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

adidas88 03-12-2011 04:44 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by pete_the_fish (Post 6633083)
i want to buy RMB because I want to go Chang ping cheong lah. buy and keep for what????

liddat u go to cp only when DJI plunge ???
Quote:

Originally Posted by pete_the_fish (Post 6633083)
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.

those who travel to china often ... use bro smartke "distribution investment" method ....
change rmb whenever the rate is favorable ... set a benchmark ... said 5.0 ...
so when ever it hit 5.0 ... change some .. after a while, u'll have enough rmb to go china regardless what's the current rate ... :)

prcsytlover 03-12-2011 04:53 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by adidas88 (Post 6633182)
liddat u go to cp only when DJI plunge ???

those who travel to china often ... use bro smartke "distribution investment" method ....
change rmb whenever the rate is favorable ... set a benchmark ... said 5.0 ...
so when ever it hit 5.0 ... change some .. after a while, u'll have enough rmb to go china regardless what's the current rate ... :)

Aiyo.. Why bother..

我们人是永远也不会了解咸鱼的想法的。

近猪者臭,近鱼者腥!

admirer09 03-12-2011 04:53 PM

Re: Chinese RMB rates..
 
4.91 at golden mile

香香很烦 03-12-2011 04:54 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by adidas88 (Post 6633182)
change rmb whenever the rate is favorable ... set a benchmark ... said 5.0 ...
so when ever it hit 5.0 ... change some .. after a while, u'll have enough rmb to go china regardless what's the current rate ... :)

Agreed.:D my bench mark for next 3 months is at 5.05.... Come on Sgd.... ;)

qlogic 03-12-2011 05:04 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by smartke (Post 6633125)
m a financial idiot... :o but managed to learn some financial stuffs frm tis thread. cool...

yes, me too, worth thread :D

pete_the_fish 03-12-2011 05:11 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by adidas88 (Post 6633182)
liddat u go to cp only when DJI plunge ???

you are the one who asked me why i want to buy and keep RMB. i did not say buy and keep leh.

my point is during this period of volatile stock market, if you are going to china and needs RMB, you can time your exchange of RMB by watching the stock market.

one day it can be 4.5 something, another day can be 4.9 and someday even 5.0 . few months back it drop from 5.2 to less than 5 in a matter of days. if the exchange rate is very important to you, you can use the DJI to time your exchange.

iphonex 03-12-2011 05:18 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by pete_the_fish (Post 6633294)
you are the one who asked me why i want to buy and keep RMB. i did not say buy and keep leh.

.

pity in Sillypore you can not save the rmb to bank and earn some interests, otherwise a good business nowadays :D

Apollo 03-12-2011 05:33 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by iphonex (Post 6633335)
pity in Sillypore you can not save the rmb to bank and earn some interests, otherwise a good business nowadays :D

think this is not sg gov restriction, it is prc gov problem :p

unfit 03-12-2011 05:39 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by Apollo (Post 6633417)
think this is not sg gov restriction, it is prc gov problem :p

Bank of China in SGP got fixed deposit for RMB but deposit and withdrawal out will be SGD...hee hee

Apollo 03-12-2011 05:51 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by unfit (Post 6633439)
Bank of China in SGP got fixed deposit for RMB but deposit and withdrawal out will be SGD...hee hee

bro very confusing lai so it is rmb or sgd ? :rolleyes: thanks for info, and up you :D

prcsytlover 03-12-2011 05:57 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by Apollo (Post 6633502)
bro very confusing lai so it is rmb or sgd ? :rolleyes: thanks for info, and up you :D

I think he means it's a fix d base on rmb rates.

So what u put in and withdraw will still be in sing dollars.

unfit 03-12-2011 06:11 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by Apollo (Post 6633502)
bro very confusing lai so it is rmb or sgd ? :rolleyes: thanks for info, and up you :D

The staff told me we give them SGD then convert to RMB for Fixed Deposit so when Matured liao Bank of China will pay us back in SGD...hee hee

Thanks brother and upz you too...!

adidas88 03-12-2011 06:35 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by Apollo (Post 6633502)
bro very confusing lai so it is rmb or sgd ? :rolleyes: thanks for info, and up you :D

i believe it is known as foreign currency fixed deposit ... :)

unfit 03-12-2011 06:38 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by prcsytlover (Post 6633522)
I think he means it's a fix d base on rmb rates.

So what u put in and withdraw will still be in sing dollars.

Quote:

Originally Posted by adidas88 (Post 6633645)
i believe it is known as foreign currency fixed deposit ... :)

Thank you brothers for helping in explaining...:D

Have a great weekend!:p

prcsytlover 03-12-2011 06:40 PM

Re: Chinese RMB rates..
 
Quote:

Originally Posted by adidas88 (Post 6633645)
i believe it is known as foreign currency fixed deposit ... :)

Wow.. U're so knowledgeable... My hero...


Smartke
See, i told u his ang mo is good but Chinese CMI Liao loh.. Haha..


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