Closed at 3.3713 this morning in the forex mkts, interbank rate,...

I think the forummer used the 'Sell' rate at a bank or a money-changer, or he saw the Sell Price for SGD at some portals,... It's still high,...

I think if you go actual convert using Bank, it has already hit over 3.4xx. Last week or so I transferred and converted some RM to SGD. CIMB bank already this 3.4xx rate. Hence I use WISE to transfer to get 3.37xx

Some UMNO cyber trooper reported my post. I guess it's me calling Zahid an imbecile LOL

I googled n this is what I got (didnt know idiot is the worst):

What's worse than a moron?
Specifically, those who have an IQ between 0 and 25 are idiots; IQs between 26 and 50 are considered imbeciles; and those who have an IQ between 51 and 70 are considered morons. These terms were popular in psychology as associated with intelligence on an IQ test until around the 1960s.

This post has been edited by MGM: Nov 14 2022, 01:11 PM

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This post has been edited by bill11: Nov 14 2022, 12:10 PM

Interesting info. I should have used idiot instead lol

SGDMYR interbank rate now at 3.3455, SGD keeps pullingback against the MYR. The strongest MYR was at prior to the pandemic was at 2.9717 on February 2nd., 2020.

A good benchmark is to observe if the MYR can regain this level as the SGD pulls-back in tandem with the USD.

https://finance.yahoo.com/chart/SGDMYR%3DX#...2hhcnQifX19fQ--

If pull back to near RM3, I am going to dump in more. But Mahathir just say that it would not go back to previous level....

USD MYR 4.55...biar betul...wow..

Wait after election if incumbent wins it will go below rm4.40

Perhaps is a good time to exchange money after election

Depends who wins

If opposition wins be prepared to see RM drop at least another 2%

Malaysia ringgit is strictly capital control by BNM hence the demand offshore is small hence even fed interest rate have very little impact itself 🤦‍♀️

The only impact only RM appreciate is mostly due to BNM adjusting OPR and macroeconomic news on Malaysia itself

History also proven during past 2 elections the week after RM is moving either side as well 🤦‍♀️

Mati la if PAS be our gov, panic want to swap out my MYR, open SG acc also takes time, all in crypto stablecoin also risky, so macam mana buy gold ??

If PN is going to Palace on Monday then when FX markets on Monday morning swapped and buy USD quickly

Then you go to IBKR buy spot gold ETF called GLD or mini gold called GLDM

Investors don't like to see a hung parliament...

MYR in trouble tomorrow.

I transfer out some RM last week one day before election cause rates was good.

How buy USD without cut throat exchange rate? I have normal saving account only.

Use Sunway money and send it as SGD to sg bank account.
Form sg account deposit into interactive broker (IBKR)
Convert inside Ibkr at spot rate (real time market rates without any markup) for usd2.00/conversion.

Sunway money will give you money changer or slightly cheaper rates.

This post has been edited by Ramjade: Nov 20 2022, 10:28 AM

I already mention open sg account takes time bro, you said sunway money give money changer rate, what about I first change my MYR to SGD cash with money changer, keep it under pillow until I open SG account, then only use SGD cash transfer to sg bank account with sunway money? Does sunway money take SGD cash?