUOTE(illegaldragon87 @ Apr 18 2012, 10:51 AM)
I am not kidding.... My frenz really change at tat rate... At MV... Just tat i dunno the exact date... N i can confirm itz 36.2...
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Up to you to judge. I also followed Yen rate since late Jan till I got it at the 2nd lowest rate in Mid Valley too ~ early Mar and that was at 37.4 when BNM ~ 36.7 if I can recall. I fyou check back the BNM, rate which is the median rate, the lowest was ~on 15/3 i.e 36.37. At this rate, the lowest any money changer can offer probably ~ 37.1 to 37.5 from my experience. They will not sell lower than BNM rate biggrin.gif

Well, you try-lah asking your friend to show the small slip the money changer give to him.. biggrin.gif
Aqidah
post Apr 19 2012, 01:56 PM

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I'm going to Beijing early next month.

Can advise where to get the best rate to exchange..?

Beijing using Chinese RenMinBi right..?

Should i exchange by this week or end of this month..?
Many thanx smile.gif
stimix
post Apr 19 2012, 02:33 PM

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If we are really god or godalike, probably we can predict when is the best time to change liao haha.. Just change at any money changers closer to you with the best rate unless you are willing to goto far away Money changers but incurring toll, fuel & parking.

The best rates as lotsa us posted much earlier here inc those around

- BB Plaza & Sg Wang
- Mid Valley LG Ctr Court & NZ news/magazine
- Ikano - Opp Uncle Lim
- Mesjd India & more

Just do survey.. it's just like buying Montel Banana from Tesco, Carrefour or Giant.. They undercut each others at diff timing
Aqidah
post Apr 19 2012, 06:10 PM

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QUOTE(stimix @ Apr 19 2012, 02:33 PM)
If we are really god or godalike, probably we can predict when is the best time to change liao haha.. Just change at any money changers closer to you with the best rate unless you are willing to goto far away Money changers but incurring toll, fuel & parking.

The best rates as lotsa us posted much earlier here inc those around

- BB Plaza & Sg Wang
- Mid Valley LG Ctr Court & NZ news/magazine
- Ikano - Opp Uncle Lim
- Mesjd India & more

Just do survey.. it's just like buying Montel Banana from Tesco, Carrefour or Giant.. They undercut each others at diff timing
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Much appreciated rclxms.gif
soul2soul
post Apr 21 2012, 09:32 AM

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Hi all,

I am been hunting a few money changer so far and they are out of Pound / Euro. My friend told me it's cheaper to carry my own Maybank ATM and withdraw Pound at London ATM machines that is linked to Cirrus/ Bankard network. Charges about RM10 per transaction and Forex at interbank rates.

Any of you try this way before? is it much worth it to get Pound that way or get it from money changer in malaysia? Do I need to call maybank to activate oversea withdrawal??

How about carrying USD instead ? Will I lose a lot of money if I convert ringgit to USD locally, and in London convert it to British Pound??

thanks for answer.

This post has been edited by soul2soul: Apr 21 2012, 09:34 AM
Ataman
post Apr 21 2012, 10:08 AM

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Yes, making a withdrawal from an ATM is generally the easiest and cheapest way to get cash abroad. Make sure ur ATM got PLUS or Cirrus network, thereby when doing withdrawal from oversea, look for the ATM machine that got PLUS or Cirrus sign. Normally u can found at Airport.
You much activate the service before go aboard, i remember activate through ATM machine will do.
By changing USD here and then change to EURO over will be double charge for u.

Good Luck
soul2soul
post Apr 21 2012, 10:12 AM

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QUOTE(Ataman @ Apr 21 2012, 10:08 AM)
Yes, making a withdrawal from an ATM is generally the easiest and cheapest way to get cash abroad. Make sure ur ATM got PLUS or Cirrus network, thereby when doing withdrawal from oversea, look for the ATM machine that got PLUS or Cirrus sign. Normally u can found at Airport.
You much activate the service before go aboard, i remember activate through ATM machine will do.
By changing USD here and then change to EURO over will be double charge for u.

