Re: Chinese RMB rates..
 

Today 2pm at Arcade, 4.74

Re: Chinese RMB rates..
 

Jurong Point 16/Jan/14 9pm $100 = RMB$470.50 TT RMB$470.50

Re: Chinese RMB rates..
 

Yesterday eevening went to PPC check RMB @ 4.73

Re: Chinese RMB rates..
 

Chinese New Year , FT senting money back also sent the rate down

Re: Chinese RMB rates..
 

ya, funny thing is tt rate is 4.72 only, now in reverse order, dont know why ??

Seems the rate will not getting better soon :mad:

Re: Chinese RMB rates..
 

Jurong Point 19/Jan/14 1pm $100 = RMB$470.50 TT RMB$470.50

Chinese New Year
 

Historically I observed SGD rate at money changers will weaken more during Chinese New Year period.

Re: Chinese RMB rates..
 

Oh no left 4.7 nia...:(:eek:

Week In FX Asia - All Eyes On China's Growth Story
 

http://seekingalpha.com/article/1953...s-growth-story

The market is expecting that China's GDP rose +7.6% on year, down from +7.8% in Q3. Many have been calling for the Yuan to break the psychological +6.0000 level sometime this year. They expect China to speed up their financial market reform, including allowing freer cross-border capital flow, which should be reason enough to eventually lead to a stronger Yuan.

A surge in China's foreign-exchange reserves will continue to add pressure on Yuan appreciation. Their fx reserves reached a staggering +$3.82-trillion at the end of last year, up from +$3.66-trillion in September.

Re: Chinese RMB rates..
 

2 hour ago the RMB strengthen another cents against the S$ 4.73 and below. Historical LOW. So money changer rate is worse than that... anyone planning to spend with Credit Card in China will be in for a shocker... best use cash for now till after CNY.... Have a nice Holiday...

Strong RMB good for China tourist and Singapore Retail... buy.. buy.. and buy

Re: Chinese RMB rates..
 

pray better soon :D

RMB Appreciation
 

Sorry have to correct you. :o
Historical low in the Forex market is on 05/03/09 at 4.3936. :D

Strong RMB is only good for foreign exchange and travelling overseas.
Just like Singapore a strong currency will result in high cost of living and accelerating asset prices.

The income disparity between the rich and poor is very wide in China.
Poor people will suffer more as a result of full speed ahead economic reforms.
You can already see those people working in Tier 1 cities cry father and mother liao.

Last time is earn USD, SGD and spend in Malaysia or Thailand.
Now and in the future is to earn RMB. :p

Re: Chinese RMB rates..
 

Re: Chinese RMB rates..
 

Today's best rate available at arcade was 1 SGD= RMB 4.71 at 4.30pm :(:(

Re: Chinese RMB rates..
 

Thx bro's for the kind updates