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USD/MYR drop, v3
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wjchay
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 Jan 14 2016, 03:09 PM
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QUOTE(Hansel @ Jan 14 2016, 04:06 PM) Yes, the RM did strengthen to around RM3.00 to 1 SGD back during the weekend immediately after he laid out the budget speech on that Friday evening,... I don't remember how much it strengthen to the USD, though,... I remembered it very, very distinctly because I had to break my back running around to a few money-changers to change my RM into the SGD, about RM500K on that Saturday and Sunday. Yes, the RM did strengthen back then.... Hoping it will do so again this time round,....  How did you withdraw RM500k? Branch over the counter? |
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wjchay
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Jan 15 2016, 08:41 AM
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When buying foreign currency from money changer, usually I will note it as "for holiday". Does it matter what I write down as the reason for buying foreign currency?
ps: I also cannot imagine how big of a bag is required to envelope RM500k, never had that much cash physically :-0
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wjchay
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Jan 15 2016, 09:24 AM
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I was referring to the form to be filled up when buying foreign currency from money changer, what are the appropriate reasons to fill in for large amounts? Without getting unwanted attention.
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wjchay
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Jan 15 2016, 09:35 AM
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QUOTE(cherroy @ Jan 15 2016, 10:28 AM) Just write what is your intention loh. If it is holiday, then just write as holiday If just for paying school fee then just write. I don't see what is the concern, just a procedure, even you want to keep for fun or collection also can. My real intention is to bring cash to deposit to sg account for investment. For large amounts, will this draw unnecessary attention or drawback to me? Thanks. |
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wjchay
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Jan 15 2016, 10:32 AM
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When SGD 1 was MYR3.05 (money changer rate), I called OCBC RM, she quoted me MYR3.11 for TT.
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wjchay
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Jan 17 2016, 07:34 PM
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Sidetrack a bit, this morning I went to midvalley, all money changers out of SGD, including mbb changer. Finally found one at south court, they only had SGD5.4k.
What's going on with sgd?
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wjchay
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Jan 26 2016, 03:00 PM
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QUOTE(Hansel @ Jan 26 2016, 03:42 PM) Hi AV,... managed to convert into the SGD yesterday at 2.9980. Did not convert any into the USD this time round. I feel I need to focus a bit more n the USD for now because the liquidity of the SGD in Msia is getting lower. Money-changers seemed to be hoarding the SGD, holding-on to the currency. Edited because was informed wrongly of the rate used to exchange my funds yesterday. Corrected,... Hi Hansel, How did you manage to get SGD at 2.9980, can share? I went to money changer on Sunday, only managed to change at 3.02. Today the money changer rate is 3.01. Thanks. |
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wjchay
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Jan 30 2016, 12:57 PM
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Money changer yesterday was SGD 1: MYR 2.92. Today it is SGD 1: MYR 2.93.
Change today or next week?
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wjchay
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Jan 30 2016, 04:01 PM
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http://sptnkne.ws/a6RfRussia and Saudi Arabia have recently signaled their willingness to curb oil production amid rapidly falling oil prices. Read more: http://sputniknews.com/russia/20160129/103...l#ixzz3yiFFCHpGIs this true?
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wjchay
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Mar 25 2016, 08:04 AM
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QUOTE(wil-i-am @ Mar 24 2016, 11:38 PM) This is interesting, is it safe? Can I accumulate many transactions over a month (up to their limit) and collect like 2 months later at another branch? |
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wjchay
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Mar 26 2016, 12:19 PM
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QUOTE(wil-i-am @ Mar 25 2016, 07:42 PM) Yup as they have licence from BNM I just checked this morning comparing MV, Spectrum Pyramid, eForex, seems like eForex is more expensive for buying SGD. I thought they could have provided better rates since it's online, e.g. less manual work. |
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