I can't trade my USD, reason given is that it is US holidays.
If I want to trade, the rate will be 4.25.
USD/MYR v4
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 Nov 11 2016, 01:55 PM
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#1
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Senior Member
886 posts Joined: Dec 2004 
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Nov 11 2016, 05:34 PM
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#2
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886 posts Joined: Dec 2004
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Shit banks in Singapore also did the same, buying at 4.25, selling at 4.5
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Nov 11 2016, 05:58 PM
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#3
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886 posts Joined: Dec 2004
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QUOTE(Hansel @ Nov 11 2016, 05:53 PM) Meaning the SG banks are selling USD for RM at 4.50, and buying USD with RM at 4.25 ? Yes |
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Nov 11 2016, 06:07 PM
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#4
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886 posts Joined: Dec 2004
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QUOTE(Hansel @ Nov 11 2016, 06:04 PM) This is the offshore rate,... hence, logically, if we are able to buy USD INSIDE Msia, and then use this USD outside of Msia, it would be better than to convert RM into USD outside of Msia. This is true only if you wish to buy USD.BUt,... I'm sure no one would want to chg USD into us inside Msia now,... money-changers would close their doors already,.... But if you wish to sell USD and buy RM. SGP also fixed it at 4.25 or 4.26 (plus processing fee). That is really a ripoff |
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Nov 11 2016, 06:31 PM
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#5
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886 posts Joined: Dec 2004
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QUOTE(Hansel @ Nov 11 2016, 06:23 PM) Yes Kwan,... you are right as per highlighted. Then again, no holder of the USD would be selling back the USD to any money-changer inside Msia. Who would want to let go of the USD now ?? Whether inside or outside of Msia ? My only source of income is USD now.There is NO ann't of capital controls, and certain financial instruments are still able to proceed, but this process is nonsensical, bonds are not redeeamable back to the original currency, and spot trades MUST follow our levels,...yeah, sure, can still go,.. but not following worldwide levels,... this is bs, man,.... I am overseas now,.... I will take immediate steps now to protect myself,... I guess I have to survive by converting small amount of USD back to RM... Bit by bit. |
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Dec 6 2016, 06:56 AM
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#6
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886 posts Joined: Dec 2004
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QUOTE(the99percent1 @ Dec 6 2016, 06:52 AM) Dont be silly, you are not gaining much at all. With ringgit depreciation means other things will rise, namely inflation, housing prices and general cost of living.. If you can win the inflation, you have already won. |
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