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Travel Currency exchange

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cybermaster98
post Oct 6 2010, 12:12 PM

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Whats the best exchange rate from money changers for the USD and Euro? Based on todays price, ive got a money changer offering 3.092 for the USD
cybermaster98
post Nov 8 2010, 10:38 AM

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i need to know the best money changer around KL/PJ to get Euro.
cybermaster98
post Nov 9 2010, 03:13 PM

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QUOTE(mimt @ Nov 9 2010, 03:04 PM)
i'm plan to go to aus, what should i do to get a better AUD? change RM to GB in Msia before convert to AUD at aus or change US before convert to Aud or direct change Aud here? any suggestion?
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U wanna save then dont go to Australia now. The currency is really strong now. Already passed USD since last week.
cybermaster98
post Nov 9 2010, 03:14 PM

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Even though EURO has dropped today, all money changers are still maintaining last weeks rates. Crap!
cybermaster98
post Nov 10 2010, 10:15 AM

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QUOTE(cybermaster98 @ Nov 9 2010, 03:14 PM)
Even though EURO has dropped today, all money changers are still maintaining last weeks rates. Crap!
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Euro now trading at 4.264 from 4.28 yesterday on XE and yet money changers still not changing their rates. Damn!
cybermaster98
post Nov 10 2010, 10:33 AM

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QUOTE(stimix @ Nov 10 2010, 10:20 AM)
If 4.28 is the current market rate & so do Bank Negara current rate of 4.266, meaning EURO also not well traded here in M'sia.

And infact converting EURO locally is bad idea giving the current wawasan rate of 4.315. Much better change to US$ 1st & thereafter switch to EURO once arriving at destination country.  smile.gif
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I dont think so. See my calculations below:

RM$ 10,000 to USD to Euro

RM10,000 = US$ 3,236 (based on exchange of 3.09)
US$3,236 = Euro$ 2,297 (based on exchange of 0.71)

RM10,000 to Euro

RM10,000 = Euro$ 2,317 (based on Wawasan exchange of 4.315)
cybermaster98
post Nov 10 2010, 05:12 PM

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QUOTE(stimix @ Nov 10 2010, 04:59 PM)
Thai Bath suprisingly badly traded here in Malaysia. Not to the real market rate.
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its Baht
cybermaster98
post Nov 29 2010, 03:54 PM

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Wawasan is still refusing to bring down rates for the Euro. Even though Euro is trading at 4.19 on XE, Wawasan is still maintaining 4.22. previously the difference between their rates and XE was only about 0.01
cybermaster98
post Nov 30 2010, 11:39 AM

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QUOTE(cybermaster98 @ Nov 29 2010, 03:54 PM)
Wawasan is still refusing to bring down rates for the Euro. Even though Euro is trading at 4.19 on XE, Wawasan is still maintaining 4.22. previously the difference between their rates and XE was only about 0.01
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Euro rates on XE now are 4.135 and Wawasan still at 4.18
cybermaster98
post Nov 30 2010, 12:57 PM

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QUOTE(cybermaster98 @ Nov 30 2010, 11:39 AM)
Euro rates on XE now are 4.135 and Wawasan still at 4.18
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Whats the best Euro rates for today?
cybermaster98
post Dec 1 2010, 02:24 PM

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QUOTE(kucingfight @ Dec 1 2010, 02:21 PM)
Check the live updated currency exhange here

the buy/sell will be around there
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XE will be easier. They have auto updates to your desktop.
cybermaster98
post Dec 1 2010, 03:56 PM

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QUOTE(stimix @ Dec 1 2010, 03:10 PM)
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
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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.
cybermaster98
post Dec 1 2010, 05:04 PM

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QUOTE(stimix @ Dec 1 2010, 04:05 PM)
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
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Of course its common knowledge that well traded currencies will get better rates.
cybermaster98
post Dec 2 2010, 10:09 AM

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QUOTE(cutepooh @ Dec 1 2010, 09:21 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?
cybermaster98
post Jan 17 2012, 10:44 AM

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QUOTE(ferricide @ Jan 10 2012, 11:24 AM)
Hi All
Is Wawasan still operating in MidValley?
Their website already non operational. Are they still around or stopped?? Any other good money changers around Damansara?
cybermaster98
post Aug 10 2015, 10:44 AM

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What's the best available rates in KL / Selangor for USD today? If the rates are good, I might buy about USD20K.

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