Malaysian Ringgit rate update

[coolbeng]

today permas jaya 257.00

[AtlasShrugged]

Northpoint 257..

[myluckyguy]

Suntec was also 2.57 yesterday evening..

[steelhorn]

Yesterday changed for $2.57 at Parkway Parade. Was told ringgit in great demand since end of last week due to school holiday. Asked him does that affect the exchange rates? He answered somehow yes.

[Goatslooter]

12pm CTP Rm257.5

[diputs1269]

Originally Posted by Goatslooter

12pm CTP Rm257.5

Thanks for your updates, by the way where is CTP?

[Campro]

Originally Posted by diputs1269

Thanks for your updates, by the way where is CTP?

I think should be ChinaTown Point.

Mustafa Centre (Verdun road side) - 256.80
Mustafa Centre (Serangoon Plaza side) - 257.00

Same moneychanger in Mustafa Centre has 2 different rates at their separate windows.

[IncredibleHulk]

Today Lunch Time at:
Peoples Park Centre - S$100 -> RM257.00
ChinaTown Point - S$100 -> RM257.50

Hulk

[Goatslooter]

CTP = China Town Point

[The Milk Man]

KNNCCB..... Please check your ringgits carefully.
I received a couple of counterfeit $50 notes amongst my ringgits.
I had changed S$500.00 at the exchange rate of 2.575 at Bukit Bintang Shopping Mall...... on the way back to SG I did some shopping at JB and discovered the counterfeits when the shopkeeper refused to accept them.

[upmountain]

Originally Posted by Bielsa

ALERT!!

Please check your ringgit carefully when you change them..... today I discovered that one of the $50 ringgit note was reject in JB when I use it to pay for my food..... the stallholder say it is fake ringgit and showed me the difference between real ringgit and my fake note. I could hardly tell the difference but they are able to spot the fakes. I was told the fake $50 ringgit notes is very common now. The fakes so far only affected the $50 ringgit note as the other denominations has not uncovered any fake money yet.

Btw, I had changed my money at PPC (facing the MRT entrance).

Originally Posted by Dirk Kuyt

I have oso kenna given counterfeit RM$50 note. Mine was from a moneychanger along Jln Wong Ah Fook. It is very difficult to tell the difference from the real McCoy. However the counterfeits have a weakness which is they cannot be wet. When they are wet, the coloring will run and smudge.... that's how I discovered mine was a counterfeit..... lol

Originally Posted by The Milk Man

KNNCCB..... Please check your ringgits carefully.
I received a couple of counterfeit $50 notes amongst my ringgits.
I had changed S$500.00 at the exchange rate of 2.575 at Bukit Bintang Shopping Mall...... on the way back to SG I did some shopping at JB and discovered the counterfeits when the shopkeeper refused to accept them.

Seems that the scale of this recent counterfeit ringgit notes thing is getting quite serious. The circulation of these fake notes must be quite widespread in the system now as money changers from SG to even KL are dispensing them.

I think now better ensure that when you buy ringgit, get the money changer to run the notes through their counting machine. I'm not 100% sure but I think some of these counting machines are able to detect some of the security features in genuine notes. If its a fake, the machine will alert. Better than nothing.

Any bros here can share on to spot these counterfeit notes? It seems from the above posts that the Malaysian businesses know what to look for in these fake notes. Did the merchants or shopkeepers show you exactly how to detect?

[diputs1269]

Thanks many Bros here for the clarification on CTP

Quite scary to hear about the counterfiet RM50 notes, normally l will count them at the same time
just try to feel the texture and also the same thickness. But telling from fake will not be easy
when you change quite alot.

I think safer to change in Singapore because if any problem easier to go back to them rather than Malysia, too far to go back

[Dirk Kuyt]

Originally Posted by upmountain

Any bros here can share on to spot these counterfeit notes? It seems from the above posts that the Malaysian businesses know what to look for in these fake notes. Did the merchants or shopkeepers show you exactly how to detect?

I think the counterfeits are not color fast.... I discovered my fake note will smudge when it becomes wet.

[Dirk Kuyt]

Originally Posted by upmountain

Seems that the scale of this recent counterfeit ringgit notes thing is getting quite serious. The circulation of these fake notes must be quite widespread in the system now as money changers from SG to even KL are dispensing them.

The situation here is still not so bad yet..... I understand that up north in Danok / Hatyai it is even more terrible as 1 in 3 notes are likely to be fake. Although the cops have busted a factory in Chumphon making these counterfeit money.... there are several more believed to be still in operation.

[Bielsa]

Originally Posted by upmountain

Seems that the scale of this recent counterfeit ringgit notes thing is getting quite serious. The circulation of these fake notes must be quite widespread in the system now as money changers from SG to even KL are dispensing them.

I think now better ensure that when you buy ringgit, get the money changer to run the notes through their counting machine. I'm not 100% sure but I think some of these counting machines are able to detect some of the security features in genuine notes. If its a fake, the machine will alert. Better than nothing.

Any bros here can share on to spot these counterfeit notes? It seems from the above posts that the Malaysian businesses know what to look for in these fake notes. Did the merchants or shopkeepers show you exactly how to detect?

Actually these fake notes are very good.... I could hardly tell the difference between them and the real ones even after the shopkeeper picked out the fake note.