So everyone converts MYR to USD but not the other way round?

*In case you wonder how to compute the lost in interests on interests... here's the maths:

Assuming you start in February in year 0, you lose 5%/12 * 30% WHT * 5% , the second 5% being the interests on interests. In March, you lose 5%/12 * 30% WHT * 5% * (11/12), now you lose (11/12) of the annual interests on interests (you only got 11/12 of a year left to compound your interests on interests until next year's February, when IBKR refund you the 30% WHT), but the capital remains the same, i.e., 5%/12 month * 30% WHT. So the total opportunity cost, in simple interest terms, to first order effect (we ignore interests on interests on interests and .... on interests...  and... ), the sum of series is 5%/12 * 30% WHT * (1/12) * (12+11+10+...+1) = 0.04% p.a.

Do correct me if my maths is wrong... my head is spinning all over the place writing my PhD qualifying exam report...

What's the cheapest way? Am using Wise but gotten more expensive already. I see not much discussions of converting USD back to MYR.

Mostly in bank/UT denominated in USD. Need to convert for daily spending in MY 

This RHB "Treasury" exchange rate is better than HSBC conversion.

rhbgroup.com/treasury-rates/multi-currency-debit-card/index.html

but how to get the special counter rate? Anyone has any experience with this? What's the requirement?

Today is a good day for USD/SGD... MYR laosai by 1%

looks like it's USD5



https://www.rhbgroup.com/-/media/Assets/Cor...account-faq.pdf

special rate?

RHB Special counter rate 4.313 only. Maybank eats u the profit for few cents

Now it is showing RM4.3015

yes. but not sure at what rate.

rhb multi currency need saving acc before open account?
the interest rate is lower than allince bank.

All those analyst saying would be hitting 4 year end all hiding

no need to test lar... if reach 4.88 lagi best....

nothing has changed in malaysia, except KL nowadays can be once a while full of water... and the occasional holes... sinking holes...

got confidence?

is it real confidence, or necessary if even start to attract FDI? i seem to remember that converting 3K rm with money changer nowadays must present IC... then again, I didn't convert money that way for a while already, so maybe that has changed.

very basic rules.
Ringgit strong, convert all to USD and SGD (cz consider"cheap")

Converted a portion at RM 3.2 = SGD 1

When Ringgit weakened, convert back to MYR. Will convert when SGD 1 = RM 3.5

wanna test 4.4...