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 USD/MYR drop, v3

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lukenn
post Mar 24 2016, 09:39 PM

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Wow you guys must be big time traders to be considering the USD/MYR. A quick look at the TT FX rates on M2U, and found this :

Selling : 4.0865
Buying : 3.9585

The spread itself is 0.1280. I guess that's a lot better than the 0.1700 earlier this year.
lukenn
post Mar 25 2016, 10:00 AM

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QUOTE(shioks @ Mar 25 2016, 08:01 AM)
Just out of curiosity, you guys trade FX via Money Changers like in Mid Valley or Gurney? 

I know you can do so via Maybank2U.com.my.  However, I would like to know if there are there any other ways of trading it?
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Some banks will offer you treasury accounts. It really depends on what the quantum of the transaction, and your relationship with them.
lukenn
post Mar 25 2016, 10:06 AM

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QUOTE(HarpArtist @ Mar 24 2016, 10:01 PM)
MV is pretty secure la. banks got limit to the rate they can give even if it is 6figure amounts. im sure many sifu here play 10k usd a day laugh.gif
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Depends on the quantum of the transaction. If you're pushing 6 figures and want better rates than money changers let me know.

QUOTE(nexona88 @ Mar 24 2016, 10:35 PM)
money changer spread way less tongue.gif banks the last place people go convert ohmy.gif
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If you're dealing with small sums and in cash notes, then thats probably true.
lukenn
post Mar 30 2016, 11:04 AM

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QUOTE(MR_alien @ Mar 30 2016, 10:41 AM)
RM strengthen or USD weaken?
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USD weakening across the board after Janet Yellen hinted at no interest rate hikes in the US in April.
lukenn
post May 19 2016, 11:56 PM

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QUOTE(aromachong @ May 19 2016, 08:44 PM)
real shit if only i know i'd sell at this and get 7  digits easily  bangwall.gif  bangwall.gif  bangwall.gif
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4.10 - 3.80 = 0.30
0.30 / 1,000,000 = 3,333,333

Warhliewz

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