Malaysian Ringgit rate update

[soicowboy]

Originally Posted by nitecrawllerr

Any idea why is it so? Doesnt make sense? No ringgit stock?

Even TT fm money changer to msia bank a/c also very low. Like 2.45

Next week will be even more low.
I asked the money changer why is it so.... she not happy reply me. "why cannot? everyone is doing the same thing."

[Lone_Wolf]

Today's rate damn shitty.... 2.41

[AtlasShrugged]

Originally Posted by Lone_Wolf

Today's rate damn shitty.... 2.41

Yes. They press down the rates....

[soicowboy]

Originally Posted by Lone_Wolf

Today's rate damn shitty.... 2.41

Was told they will press till 2.36 on the eve of CNY.... i'm not sure..will see..

[diputs1269]

Originally Posted by AtlasShrugged

Yes. They press down the rates....

Can they suka suka gang up to press down the rate?

[soicowboy]

Originally Posted by diputs1269

Can they suka suka gang up to press down the rate?

i think so.. the actual rate is 2.51 but they only offer 2.41 max.

[AtlasShrugged]

Originally Posted by diputs1269

Can they suka suka gang up to press down the rate?

Well....Malaysia Boleh....
Even SG side affected by them...
Using credit card / Atm machine might be better...unless the banks there also....

[robokin]

Johor Bahru, Jln Tebrau, near Esso, 1.30pm, 2.42.

[AtlasShrugged]

Northpoint RM 241.50

[Hawthorns]

Originally Posted by AtlasShrugged

Yes. They press down the rates....

That's because a lot of Malaysians working overseas are going back for the CNY and are changing into ringgits causing a shortage of notes..... therefore the low rate is to discourage people from changing more than necessary.

If you are not in urgent need of ringgit I suggest that you wait until after the CNY when these same Malaysians return to work overseas and dump their ringgits.... the reverse will happen and rate could go up as high as 2.50

Last weekend my money changer friend asked to borrow my ringgits because demand was super high and he could not get any supply from his sources. He knew I had stock of ringgits as I had changed SGD$10K from him when the rate was 2.50 a few weeks ago.

[Goatslooter]

if no need Ringget at this time don't change now? lose out a lot! after CNY then change?

[Hawthorns]

Originally Posted by Goatslooter

if no need Ringget at this time don't change now? lose out a lot! after CNY then change?

NOW - Sgd $1000 x 2.41 = RM$2410

After CNY - Sgd $1000 x 2.50 = RM$2500

Which one you will choose?

[darth.vader]

rate today at JB sentral: 238.2 (official), 240 (best rate we squeezed out of the indian money changer)...cui...

[AtlasShrugged]

Originally Posted by Hawthorns

NOW - Sgd $1000 x 2.41 = RM$2410

After CNY - Sgd $1000 x 2.50 = RM$2500

Which one you will choose?

RM90 = 1+hr massage ..

[owl888]

Last week was 2.45, today at JB only get 2.42.....dunno how low can it get