tag:blogger.com,1999:blog-34503628.post747150354613059026..comments2024-03-26T20:28:00.690+08:00Comments on Journey to Become Financially Independent: How to read buying & selling price in money changer counter?ChampDoghttp://www.blogger.com/profile/15551303930099640011noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-34503628.post-82784511762892163592016-12-07T18:13:01.329+08:002016-12-07T18:13:01.329+08:00@buttercup, usually getting money exchanged in Mal...@buttercup, usually getting money exchanged in Malaysia before you travel is better rate than oversea withdrawal and the rate in money changer also usually better than the bank. If you really need calculate, you need to factor in the exchange rate between these 2 methods.<br /><br />I use citibank bank atm which has $0 fee but the exchange is slightly higher than money changer (but not all the time).ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-63621822673595421842016-11-23T11:05:07.152+08:002016-11-23T11:05:07.152+08:00Good explaination.Good explaination.Abby Limhttps://www.blogger.com/profile/11125431948554629203noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-48454200172143942822016-11-22T21:24:44.457+08:002016-11-22T21:24:44.457+08:00Hi, two questions on money changer vs. ATM/Cirrus ...Hi, two questions on money changer vs. ATM/Cirrus withdrawal (from CIMB Savings account) while in overseas. My bank charges RM 10.60 flat rate per withdrawal. Is this better than getting money exchanged while in Malaysia? <br /><br />Similarly, 1% per transaction on Credit card purchases. Is this worth it or should I just stick to money changing before travelling? <br /><br />Sorry, can't see the full picture. Any advise will be much appreciated tq! buttercuphttps://www.blogger.com/profile/16645050655561344009noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-22841789480988534302016-08-29T20:12:18.225+08:002016-08-29T20:12:18.225+08:00Thank you so much for sharing this valuable info. ...Thank you so much for sharing this valuable info. Earlier, I didn't know how to read buying & selling price in money changer counter.Lisa Anwoodhttps://www.xchangeofamerica.com/noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-6153110203164918902016-06-15T12:19:03.920+08:002016-06-15T12:19:03.920+08:00It's true!Learning how to manage and grow your...It's true!Learning how to manage and grow your money is the only way for getting rich.income fundhttp://www.rushtonfinancial.com.au/why-invest/noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-13958566314318207542015-12-20T16:05:42.540+08:002015-12-20T16:05:42.540+08:00Very good.Very good.TUHINhttps://www.blogger.com/profile/12762108108190583287noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-3556460802870711452014-10-15T17:01:01.127+08:002014-10-15T17:01:01.127+08:00thanks for the equation.. :)thanks for the equation.. :)anephttp://www.peristiwasemalam.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-71337550694025509402014-10-01T16:23:12.081+08:002014-10-01T16:23:12.081+08:00Nice catch! It is a typo in the last paragraph and...Nice catch! It is a typo in the last paragraph and your understanding is correct.<br /><br />Thanks for the correction! I will correct it now.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-2850458215028472162014-10-01T13:41:12.360+08:002014-10-01T13:41:12.360+08:00Hi,
I wonder if there's a typo for the last p...Hi,<br /><br />I wonder if there's a typo for the last paragraph. The first sentence you wrote, the lower the (we sell) column and the higher the (we buy) column. But the last sentence you told us to look for the highest (we sell) and lowest (we buy).<br /><br />My impression is lower we sell column so you pay less for the same amount of foreign currency and higher we buy column so you get more for same amount of foreign currency...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-65247597290498848222013-11-05T18:08:18.704+08:002013-11-05T18:08:18.704+08:00Assuming you're in China and want to buy SG$, ...Assuming you're in China and want to buy SG$, you should look at "We Sell" instead. It should be the lower the better. :)ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-54096765356933504252013-11-05T16:30:41.142+08:002013-11-05T16:30:41.142+08:00Hi thank you for ur info! I just wanna confirm... ...Hi thank you for ur info! I just wanna confirm... if im changing RMB to SG. I should look at "we buy" and the higher the better right? Thank you for ur help.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-81299913585547290982012-03-08T21:49:07.483+08:002012-03-08T21:49:07.483+08:00Huh? It doesn't make sense. One possibility is...Huh? It doesn't make sense. One possibility is when you change RM->USD, the USD drops, then when you change USD->Won, the USD goes up. :)<br /><br />Korean is a nice place. Have a lot of nice food too! You will find it is a very clean city although there isn't any dust bin. LoL! Enjoy your trip!ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-56578502657896421772012-03-06T17:02:34.926+08:002012-03-06T17:02:34.926+08:00thanks for the info! really helps..but was wonderi...thanks for the info! really helps..but was wondering because we are traveling to Korea soon, & my friend told me that it's more worth your money if you exchange RM to USD first in Malaysia then only change USD to Korea Won when reach Korea. How is that so? Couldn't picture it...Carriehttp://kgonju.