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-   -   Chinese RMB rates.. (https://samleong.work/showthread.php?t=92972)

besafe 03-12-2011 10:29 AM

Re: Chinese RMB rates..
 
I am sure it will. And I think it will be soon. Going to motherland next week.

Panda05 03-12-2011 10:32 AM

Re: Chinese RMB rates..
 
Damn.. got No money that time, RMB rate 5.2x... Now got Money to change.. RMB rate is 4.8x..
Why ???

CumExplorer 03-12-2011 10:38 AM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by pete_the_fish (Post 6630673)
Just pray the Dow jones industrial index continues to do well and you can change more RMB. :D

DJ index has nothing to do with the RMB rate right :rolleyes:

Quote:

Originally Posted by storm (Post 6630901)
It may go up to 5.0 for a short while but I doubt we will see the 5.2-5.3 rate again :(

Looking for the 5.0 now, thanks hehe

smartke 03-12-2011 10:43 AM

Re: Chinese RMB rates..
 
sigh.. wif the current xchg rate, need to do 'distribution investment' liao... :(

Glary 03-12-2011 12:12 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by smartke (Post 6631596)
sigh.. wif the current xchg rate, need to do 'distribution investment' liao... :(

bro how to do 'distribution investment' ? everywhere also lose, more or less :rolleyes:

smartke 03-12-2011 12:47 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by Glary (Post 6632031)
bro how to do 'distribution investment' ? everywhere also lose, more or less :rolleyes:

lol...

well, my way of 'distribution investment' is most stupid way of doin it.

early last yr, the rate was quite low, think somewhere ard 4.75 if i rem correctly. when it wen up to 4.85, i start to chg wif sgd 500 - 1k, till it goes up to 4.95 then i stop, cos my resource depleted. :o

the only thing i sort of benefited frm my way is, it hlps me savin $$$ :p cos everytime i chg my sgd into rmb, i will less sgd 500 - 1k frm my bank a/c for oth things, & i wun chg it bk to sgd, knowin tat i will lose even more. ;)

storm 03-12-2011 02:23 PM

Re: Chinese RMB rates..
 
i was around Suntec and Cityhall this morning, money changer rate is 4.90

pete_the_fish 03-12-2011 03:12 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by CumExplorer (Post 6631575)
DJ index has nothing to do with the RMB rate right :rolleyes:



when the stock market plunge , you see whether you can change more or less RMB lor. :D

keke 03-12-2011 03:34 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by pete_the_fish (Post 6632783)
when the stock market plunge , you see whether you can change more or less RMB lor. :D

ya when the stock market plunge, think mas will depreciate the S$ then

IceRed 03-12-2011 03:36 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by indonchicken (Post 6630089)
when can the rate shoot back to 5.3??:(

hope it goes back to 5.3 again. must change more this time.

adidas88 03-12-2011 04:10 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by pete_the_fish (Post 6632783)
when the stock market plunge , you see whether you can change more or less RMB lor.

when the stock market plunge ... why u want to change rmb ???
money is king at that time and buying cheap stocks benefits more than rmb ...

pete_the_fish 03-12-2011 04:16 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by keke (Post 6632912)
ya when the stock market plunge, think mas will depreciate the S$ then

when the stock market plunge, especially the US, USD will go up, SGD will come down = exchange less RMB when using SGD. check the charts and you can see a correlation.

adidas88 03-12-2011 04:17 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by pete_the_fish (Post 6632783)
when the stock market plunge , you see whether you can change more or less RMB lor.

when the stock market plunge, CASH is king ....
why buy rmb at that time when u can benefit more from cheap stocks ??

pete_the_fish 03-12-2011 04:22 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by adidas88 (Post 6633037)
when the stock market plunge ... why u want to change rmb ???
money is king at that time and buying cheap stocks benefits more than rmb ...

i want to buy RMB because I want to go Chang ping cheong lah. buy and keep for what???? :p

for those who needs to change RMB just have to take note and time their exchange for RMB to get the best bang for their SGD buck.

nowadays the exchange rate can change alot day to day due to the volatile stock market.

smartke 03-12-2011 04:34 PM

Re: Chinese RMB rates..
 
m a financial idiot... :o but managed to learn some financial stuffs frm tis thread. cool...


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