USD/MYR and SGD/MYR
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 Sep 30 2022, 11:04 AM
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#1
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Senior Member
2,366 posts Joined: Feb 2008 
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QUOTE(Ramjade @ Sep 29 2022, 09:15 AM) 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? |
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Sep 30 2022, 01:58 PM
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#2
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(Ramjade @ Sep 30 2022, 12:14 PM) Open sg bank acocunt. I got CIMB singapore. 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. 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? |
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Oct 7 2022, 03:12 PM
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#3
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Senior Member
2,366 posts Joined: Feb 2008
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4th October up to 3.27...now drop back a bit.
3.3....3,5...3.8...is not a surprise anymore |
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Nov 12 2022, 09:12 AM
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#4
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(umboy @ Nov 12 2022, 02:14 AM) SGD 3.42 SGD 1 = MYR RM 4 also no surprise adyBreak record and all time high |
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Nov 12 2022, 09:54 AM
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#5
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(CommodoreAmiga @ Nov 12 2022, 09:13 AM) Possible next year. If Zahid becomes PM, RM5 inkambing. if Zahid PM, RM 5.5 is my guess |
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Feb 23 2024, 10:37 AM
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#6
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(poooky @ Feb 22 2024, 04:49 PM) It was me, as soon as I fomoed few grand into SGD, MYR went back up. Truly the worst of luck. first time see currency movement? of course it will up and down up and down . down abit no need to scare. it will go up to RM 4 or RM 4.5 by year end 2024. SGD never wrong for the past 20 years. (uptrend)This post has been edited by BboyDora: Feb 23 2024, 10:38 AM ASoulNamedLeo and Medufsaid liked this post
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Feb 23 2024, 10:50 AM
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#7
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(prophetjul @ Feb 23 2024, 10:43 AM) Well said. ya. i follow your footstep. change a bit everytime since RM 3.25 = 1 SGD. But actually last 50 years.  |
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Aug 29 2024, 04:08 PM
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#8
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(batman1172 @ Aug 26 2024, 12:39 PM) Me double sad. Every month my passive income decrease as holding in both currency that suck. 😠dunno about USD, but Im convert more MYR to SGD.Should have converted more to MYR past 4 years. if you think SGD suck, i think MYR even more...ahem...ahem... |
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Aug 30 2024, 09:31 AM
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#9
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(batman1172 @ Aug 30 2024, 09:27 AM) I live on rental income in sgd and dividends in USD. Haiz. Now usd 4.3 sgd 3.3 thats everyone dream!! owned property in Singapore and live in Malaysia. All epf fault. Only allow max 100k. not the other way round  |
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Oct 28 2024, 10:40 AM
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#10
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(Medufsaid @ Oct 28 2024, 10:36 AM) ok wait, if you are transferring <RM3k, DuitNow Overseas Transfer is the cheapest among the 3 only for mobile number? bank aacount can? for example i have CIMB singapore. can trf from maybank Malaysia to CIMB singapore bank? sorry, never trf from diff bank beforehttps://www.maybank2u.com.my/maybank2u/mala...s-transfer.page This post has been edited by BboyDora: Oct 28 2024, 10:41 AM |
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Oct 28 2024, 11:37 AM
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#11
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(Medufsaid @ Oct 28 2024, 10:41 AM) BboyDora you need MBB SG or OCBC SG. delink your malaysian mobile no from CIMB SG, then link to either one (I have OCBC SG) ooohh.... I mean from MYR to SGD for the best conversion rate. (some forumer recommend Sunway Money but i old uncle dunno how it works  )if MBB SG to CIMB SG, it will be in SGD right? sorry for the noob question This post has been edited by BboyDora: Oct 28 2024, 11:37 AM |
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Oct 28 2024, 01:09 PM
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#12
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(Medufsaid @ Oct 28 2024, 11:39 AM) BboyDora to use DuitNow Overseas Transfer, you need either OCBC SG or MBB SG. ahhh.................. now I understand. CIMB SG punya problems. if you have either, you can transfer MYR from MBB M'sia to OCBC/MBB sg after you received the money already (converted to SGD) in OCBC/MBB sg, you can do local bank transfer to CIMB sg why we have to do these extra steps? because CIMB sg doesn't support DuitNow Overseas Transfer ok thank you thank you.  |
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Oct 29 2024, 02:49 PM
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#13
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(boyboycute @ Oct 29 2024, 12:20 PM) A lot of people like to fight the market now. Once Ringgit weakened a bit, they quickly convert to USD or SGD. very basic rules. Unker doesn't have much time but Unker is patient enough to let the dead cat bounce. Unker also see a lot of bag holders in the forum. Don't fight the market. Let it come to you 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 This post has been edited by BboyDora: Oct 29 2024, 02:51 PM |
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Nov 4 2024, 02:22 PM
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#14
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(dwRK @ Oct 30 2024, 12:45 PM) convert when one needs it... yes. no need listen to ppl. simple rules. buy low sell high. (or convert low, and change when it's higher) moral of story... have a plan...do your own due diligence... dun simply listen to ppl... Since MYR is getting weaker against USD, time to unload it. As long as I make profit, no need to listen to anyone or so call gurus. Warren Buffett rules too, Be Fearful When Others Are Greedy |
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Nov 7 2024, 09:35 AM
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#15
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(BboyDora @ Oct 29 2024, 02:49 PM) very basic rules. told ya in 29th Oct. No need to speculate or whatsoever.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 now USD getting stronger after election and wait the time to change back to MYR to get profit. simple rules. |
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Nov 13 2024, 09:57 AM
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#16
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Senior Member
2,366 posts Joined: Feb 2008
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time to change part of USD to MYR. get some pocket money
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Nov 13 2024, 03:15 PM
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#17
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Senior Member
2,366 posts Joined: Feb 2008
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Projecting RM 5 ...
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Nov 22 2024, 11:22 AM
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#18
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Senior Member
2,366 posts Joined: Feb 2008
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QUOTE(nexona88 @ Nov 22 2024, 09:20 AM) It's one of the many views... yes.SGD never wrong , look at the past 30 years.... going upNo wrong to it... USD as world trading currency... Somehow it's tend to be the parking place for many.. Same goes to SGD... Safe bet edit: past 50 years... ahaha This post has been edited by BboyDora: Nov 22 2024, 11:22 AM nexona88 liked this post
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