It is no secret that our ringgit is getting stronger but the strange thing is that why is our money changers not giving us whats due....
When the ringgit was pegged to the USD, we had at least manage to buy our USD at 3.82 and sell the excess at 3.78 which was effectively a 4 sen loss/difference.
Now with the free float of the ringgit, it seems that the moneychangers have gotten from bad to worst... not only has the exchange rates not reflect the true value but the difference between buy/sell has widen to 10sen. It may not seem much but imagine if you have to go thru a few thousand ringgit... it adds up!!!
The other thing that bothers is the lack of documentation for the transactions done... imagine the possibility of money laundering! Even India and Indonesia requires generated receipts for all transactions..
Btw, do y'all know any moneychanger that is reliable in USJ - please share/recommend... thanks