Whats the best Euro rates for today?

What is the current rate for AUD and where s the best place to change MY to AUD?

I used to change in Ampang Park or Jalan Masjid India..

Check the live updated currency exhange here

the buy/sell will be around there

XE will be easier. They have auto updates to your desktop.

All those currency converter just show the best of the best which is impossible to get in any Money changer in malaysia-lah...The best yardstick to get the real rate are from Money changers themselve and the only benchmark i can find from the net is Wawasan

Too bad Wawasan no longer the cheapest in town already...lost its glories

Not really true. When i worked overseas, i used to change foreign currency everytime i came home for holidays. On my occasions, i have obtained better rates than even XE.

Let me share this info. There is no such thing as 'cheapest money changer'. The rates are always dependent on 2 factors:

1) the standings of that money changer in the hierarchy of their credit line meaning the higher they are to the top the better the rates as commission levels are smaller

2) the amount of the particular currency traded and the amount of stock available

Thats why u will see some money changers having better rates for 1 currency while having poorer rates for other currencies. For instance, if you monitor Wawasan ull see that his Euro rates are quite competitive even when u compare against money changers at The Curve, KL Sentral, Masjid India and 1U. But his UK Pound rates for instance are quite poor compared to these other places.

So u need to choose money changers based on the currency you wish to trade. Always scout around as the 2 factors mentioned above will change over time. For me, i have a network of about 12 money changers which i will use to compare currencies before purchasing.

You have your point but so far in KL, I can't find any money changer sreally marked to market. Except certain well traded currencies such as US$, SG$ & Rupiah. Others not even close to the market rate for eg..Thai baht, Taiwan $, Riel, Dong & more..

Those are badly traded currencies due to what you mentioned above & therefore almost impossible if comparing to the yahoo & XE link

Of course its common knowledge that well traded currencies will get better rates.

Not many people knew those info here or even know what is buy & sell here. that's is why this thread created for info & education purposes. Otherwise why ppl still keep asking...Why people still confuse between buy & sell or even converting the currency here.

This post has been edited by stimix: Dec 1 2010, 05:30 PM

hi all...for japanese yen, is it better to directly chg from RM to Yen or to USD 1st like most of the currencies?
went to 1u jus now to ask for the rate or RM10k..they only gave a discount of RM0.01...hmm where else has better rate?

Isnt it always better to change directly rather than do an indirect change and pay more commission?

You are right for certain well traded currency and for the case of japan, the diff between market rate (I used Bank Negara) and the Money Changer rate for Yen, the diff is small only i.e ~ RM0.05 for every 100 yen. So it will be hassle and wasting time doing double conversion.

However for those not well traded currencies in malaysia such as Vietnamese Dong or even Taiwanese Dollar wth very obvious diff between the market rate & money changer rate, Converting to US$ & thereafter to the country currency will be a better choice even having to pay double commission.

So it's really depending on whether the price diff between the market (XE/ Bank Negara) vs the money changer rate in M'sia.

err hi guys,

planning to go Beijing next month, just want to ask which is better, got a few hundred euros with me and want to change to yuan,

change my euros to yuan here better or change when im in Beijing?

thanx for any reply.

sorii the previous post should be me, my friend forget to log-out.

err hi guys,

planning to go Beijing next month, just want to ask which is better, got a few hundred euros with me and want to change to yuan,

change my euros to yuan here better or change when im in Beijing?

thanx for any reply.

Hi

I just saw this exchange rate shop in Section 14 price more reasonable than the one in mid valley. it is inside foto maimi

Currently there are lotsa Money changers esp in Bkt Bintang & PJ area having equivalent or better than Wawasan MV dy...Some of the PJ Money changers having some better rate than Wawasan (I hv checked too) inc - Wisma Atria (beside Esquire Kitchen), & Hala Suria, Ikano & the Curve (Opp Uncle Lim)

Yups agree.

One-Utama has got 3-4 money changers. Sometimes the one in front of Kenny Rogers give really good rates too.

wanna change to sgpore dollar. wawasan sentosa or bestrate?what is the difference of rate in wawasan n bestrate. sdn.bhd?

i saw a good one at sungei wang. better than wawasan n bestrate for sgd. im planning to buy sgd too. direct exchange MYR to SGD or to any other currency first is better? for RM10k

Singapore is well traded here and almost marked to market by most money changers wth slight or small differences. So no point converting to another currency which will attract double commission.

Furthermore, do take not on the petrol, toll and parking just to get the best rate in town esp those in bkt Bintang..unless you stay very near there-lah