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-87479064602189518542012-02-27T23:51:23.344+08:002012-02-27T23:51:23.344+08:00great tips. i usually just change from sg wang the...great tips. i usually just change from sg wang there. best rates in town!buy and sellhttp://www.buyandsell.com.my/noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-91395622762720045922011-08-13T12:02:41.764+08:002011-08-13T12:02:41.764+08:00That will be only true only if he able to buy low ...That will be only true only if he able to buy low at the money changer and sell high at the bank. In other words, the selling price at the money changer counter is lower than the buying price at the bank. This also means the money changer sell very cheap and bank buy it very expensive. <br /><br />If what you said is true, my bet is it can only happens once in a blue moon so you will need to monitor the prices very closely between the bank and money changer. It cannot be happen all the time. This also means that it is unpredictable too. When things are unpredictable, there is no difference than you’re trading the currency. So this strategy works but there is not much difference then you’re trading the currency. It is still high risk, and you still need to monitor that closely. Let me know if this is wrong.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-55698721803242604942011-08-09T03:38:42.604+08:002011-08-09T03:38:42.604+08:00I just surfed in,I find your blog rather interacti...I just surfed in,I find your blog rather interactive.I was wondering,can you make some sense of what my neigbour told me! He say's he buy's from the moneychange low,then he will sell it to the bank again.I think,he did mention,it was quite a significant sum.He will keep on buying currency and selling it to the bank for several times in a day.I was wondering,how does he make's money by buying from the curreny and selling it to the bank and doing it over and over again in a day???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-49932816934595838912011-07-01T19:07:22.832+08:002011-07-01T19:07:22.832+08:00You can also use credit card to withdraw the money...You can also use credit card to withdraw the money at ATM too especially when you're in oversea. But, I think the charge is higher.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-67577193470883382862011-06-29T13:17:50.761+08:002011-06-29T13:17:50.761+08:00I never had tried to withdraw on ATM machines thou...I never had tried to withdraw on ATM machines though it is included on my bank accounts promo deals. I always comes to the money changer machines or store.<br /><br />coin counters<br />http://www.betterbusinesselectronics.com/Coin-Counters-c26/Robert Mirashttps://www.blogger.com/profile/14137453012937909569noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-70797239322922374572011-05-05T16:42:20.813+08:002011-05-05T16:42:20.813+08:00I honestly do not know. So, LCCT has that too? :D ...I honestly do not know. So, LCCT has that too? :D What foreign currency the machine has? <br /><br />So far, I still go to money charger and have not yet tried the withdrawal from ATM. If there is one available in Penang, I will consider.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-42472892025340931042011-05-05T12:55:38.278+08:002011-05-05T12:55:38.278+08:00I reckon that LCCT has CIMB ATM machine that dispe...I reckon that LCCT has CIMB ATM machine that dispense foreign money as well, right?m i c h e L L e 晓婷https://www.blogger.com/profile/16178459215713123318noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-5733167308408045972011-02-23T15:14:35.800+08:002011-02-23T15:14:35.800+08:00Yes, you could use another bank ATM card which wor...Yes, you could use another bank ATM card which work through MEPS network. So you will be charged RM1 per transaction.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-55439136611117493302011-02-21T21:21:59.828+08:002011-02-21T21:21:59.828+08:00Ya, usually cheaper if we can withdraw foreign cur...Ya, usually cheaper if we can withdraw foreign currency with ATM. <br /><br />This money exchange could be confusing if you try to exchange your money oversea because it is the other way round.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-40233328862784540412011-02-21T09:06:12.013+08:002011-02-21T09:06:12.013+08:00oo nice tips. Thanks :D I always exchange at the M...oo nice tips. Thanks :D I always exchange at the Midvalley 1. :PAlvinhttp://cubicnation.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-22222382275428648742011-02-20T16:41:55.039+08:002011-02-20T16:41:55.039+08:00Okay really? Thanks for the tip. So I guess we can...Okay really? Thanks for the tip. So I guess we can withdraw with other banks card too.ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-56113450729824779462011-02-20T16:29:54.170+08:002011-02-20T16:29:54.170+08:00If you going overseas, make changes at the termina...If you going overseas, make changes at the terminal C KLIA at CIMB Foreign Currency Exchange ATM machines. The rate was much better than normal money exchanger booth.Anonymousnoreply@blogger.com