hor hor... mod not doing job ... close one eye

Anyway, which specific rule broken ?

-----
BTW, I think it's better to stop the nonsense of "I have HKD1800 or USD150 or IDR300,000 , etc. balance left, who wanna exchange thing"

My advise is, is it worth for the buyer/seller to meet up to deal ? Drive all the way ? Waste petrol ? time ? parking ?
How much can save for that small balance amount for buyer/seller ?

If put too low, I'm sure seller can just sell back to money changer.
Or will buyer / seller trust each another to bank-in first before courier ? AFAIK, not safe to courier money.

https://forum.lowyat.net/index.php?act=boardrules

https://forum.lowyat.net/index.php?showtopi...3&#entry7688813

One eye close lor....mals wanted to go back to all the posting relating to trading of xhange rate
Somemore..common sense rules..All money changer in M'sia regulated by Money Changer act 1998. U think we can trade meh

Just to add... let's take example on USD<>MYR rate.

Selling 1.00000 USD
you get 3.04 MYR
Buying 1.00000 USD
you pay 3.06 MYR

Middle rate = 3.05

For USD150 leftover, that's
a) 3.04 = RM456
b) 3.05 = RM457.5
c) 3.06 = RM459

Difference of RM1.50 for buy/sell at middle rate

Ok, let's take bigger rate diff, like
a) 3.02 = RM453
b) 3.05 = RM457.5
c) 3.08 = RM462

RM4.5 diff

Ok ok ... let's say you really rich. Balance USD1k (HKD7,750; IDR9,587,730; KRW1,085,540; THB30,657; TWN29116; AUD958)
a) 3.02 = RM3,020
b) 3.05 = RM3,050
c) 3.08 = RM3,080

Difference RM30 only. Worth it to spend time to telephone, meet up, petrol, time, parking, toll, stuck in jam or public transport, risk of get robbed by unknown, etc. ?


Yes, officially cannot do money exchange trading without valid license

need urgent info:
i hv ringgit cash,
can I change it to HKD when i am hongkong?
any money changer accept MYR in hongkong?

hint: -i am in china now, ringgit is not accepted here, so i can't change MYR to RMB then to HKD
-my wallet stolen, so my visa card also hilang, so no option to use debit/credit card
-bcoz of that i hv limited resource, my RMB limited, bring so little USD, but i bring plenty MYR



sorry if anybody ever talk bout it before but i didnt pay attention,coz im in china now and can't really use lowyat google-search, lot of proxy here.

Yes you can change RM to HK$ there but not all money changers

Any TWD changer?

Change us$ 1st and thereafter change to nt$ at taro yuen airport. Best this way

hi guys, im planning to go japan, what is the best way to spend money there with the least conversion fees? if i take all cash, i will bear higher risk of getting rob etc etc, plus, money exchanger sure potong.

i googled around and they said, try to credit card as much as possible because its cheaper than using cash or withdrawing from ATMs there in japan. i called up my credit card CS, they said there will a 2% charge on every purchase. but the good thing is they, follow actual global rate

please advise on this

This post has been edited by ham_revilo: Nov 15 2012, 05:59 PM

Yes using credit cards & even cash out from ATM in countries with lousy exchange rate in M'sia much better.. However I think Japanese yen is not so badly traded in M'sia-lah.. but you still getting better rate using CC there.. well not everywhere you can use CC.. transportations & food outlets still prefer cash..

based you guys experience, what is the best CC to travel in japan? i'm planning to pay all my hotels and transportation using CC if the rates are better than money exchanger. plus, i dont need to carry so much cash

Can't really remember.. I normally use my Citibank or Stanchart.. BTW, u can't really buy MRT tickets there using CC unless u intend to buy those freepass or discount pass like JR Rail or Tobu -Nikko freepass

i was planning to buy JR pass here, which is the only way to get it. you cant buy JR pass inside japan right? i have Citi and getting a OCBC by next week

so i guess there is not much i can save in term of currency transaction

anymore suggestion guys?

don't use citi definitely, sure lousier rates in most countries as i checked. I used OCBC for the nikko and hakone freepass. Quite good rates better...38.8X when they charged me on 31 oct...haha

someone here in LYN tell me before maybank is quite good..haha

JR pass need buy advanced in msia and exchange for the real ticket in Japan.

This post has been edited by anechoic: Nov 16 2012, 09:52 PM

Always use a Maybankard Visa/Mastercard for lowest forex exchange

thanks for the feedback. but, is there any additional charges on the credit card side?

Yes, refer here:
http://forum.lowyat.net/topic/1845691

Head over to the South Korea thread

anyone selling yen. PM me.

ElizabethT: Aus and Sing yes, Brunei dont know.

Australian Dollar is still in circulation
Current Singapore Dollar has Potrait series - http://www.mas.gov.sg/en/Currency/Circulat...ency/Notes.aspx