Ringgit Rate

Tituman wrote:

JonL_TK wrote:

So would it be a good time to change ringgit to sing dollar?

If they quote you around 2.40 go ahead man. Opportunity knock but once. Try to do it this way. Ask them what is the rate for buying RGT. IF they quote you low, just pretend..wah so low ahh... then I snell you RGT you give what rate?? Hope one kuai lan one quote you low also then YOURRRRSSSSS.......... That day at Amex counter the girl yaya papaya. Quote me both ways at 2.40 knowing I don,t have RGT to sell to her. Damm, if have sell her cash 5 Million and go and cover spot at 2.50. Make half million RGT if thats the case. Don,t have to work for a year..kekekekke Wish during my dealing days got such stupid spread differential.

Titu...

I have a small corner we can set up a stall, just buy sell myr...

chien wrote:

JonL_TK wrote:

So would it be a good time to change ringgit to sing dollar?

The spread is elephant Jon... heard about 300 pips between bid/offer... And the problem is after buying Sgd whether can change back...

Think we can do a deal online here... who wanna sell their ringgit to our bros here who need it ? we fix at mid rate la....


p/s: imho sgdmyr will drop back eventually...

I think Jon has a regular inflow of RGT thru his Malaysian biz and he will be a natural seller of RGT against Sing. Don,t think he is a speculator.

@Jon.. make sure you got the big figure correct Jon, if it is low nearer the 2.40..by all means sell off the RGT. Don,t think RGT going to rally anywhrere near term as Election grows nearer and I don,t think the ruling party is going to do well. That will naturally weaken the RGT. So now if some money changers quote you out of line, especially now there is some so call shortage, just sell them the RGT. But again I like to make sure you got the big figure correct. Don't end up selling at 2.50 instead of the lower 2.40 okie??? Good luck bro and Happy New Year..

titu

chien wrote:

Tituman wrote:

JonL_TK wrote:

So would it be a good time to change ringgit to sing dollar?

If they quote you around 2.40 go ahead man. Opportunity knock but once. Try to do it this way. Ask them what is the rate for buying RGT. IF they quote you low, just pretend..wah so low ahh... then I snell you RGT you give what rate?? Hope one kuai lan one quote you low also then YOURRRRSSSSS.......... That day at Amex counter the girl yaya papaya. Quote me both ways at 2.40 knowing I don,t have RGT to sell to her. Damm, if have sell her cash 5 Million and go and cover spot at 2.50. Make half million RGT if thats the case. Don,t have to work for a year..kekekekke Wish during my dealing days got such stupid spread differential.

Titu...

I have a small corner we can set up a stall, just buy sell myr...

Bro must get license from gahman first. Otherwise, profit also can't pay for the fine ha ha.

My pay in Ringgit... so need to change to SGD sometimes...
I don't mind changing for a fair spread...

TDO wrote:

Technospaz wrote:

Not sure if it's been said, but do NOT change in JB. The rate is always worse in JB than it is in Singapore. Change in SG.

I heard from relatives in JB that it's also more dangerous to carry cash around, especially near the money changers. No, the robbers won't rob the money changers but the people who went there, Singaporeans especially.

This, I also heard before. Especially the few changers outside the custom? Because the road in is one way. They just block your exit and that's it.

say change S$1000...

rate at 2.45 at mysia side.... u get RM$2450

rate at 2.40 at spore side.... u get RM$2400



if u are too worried abt safety.... dun u think RM$50 diff is justifiable





unless change S$100K.... but y carry 100K to JB

Slinger, you've hit the nail on the head.

Many a time, we (myself included) grumble about the rate. Too low... not enough... can get higher rate purllleeease???

Then, we change S$200.

The difference is a couple of ringgit. May not even be enough for an Ice Blended from CBTL. But we fight tooth and nail for the .1 or .2 more!

Hi Guys;

I also work in JB and get paid in Ringgit. Will have a few thousand Ringgit available for change at mid-rate if you guys are interested. PM me.

PS... exchange in SG safer for all. I live on the east side and am only in SG on the weekends. Also, SGD 400-1000 per transaction please. too small waste time, too big also very risky.

I agree 100% with Slinger. Unless we are changing by the tens of thousands or more, don't bother with the different.

But that is why the rich always get richer because they calculate every cents to their advantage. Titu is one great example.

Today at golden mile complex. 2.426

slinger wrote:

say change S$1000...

rate at 2.45 at mysia side.... u get RM$2450

rate at 2.40 at spore side.... u get RM$2400



if u are too worried abt safety.... dun u think RM$50 diff is justifiable





unless change S$100K.... but y carry 100K to JB

+50

What makes you guys think our friends here are not talking about tens or hundreds of thousands ??



The difference could be a couple of thousand dollars...

chien wrote:

What makes you guys think our friends here are not talking about tens or hundreds of thousands ??



