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Malaysia Ringgit Exchange Rate


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open a msia myr$ account

use spore MC to remit money over ... remit exchange rate is normally higher

with online service ... you can check your balance or transfer myr$ to other account or person

withdraw money in msia thru ATM

Edited by Wt_know
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Turbocharged

went to city square johor today, 2.56 for both money changers

 

I notice shopping malls always give minimal rates. I swear never to change there, unless emergency.

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i use CIMB bank... open SG account than go there withdraw from ATM... no admin fee.. and rates are usually just slightly lower than Arcade money changer rates but higher than JB advertised rate even for weekends

 

If you open a CIMB MY Account and transfer via CIMB SG Internet Banking is even better rates and there is no charges and funds also immediately available...I am doing this instead of using the ATM card. Rates today 2.6147.

 

Arcade - 2.605 (Super long line at Arcade today)

Mustafa - 2.598

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will the e-transfer tell you the rates before you decide to transfer or only know the rate after transferred?

 

this is really good man ... [thumbsup]

 

 

If you open a CIMB MY Account and transfer via CIMB SG Internet Banking is even better rates and there is no charges and funds also immediately available...I am doing this instead of using the ATM card. Rates today 2.6147.

 

Arcade - 2.605 (Super long line at Arcade today)

Mustafa - 2.598

 

Edited by Wt_know
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will the e-transfer tell you the rates before you decide to transfer or only know the rate after transferred?

 

this is really good man ... [thumbsup]

 

 

Yes...they will show the rate that will be applied...today 2.6161...arcade raffles 2.605 still

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Today Arcade Crown Exchange M$ rate 2-61 already!! Long queue

 

What some of us predicted that it will improve/find its level looks like coming true :D

Edited by Spring
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Supercharged

the last time i was there, i was asked to enter their private rm n they informed me that i can call and pre-book. no need Q but above S$10k n not sure if the limit is the same for MYR.

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the last time i was there, i was asked to enter their private rm n they informed me that i can call and pre-book. no need Q but above S$10k n not sure if the limit is the same for MYR.

 

For wholesale amounts, the bigger MCs like Crown Exchange do provide rooms for security reasons and yes you can confirm a rate over the phone and then bring it down later but must be same day.

 

That said, you must be a regular else they may not entertain you over the phone cos to be fair, some guys just call, book and never turn up and this upsets their position/projection.

The big MCs are like a bank dealing room!!

 

And BTW, for remittances to Malaysia, you get the best rates at the MCs with just a token service charge but not too long ago i heard they had some problems with their agent on the Malaysian side so not sure if still can do. My cousin who has a property in JB paid for his progressive payments through MC. He used Raffles MC.

Edited by Spring
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Today Arcade Crown Exchange M$ rate 2-61 already!! Long queue

 

What some of us predicted that it will improve/find its level looks like coming true :D

RM262 at Gelang Patah today. The shop near the bus station.

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RM262 at Gelang Patah today. The shop near the bus station.

 

Yah bro, heard Malaysia side is better since last week but normally here better.

Thks for the info!!

 

My colleague make noise, just yesterday change S$5k at 2-606, now 2-61 at Arcade and he also just heard Malaysia side better so regret never change in Malaysia cos he going in anyway.

Can't win them all I suppose.

Edited by Spring
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Yesterday change at bt indah area ... rate is rm 2.625 !!

Bro, can give the exact name n place pls cos friend going in n that rate is really good. Changing few k, thks!! In fact he stays in bt indah.

Edited by Spring
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I don't know the actual address. It those shops opposite aeon mall / facing the big round about. The money changer is just next to a popular pastries shop famous for their "pong-piah"

 

Hope this help

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