Chinese RMB rates.. - Page 228

adidas88 · #**3406** 03-12-2011, 04:44 PM

Quote:

Originally Posted by pete_the_fish

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

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 · #**3407** 03-12-2011, 04:53 PM

Quote:

Originally Posted by adidas88

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 · #**3408** 03-12-2011, 04:53 PM

4.91 at golden mile

香香很烦 · #**3409** 03-12-2011, 04:54 PM

Quote:

Originally Posted by adidas88

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.

my bench mark for next 3 months is at 5.05.... Come on Sgd....

qlogic · #**3410** 03-12-2011, 05:04 PM

Quote:

Originally Posted by smartke

m a financial idiot...

but managed to learn some financial stuffs frm tis thread. cool...

yes, me too, worth thread

pete_the_fish · #**3411** 03-12-2011, 05:11 PM

Quote:

Originally Posted by adidas88

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 · #**3412** 03-12-2011, 05:18 PM

Quote:

Originally Posted by pete_the_fish

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

Apollo · #**3413** 03-12-2011, 05:33 PM

Quote:

Originally Posted by iphonex

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

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

unfit · #**3414** 03-12-2011, 05:39 PM

Quote:

Originally Posted by Apollo

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

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

Apollo · #**3415** 03-12-2011, 05:51 PM

Quote:

Originally Posted by unfit

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 ?

thanks for info, and up you

prcsytlover · #**3416** 03-12-2011, 05:57 PM

Quote:

Originally Posted by Apollo

bro very confusing lai so it is rmb or sgd ?

thanks for info, and up you

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 · #**3417** 03-12-2011, 06:11 PM

Quote:

Originally Posted by Apollo

bro very confusing lai so it is rmb or sgd ?

thanks for info, and up you

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...!