The difference could be a couple of thousand dollars...

if thats the amount.... go bank n change lor

no reason to bring such cash to moneychanger leh...

i also doubt moneychanger got tens or hundreds of thousand...


i rather lose a couple of thousand than worried abt a knife or gun pointing at me

nutty88 wrote:

I agree 100% with Slinger. Unless we are changing by the tens of thousands or more, don't bother with the different.

But that is why the rich always get richer because they calculate every cents to their advantage. Titu is one great example.

$%#@&%$^!
Dean got $8 to lend boh? Need to buy a pair of slipper for the new year leh....

titu

never step on your tail and you come out of nowhere and bite my ear....

slinger wrote:

chien wrote:

What makes you guys think our friends here are not talking about tens or hundreds of thousands ??



The difference could be a couple of thousand dollars...

if thats the amount.... go bank n change lor

no reason to bring such cash to moneychanger leh...

i also doubt moneychanger got tens or hundreds of thousand...


i rather lose a couple of thousand than worried abt a knife or gun pointing at me

Slinger, you did not read the article whereby a money changer got killed behind the stairs at Collyer Quay ah? Those guys were trading currency in cash worth hundreds of thousands against each other. Not kidding!! Its their own private market.

slinger wrote:

say change S$1000...

rate at 2.45 at mysia side.... u get RM$2450

rate at 2.40 at spore side.... u get RM$2400



if u are too worried abt safety.... dun u think RM$50 diff is justifiable





unless change S$100K.... but y carry 100K to JB

+100..... I was like WTF, just changed wherever was convenient when I travelled....so usually at the airport!

Derek wrote:

Rate in KL not good as well ... below 2.4 in the 2 shopping centers I have seen so far

Check out Mid Valley and Tropicana Mall; heard offer better rates.

Tituman wrote:

Slinger, you did not read the article whereby a money changer got killed behind the stairs at Collyer Quay ah? Those guys were trading currency in cash worth hundreds of thousands against each other. Not kidding!! Its their own private market.

Bro, however the money changer did his biz, not my problem....

I just know I won't be carrying tens or hundreds of thousands to change when my bank can do it for me.....

Money invite problems....

Maybe that's why that money changer got killed....

slinger wrote:

Tituman wrote:

Slinger, you did not read the article whereby a money changer got killed behind the stairs at Collyer Quay ah? Those guys were trading currency in cash worth hundreds of thousands against each other. Not kidding!! Its their own private market.

Bro, however the money changer did his biz, not my problem....

I just know I won't be carrying tens or hundreds of thousands to change when my bank can do it for me.....

Money invite problems....

Maybe that's why that money changer got killed....

Bro my reply was a reflex action when you said this .....'" ......

"..no reason to bring such cash to moneychanger leh...

i also doubt moneychanger got tens or hundreds of thousand..."

For your info if you bring cash 100k or more and wants to buy certain currency during normal time, not in situation like right now when rates are against them, they will accomodate you but ask you to wait. They may not have the amount right in the booth, but they will go to thier source to get it. I know this because my ex colleague went into this biz when he left the bank.
Happy New year to you and family bro ....

titu

just went in for a game at palm villa, rate in bt panjang (2.39) and in JB (2.38)...

Just changed Ringgit today. Rate is 2.43

my malaysian friends all tell me, the rate in sg is always better compared to JB. But if not a lot it's doesn't matter. If your changing amount is huge, I'm sure some of the big money changers like mustapha will have.

Tituman wrote:

slinger wrote:

Tituman wrote:

Slinger, you did not read the article whereby a money changer got killed behind the stairs at Collyer Quay ah? Those guys were trading currency in cash worth hundreds of thousands against each other. Not kidding!! Its their own private market.

Bro, however the money changer did his biz, not my problem....

I just know I won't be carrying tens or hundreds of thousands to change when my bank can do it for me.....

Money invite problems....

Maybe that's why that money changer got killed....

Bro my reply was a reflex action when you said this .....'" ......

"..no reason to bring such cash to moneychanger leh...

i also doubt moneychanger got tens or hundreds of thousand..."

For your info if you bring cash 100k or more and wants to buy certain currency during normal time, not in situation like right now when rates are against them, they will accomodate you but ask you to wait. They may not have the amount right in the booth, but they will go to thier source to get it. I know this because my ex colleague went into this biz when he left the bank.
Happy New year to you and family bro ....

titu

okok...

my point is "try not to bring such cash with u at anytime unless otherwise"

Happy New Year to you n your family too....

Here was what I used to do....for security reason purpose only
1) Open an acct in Mal
2) Find A trusted money changer; regardless where they are located I.e. Mal or Spore
3) Money Changers have many accounts in many banks, both locally and internationally
4) You wire your SGD to the Money Changer
5) Money Changer will then wire money to your acct in Mal

Simple and safe!