don't always rely on google. use bloomberg to verify

always compare google, yahoo finance, bloomberg. if bloomberg, yahoo finance say RM4.50, but google says RM4.70, which one will you trust?

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

MYR


SGD


I don't think SGD will break the USD1.20 barrier... so for SGDMYR to reach 4.60, it means our RM dropped even further

Natsukashii MAS singapore is currently propping SGD up to fight inflation. but don't know if they'll decide enough is enough and let it fall

you can ask Xin Yi. MAS monitors the currency 24/7 (4:35 minute mark)

This post has been edited by Medufsaid: Oct 23 2023, 10:29 PM

i don't think MYR is trading during those hours, you could've been seeing the USDSGD transaction instead via proxy. i didn't look into it too much and i'm happy to be proven wrong and that MYR trades during our night time too


This post has been edited by Medufsaid: Oct 23 2023, 11:36 PM

compare picture 2 & picture 3. RM50 in jb just get us slightly less than S$50 in sg?

SGD was 3.49 last week. how long you've not checked SGDMYR rate already?

TOS you check again.

This post has been edited by Medufsaid: Nov 15 2023, 08:59 AM

ringgit not actively traded after local office hours. you were seeing SGDUSD movement, in ringgit

depends on what u want to do.

1. if you just want to put for FD only, do item 1
2. item 2 is hard bcos once u get cold hard cash, hard to do anything in malaysia except sorok bawah bantal
3. item 3 u have more freedom to use that money in SG

• using remittance agent more convenient although you'll pay 2 sen premium per dollar. e.g., MV sells you S$1 @ RM3.30 but money match sells you S$1 = RM3.31-RM3.32
• if bring in S$20k physical cash (easier than you think, u just need 20 S$1k note, or 2 S$10k note) need to declare or not?
  
  
  https://www.ica.gov.sg/enter-transit-depart...travellers/CBNI

btw, it's more worth it to sell S$ and buy back RM via CIMB SG->CIMB MY. confirmed Midvalley cannot beat already

This post has been edited by Medufsaid: Dec 6 2023, 03:50 PM

nope... still legal tender. but very very inconvenient i feel. you have to declare your details to those MV money changer since it's more than the RM3k limit for MV changers



very inconvenient bcos by the time you finished your business bringing down $$$ physically, i already invested stocks in IBKR and earned back the 2 sen per S$1 that i lost to remittance

This post has been edited by Medufsaid: Dec 6 2023, 03:58 PM

what is cheap can go cheaper... during pandemic $topglov was RM6, then citibank predict it'll drop to RM3.50. u find out how much it's worth today.

you have to predict yourself if MYR will strengthen or get even weaker

if you have an OCBC/mbb sg account u can DuitNow overseas transfer daily. no need to accumulate to save on fees (ongoing DuitNow promo aka waived fees)

This post has been edited by Medufsaid: Feb 2 2024, 01:57 PM

a fire sale?

This post has been edited by Medufsaid: Feb 7 2024, 10:55 AM

in case anyone wants to read MAS singapore S$NEER decisions of the past



https://www.mas.gov.sg/monetary-policy/past...olicy-decisions

can't deny that this is already happening for some time already. u can follow the smart money or u can "stand and fight"