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USD/MYR drop, v3
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lukenn
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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.
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lukenn
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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? Some banks will offer you treasury accounts. It really depends on what the quantum of the transaction, and your relationship with them.
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lukenn
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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  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  banks the last place people go convert  If you're dealing with small sums and in cash notes, then thats probably true.
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lukenn
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Mar 30 2016, 11:04 AM
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QUOTE(MR_alien @ Mar 30 2016, 10:41 AM) RM strengthen or USD weaken? USD weakening across the board after Janet Yellen hinted at no interest rate hikes in the US in April.
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lukenn
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May 19 2016, 11:56 PM
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QUOTE(aromachong @ May 19 2016, 08:44 PM) 4.10 - 3.80 = 0.30 0.30 / 1,000,000 = 3,333,333 Warhliewz
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