Good Luck
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Thanks for the prompt reply.

Is this method cheaper than getting from our local money changer?
deodorant
post Apr 21 2012, 11:21 AM

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QUOTE(soul2soul @ Apr 21 2012, 10:12 AM)
Is this method cheaper than getting from our local money changer?

QUOTE(Ataman @ Apr 21 2012, 10:08 AM)
Yes, making a withdrawal from an ATM is generally the easiest and cheapest way to get cash abroad.

keyword being "abroad." It is almost always cheaper to buy foreign currency locally first and bring it with you. but many people, particularly if they're on a longer trip, aren't comfortable with carrying thousands of ringgit cash with them, so they'll just change a moderate sum locally, then withdraw from ATMs while they're abroad (rate is definitely not at interbank rates like what your friend said).
stimix
post Apr 22 2012, 12:16 PM

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QUOTE(deodorant @ Apr 21 2012, 11:21 AM)
keyword being "abroad." It is almost always cheaper to buy foreign currency locally first and bring it with you. but many people, particularly if they're on a longer trip, aren't comfortable with carrying thousands of ringgit cash with them, so they'll just change a moderate sum locally, then withdraw from ATMs while they're abroad (rate is definitely not at interbank rates like what your friend said).
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Certain countries, yes I agreed, the rate will not be competitive esp those currencies which are well traded locally like US$. Ruppiah, S$, HK$, Yen & etc however, for those currency that are not well traded in M'sia for eg. Korean won, NT$, Dong & etc.. Withdrawal from oversea ATM or even using credit cards in oversea in those countries are slightly cheaper than Money changers rate in M'sia biggrin.gif

So really depend on the traded rate of those currency here in M'sia
Human Nature
post Apr 22 2012, 07:56 PM

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Will Ringgit weakens when the GE date is announced?
stimix
post Apr 23 2012, 11:08 AM

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QUOTE(Human Nature @ Apr 22 2012, 07:56 PM)
Will Ringgit weakens when the GE date is announced?
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Why you prefer Ringgit weakens pulak? You are selling your foreign currency kah haha.. bcos those buying Foreign currency for Holiday purposes are waiting for RM to be stronger & not weaken biggrin.gif

This post has been edited by stimix: Apr 23 2012, 11:09 AM
Human Nature
post Apr 23 2012, 12:04 PM

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QUOTE(stimix @ Apr 23 2012, 11:08 AM)
Why you prefer Ringgit weakens pulak? You are selling your foreign currency kah haha.. bcos those buying Foreign currency for Holiday purposes are waiting for RM to be stronger & not weaken  biggrin.gif
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haha, coz if ringgit will weaken, i will change currency now and dont wait somemore..sekali wait, GE announce and ringgit drop.. cry.gif
vincentwmh
post Apr 25 2012, 01:42 PM

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hi, urgently need advise.
i have just change quite large sum for USD 100 dollors note, like usd3000K. ALL in 2006 notes.

Is this the year (2006) that we should avoid and will have difficulties being accepted in other country's monet changer?
straw
post Apr 25 2012, 02:15 PM

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Hi is this pound 20 notes still can be used? Thanks.


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rayng18
post Apr 25 2012, 02:34 PM

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QUOTE(straw @ Apr 25 2012, 02:15 PM)
Hi is this pound 20 notes still can be used? Thanks.
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yes just change with the money changer few weeks ago
straw
post Apr 25 2012, 04:50 PM

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QUOTE(rayng18 @ Apr 25 2012, 02:34 PM)
yes just change with the money changer few weeks ago
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The note still can use in England? Thanks.
irshadim
post May 1 2012, 05:33 PM

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Hi guys. Know any money exchangers that can exchange from RM to Egyptian Pounds? Or is it better to just exchange RM to USD and then exchange to EGP when you get to Egypt?

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