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Thread: It breaks 3.8

  1. #751
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    Found RM Vs HKD trading rate in Hong Kong.

    Buy RM... $2.28
    Sell RM..... $1.52

    Big difference

  2. #752
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    Quote Originally Posted by Naka View Post
    Found RM Vs HKD trading rate in Hong Kong.

    Buy RM... $2.28
    Sell RM..... $1.52

    Big difference
    I think the difference is influenced by the demand of the currency. I would say it is not bad you are able to find money changer/trader in HK that want to buy MYR.

    I always bring along some USD notes when travelling. When I wanted to change Japanese Yen at the bank and post office in Sapporo recently, they only accept USD, British and Renminbi, not MYR.

    Looking at the trend of MYR now in which it is not easy to change MYR to Japanese Yen from the money changers here, I would have to bring Renminbi and USD and change at the post office there next month...

  3. #753
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    Quote Originally Posted by Speeg View Post
    I think the difference is influenced by the demand of the currency. I would say it is not bad you are able to find money changer/trader that want to buy MYR.

    I always bring along some USD notes when travelling. When I wanted to change Japanese Yen at the bank and post office in Sapporo recently, they only accept USD, British and Renminbi, not MYR.

    Looking at the trend of MYR now in which it is not easy to change MYR to Japanese Yen from the money changers here, I would have to bring Renminbi and USD and change at the post office there next month...
    Actually I asked the money changer if she wants RM.

    She said "yes", so RM is still in demand in H.Kong.

    RM to USD is something like $4.30

  4. #754
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    I don't mind the loss or gain in currency exchange, I will use card whenever I can but sometimes there is no choice as not everything can be settled by card.

    I will go to specific supermarket and convenience store that accept credit card, even it is only for a few can of beers.

  5. #755
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    Back to the interest rate in US, currently it is 0.25% to 0.5% !!

    I can't imagine what will be the impact to the regional currencies and the equity markets when the rate is above 1% !!

  6. #756
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    Quote Originally Posted by Speeg View Post
    I don't mind the loss or gain in currency exchange, I will use card whenever I can but sometimes there is no choice as not everything can be settled by card.

    I will go to specific supermarket and convenience store that accept credit card, even it is only for a few can of beers.
    My CC is only for buying air tickets n hotels.

    Once I used my CC in a hotel in Ipoh n the next thing, it was cloned

  7. #757
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    Quote Originally Posted by Naka View Post
    My CC is only for buying air tickets n hotels.

    Once I used my CC in a hotel in Ipoh n the next thing, it was cloned
    Mine was cloned before in KL, long time ago like 10+ years !!

    I believe it is not easy nowadays. So far, never had any bad experience in overseas..

  8. #758
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    Quote Originally Posted by Speeg View Post
    Mine was cloned before in KL, long time ago like 10+ years !!

    I believe it is not easy nowadays. So far, never had any bad experience in overseas..
    That was in 2007 when a young man in a hotel in Ipoh wiped my CC twice & 1 week later, the cloned c. card was used in Indonesia. I didn't know it until my Bank called.

  9. #759
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    This morning's Maybank TT counter rate for USD is 4.40
    " In the land of the blind the one eyed jack is king."

  10. #760
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    I spoke with a few of those who need to do a forecast on USD/MYR exchange rate..

    Almost all are in the opinion that in the next 3-6 months, it is 4.50 to 4.80..

  11. #761
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    Just now on my way to office, I heard the radio DJ said money changers in Singapore ran out of Ringgit for exchange. There are nearly 500K Malaysian workers cross the border everyday to work in Singapore.
    I guess the appreciation of SGD against MYR is a small amount of reward for the time and effort they sacrificed.
    Last edited by HTCHONG; 15-11-2016 at 08:04 AM.
    有才而性缓定属大才,有智而气和斯为大智.

  12. #762
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    Quote Originally Posted by HTCHONG View Post
    Just now on my way to office, I heard the radio DJ said money changers in Singapore ran out of Ringgit for exchange. There are nearly 500K Malaysian workers cross the border everyday to work in Singapore. I guess the appreciation of SGD against MYR is a small amount of reward for the time and effort they sacrificed.
    These are the positive-minded and hard-wrking ones... They are the ones who don't complain and complain and complain about the living costs here day and night, they take the initiatives to endure hardship of commuting between JB and Singapore, wake up as early as 4.30am and reached home after 9pm.

    They are also the neglected ones as a result of the Singapore labour policies. Among these 500,000 Malaysians, how many of them are PR ?

    If they are not PR, they are not entitled for CPF ? They may earn more now as a result of SGD conversion but how about their retirement fund at old age....

    These 500,000 folks are just cheap labour to Singapore economy, nothing more than that (just like the hundreds of thousand of bangla here..)

  13. #763
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    The herd mentality is playing out again. You can do the reverse. Those with money and guts can take advantage of the situation to prosper.

    Some have money but no guts. Others have guts but no money. God help you if you have neither.

    But there are no guarantees in life. You put your money where your mouth is and take your chance.
    " In the land of the blind the one eyed jack is king."

  14. #764
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    Things wil go back to normal, there is no doomsday, there is a likely slow down and a recession. So traditional wisdom stays. US will still be top gun, properties is not about to halve its value, you will still accept MYR for your salary and the CKT man will still accept your shringgit for his skills. If you have cash, then time to wait and catch your fish. This is called the rat race, there will still be politicians asking the bank to print and pay all the rats to work so that the rulers stay status quo.

  15. #765
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    1 USD = RM $4.48 today?

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