Hi all,
May I know where to ask about- selling or buying usd notes which bank offer the best rate?

SMZ, the gardens

The 3 changers beside marks & spender mid valley

No banks? I was hoping to put usd FD in Malaysia banks.

1 of the shop in midvalley got online website. can check there

It is 4.63 today
BNM need to intervene by raising interest rate quickly

Straight 75pts hike could help....

But looking at how they been...

Probably just another 25pts hike 😃

If only 25 pts
I USD to 5 MYR is very likely, almost certain

Only speculation as for now...

Hope it's bigger hike....

USD is stronger against all major currency....
So not surprised if hit 5.00 level 😁

Due to political pressure, bnm is resisting rate rise as long as possible.

MYR is on downtrend in the last 30 years, nothing has changed and down trends to persist.

This post has been edited by icemanfx: Sep 29 2022, 04:55 AM

If MYR rise too fast, our exports kantoi. Stocks will tank.

Forget about banks. You convert to USD, you lose money. When you convert back you lose money again. Go and see the spread of the USD of banks.

Whats the best method beside bank?

Crypto : buy USDT? p2p. no middle conversion rate
or money changer better?

Open sg bank acocunt.
Open Ibkr
Use fintech like Sunway money to transfer RM to SGD into sg bank account
Deposit SGD into ibkr via sg bank acocunt
Convert to usd.
Buy bins/stocks or etf. Whatever you want to buy.

I got CIMB singapore.

IBKR is this one?
https://www.interactivebrokers.com/en/home.php
sorry, not really familiar with the jargon

how about buy singapore REIT? using the same method? or use my trading stock trading account/platform?

1 sgd now 3.25 myr. argh...

ya lor.. 3.05 high.. 3.10 high.. 3.15.. wah so high
3.20.. aiyah so high wait la.. now 3.25. still waiting...

4th October up to 3.27...now drop back a bit.

3.3....3,5...3.8...is not a surprise anymore

Just convert once you have enough cash. I convert everytime I hit rm10k regardless of rate. Why? Cause long term SGD1.00=RM4.00 or USD1.00=RM5.00 incoming. So what's expensive now is cheap in the future.

This post has been edited by Ramjade: Oct 7 2022, 03:36 PM

I Transfer SGD and USD when my bonus came in at around April... look where I'm at now around 9% profit , just by siting on cash hehe

Next Friday MAS policy meeting. Standby.