[upmountain]

I am no expert in the business of forex exchange but could it be that due to the high demand for RM in S'pore at the moment, the S'pore money changers are lowering their selling rates in response to the higher demand? Like that they can earn more.

Now you can only get 2.57 - 2.58+ at the S'pore money changers when the real rates are like 2.63 - 2.64.

Whereas in M'sia, the M'sia money changers can offer better rates like 2.60 - 2.61 Perhaps this is because they want to buy and stock as much SG dollar as they anticipate the RM to continue to fall further? So their profit will not be based on selling the RM at a low exchange rate (like their S'pore counterparts) but they will earn from buying as much SG dollar they can and sell it when the SG dollar further appreciates.

Just a thought. Maybe bros who have experience in the forex industry can share with us if this is the case.