Re: Chinese RMB rates..
 

" RMB start to weaken "

Thought we all want a weaker RMB, mean 1SGD= more RMB or a higher SGD/RMB:confused:


When u was in China, the rate was around4.40/4.45 only, hence RMB did weaken slightly after u back.:D

In fact someone has posted last night it was as high as 4.58, till you posted that u not spending in SGP. :p See u really the (Cash)king, mere words move the market even Pualson cannot....:p

Re: Chinese RMB rates..
 

it's 4.5682 on yahoo now

Re: Chinese RMB rates..
 

So u need to spend more in SG to bring the economy up mah.....:D

Re: Chinese RMB rates..
 

Knn, cash king...Dun get me involve hor.....hahaha..

Re: Chinese RMB rates..
 

aiyah ... we bro bro ... how can i leave u behind ... :D :D

Re: Chinese RMB rates..
 

ya lor, only both of u can move the money market wif you 2s influence mah

Re: Chinese RMB rates..
 

which money changer. Most money change quoting 4.35-4.4 though the real foreign exchange is around 4.56-4.58.

Just 6 months ago I changed in Shenzhen luohu at 4.85. Any Bro know the current rate in shenzhen or Hongkong. Or anyone tried visa / mastercard to pay. I believe will be a better rate.

Re: Chinese RMB rates..
 

"Chances are that u will even less spending power in China
Chances are that u will be exposed as a real cheapskate trying to howlian in China
I can throw RMB5k within 2 days, can u?
Zhuhai has no place for cheapskates like u
They welcome only generous and rich Singaporeans especially so when we are also successful in our careers and have real spending power"

well bro. adidas RMB5k in two days is nothing right? We have tried RMB13k in one night right? ....ha ha.:p

Re: Chinese RMB rates..
 

bro jacky ... we r suppose not to talk abt it or let anyone know ...:mad:

13K rmb in one night ???... :eek:..... i thought it was 16K rmb ...
u must have forgotten the mommy tips .....:)

Re: Chinese RMB rates..
 

Look who is talking.....THE CASH KING..........:D

Re: Chinese RMB rates..
 

if i am CASH KING ... then bro jacky is CASH GOD .....:D :D

Re: Chinese RMB rates..
 

The pot calling the kettle black. :D

Re: Chinese RMB rates..
 

ｗｅ　ｈａｖｅ　４　ｃａｓｈ　　ｋｉｎｇ，　ｎｏｗ　ａｄｄ　ｘｒ２９　ａｎｄ　ｊａｃｋｙｔｈｅｍａｎ ，　ｓｏ　ｇｏｔ　６　ｃａｓｈ　ｋｉｎｇ　ｌｉａｏ．．．ｈａｈａｈｈａ

ｃａｎｔ　ａｇｒｅｅ　ｗｉｔｈ　ｕ　ｍｏｒｅ．．．ｔｈｅｙ　ｇｏｔ　ｔｈｅ　ｐｏｗｅｒ． ．．

Re: Chinese RMB rates..
 

knn, he promoted to CASH GOD liao lah :eek:

Re: Chinese RMB rates..
 

Now only u are supporting the RMB. The moment u back in Singapore, RMB is going down down down:p..........



China’s Exports Decline for First Time in 7 Years (Update2)

“The figures are horrifying,” said Lu Zhengwei, chief economist at Industrial Bank Co. in Shanghai. “Plunging imports show that on top of faltering global demand, domestic demand is also shrinking as the economy cools.”

The yuan closed at 6.8633 against the dollar at 5:30 p.m. in Shanghai, from 6.8601 before the data was released.

Imports fell by the most since at least 1995, when Bloomberg data began, as commodity prices declined and weakness in manufacturing and construction cut demand for raw materials. The previous decline was seven years ago.

Global Growth

China’s exports quadrupled after the country joined the World Trade Organization in 2001, helping to make it the fastest-expanding major economy and the biggest contributor to global growth.

In October, exports rose 19.2 percent and imports climbed 15.6 percent. None of 18 economists surveyed on exports and 17 polled on imports predicted a decline in November.

“These are absolutely dreadful numbers,” said Mark Williams, an economist with Capital Economics Ltd. in London. “It will stoke speculation that the government will force a depreciation of the yuan. Further cuts in interest rates are pretty much inevitable.”

Re: Chinese RMB rates..
 

In view of current china economic situation ..
the chinese government will and have no choice but to devaluate the yuan to make it competitive ...
thus i believe yuan will get soften in the next few wks ...
but S$ is also depreciating thus US$ is a good currency against the yuan ...

my 2 rmb sense

Re: Chinese RMB rates..
 

Hopefully, yuan will depreciate faster than S$..hope will see S$1 = rmb5.8like the good old days....(X'mas Wish):p

Re: Chinese RMB rates..
 

problem is S$ is also weak thus against rmb ...
there;s not enough support ...:(
will be fantastic if it reaches 4.8 ...:)

Re: Chinese RMB rates..
 

bro i wish u ur x'mas wish come true....:D

Re: Chinese RMB rates..
 

santa claus is not cuming to town ... :( :(

Re: Chinese RMB rates..
 

Latest news from Reuters.

SGD strenghten sharply today on strong demand by CK. Trading now at 1.4900 from 1.53 last week. If this strong spending continue, Santa Claus is coming to town and economist are expected to revised sharply the growth forecast next year to + over 10% in 2009.


:p

Re: Chinese RMB rates..
 

SG growth forecast at + over 10% in yr 2009 ??:confused:
will be too optimist to believe it can happen ...
SG will be lucky if they can achieve any growth in 2009 ....

Re: Chinese RMB rates..
 

Last night People's Park Center 4.566

seems like its getting better a bit. But i really doubt it will return to 1:5 anytime sooner.. sigh :rolleyes:

Re: Chinese RMB rates..
 

maybe 4.8-4.9 shall be feasible.

Re: Chinese RMB rates..
 

4.7 already considered very the good for me liao. :D

Re: Chinese RMB rates..
 

4.8 - 4.85 will the technical support if it ever gonna reach there ... :)
dun think china government will let it currency depreciate too much ..

Re: Chinese RMB rates..
 

true to speak,be it 4.4 or 4.8 or even go back to 5, i am sure all bros here still go and cheong, only fact is we have one bonking less, one foot massage less, or even but less gift for kc...of coz is good the the rate can even go back to 5 which is very unlikely were happen in near future...
if the rate is 4.5, then we have to budget abit to cheong unlike good old days.But never the less, let hope our x'mas wish come ture===1 is to 5 rate:D

marry x'mas to bros....:D

Re: Chinese RMB rates..
 

KNN ... u talk and talk like u never talk at all ... :mad:

Re: Chinese RMB rates..
 

To cheong budgetly is not in CASH KING's dictionary. Even if the rate is 3.5 the status quo stays the same. His cheonging habits and generous tips to MM will remain the same ok! :D

You buddy buddy with him for so many trips liao still don't understand him meh? :rolleyes:

Re: Chinese RMB rates..
 

aiyah ... he hopeless one lar .... :mad:
yes .. cheong budgetly is not my style but that doesn't mean u cannot spend wisely .... :)
tips will remain the same ... 100rmb in china still remain 100rmb regardless what's the foreign currency exchange rate is ... so why punish the meimei's becoz our currency get weaker ?? :)