Re: Chinese RMB rates..
 

Just wondering how People Park money-changer exchange rates from SGD to RMB :confused: from remittance purpose :p

Re: Chinese RMB rates..
 

Remittance usually has more attractive exchange rate, do note they have not factor in the service charge yet. It depend how much you remit. I remitted SGD3,600 to USA. It costs me another SGD30 for service charge. That was handled by my friend working in CitiBank. You may expect to pay more outside.:eek:

Re: Chinese RMB rates..
 

Thank bro .. that Hang Seng Bank (PRC) in People Park charges $20 per transaction of remittance (TT).

The RMB rates should be fixed for the day regardless how much we remit :confused:

Re: Chinese RMB rates..
 

money remitance agents
charge 15-18 $ per time
rate is about 200pts beter then cash rate at money changer
eg.money change 4.80, remit agent 4.82
agents at peoples park 2nd floor...go where u see crowds
money deposited into accounts 1-2 days

if scared of agent running away
go icbc charges 20$

Re: Chinese RMB rates..
 

wah...some relief...rate getting slightly better now. At least not in the 4.7 region. Now at least 4.8. Anyone hear of better rate? Whats the latest and where?

Re: Chinese RMB rates..
 

Jurong point 2409-1400hrs
100 -- 473 rmb

Re: Chinese RMB rates..
 

the rates for the china rmb is going back to 5
i had monitor the amount for the past week, the rates is rising, from 4.58 to 4.62 then 4.68 then 4.72 and today 4.80.
the rates is getting better

Re: Chinese RMB rates..
 

Thank God .. hope SGD appreciate against RMB & hopefully back to 1:5 rate by Dec :p

Re: Chinese RMB rates..
 

... :eek: ... if it hit 1:5 ... then must break my bank and change to rmb ...
but my bank onli have $10 ....:(

Re: Chinese RMB rates..
 

Tks for the update! ups you! pls continue to update this if you can...really appreciate it:)

Re: Chinese RMB rates..
 

Start saving up now.. I may be travelling to China in Dec08. So RMB depreciates in coming months is a good thing for us :D

Let mi forecast by 20th Nov 2008 hope the rates is SGD1 : RMB5.2

Re: Chinese RMB rates..
 

Must like you CASH rich :)
All transaction in cash. :D

Re: Chinese RMB rates..
 

of cos, that why he live up to he name :adidas. It a international name hor....dun play play....:D

Re: Chinese RMB rates..
 

Sorry bro ..mi guess you must be asset-rich :D

Re: Chinese RMB rates..
 

... :eek: ... bro, like that u can buy forex futures and make a fortune ...

Re: Chinese RMB rates..
 

No lah ..mi dun speculate on those spot rates, forward rates or options :confused:

Re: Chinese RMB rates..
 

asset rich is not so favourable during downturn ..
liquid asset is better ...:D

Re: Chinese RMB rates..
 

... :D .. becoz u forecast it will hit 5.2 in nov mah ... :D

Re: Chinese RMB rates..
 

But ur safe box full of gold bars, USD, SGD10000 notes.:eek: hahahaha:D

Re: Chinese RMB rates..
 

bro ... u also cum here and ka ciao ka ciao ...
i thought u r stuck in dandok and bkk onli ....:D

Re: Chinese RMB rates..
 

Planning to learn & cheong with sifu adidas88 in ca, cp & zh next year:D. Don't know whether he welcome me or not:confused::rolleyes:

Re: Chinese RMB rates..
 

Last time, I see is the safe box (Cupboard Size) only full of SGD1000 notes.

So fast, all change to SGD10000 notes :eek:
Inflation :confused:

Re: Chinese RMB rates..
 

Oh I see .. in my financial philosophy fixed assets like houses do appreciate over time even during downturn but then cash in bank will depreciate in real value due to inflation. So you are likely to be a winner in the end :D

Then you should opt for 2 months forward rates :p for RMB to depreciate against SGD

Re: Chinese RMB rates..
 

Today (26 Sept) changed some RMB, the rate is nose bleeding, only 4.75. Bo pian, going to the PRC on Sat. Was hopping the rate will at least improve to 4.8x, am going to change and keep some under my pillow when it hit at least 5.00:mad:

Location: Raffles Place, Change Alley
Shop: Hassan and Son on Level #02

Re: Chinese RMB rates..
 

bro .. r u kidding ... me will welcome u with open arms and open legs ...:D
but just dun call me sifu ... me still grasshopper ...


totally agreed on fixed assests like houses ...
actually me r refering to assests like shares, cars, expensive watches or items ... when economy u-turn southward ... everything free fall ... bad bad ...

actually it's not a good time to go to money changer on eve of holiday, fri, sat & sun ... the rates r pretty bad ...

Re: Chinese RMB rates..
 

today at people park. ask around. best rate given was 4.725

don't go novena sq. asked in the morning was 4.72 but evening quote me 4.68 :mad:

Re: Chinese RMB rates..
 

The remittance rate was 4.775 on Sunday afternoon - Hang Seng Bank 2nd floor, People Park Complex.

Re: Chinese RMB rates..
 

This outlet is very popular .... and they ensure the recipient get the money by end of the day if send by 12 noon.

Re: Chinese RMB rates..
 

Yes ..saw a lot of PRC workers here remit SGD1,000 to SGD2,000 back home & also heard the rates in Hang Seng Bank is good :p

Re: Chinese RMB rates..
 

Wow, that is fast. Is that just normal or express service??