What is the exchange rate

Wednesday, May 26, 2010

The best exchange rate from SGD to RM in Singapore?

You can try the money changer at Mustarfa Centre, Chinatown area, or woodlands centre near Woodlands check point. I%26#039;ve got the best rate there, but not much difference, usually 0.05 Higher. Actually everywhere is about the same, if you are exchanging for a bigger sum, you can try to bargain for a better rate

The best exchange rate from SGD to RM in Singapore?

best rate i got 3 days ago was at 2.25 from LOT1

Additional comments:

Jules, I exchanged it at LOT1 in Choa Chu Kang (Singapore)

The best exchange rate from SGD to RM in Singapore?

The writer above got his exchange rate in Lot 10, Kuala Lumpur (just in case you%26#039;re wondering where LOT1 is). The current RM/SGD exchange rate (as of yesterday) is approx RM2.28 = S$1.00.

Perhaps you%26#039;d like to check rates in Lucky Plaza, Orchard Road. Or those money changers in the CBD area (eg, Raffles Place).

Frankly, it won%26#039;t really matter too much unless you%26#039;re changing HEAPS of money (note that Malaysia Customs requires, in theory, a currency declaration %26quot;if you%26#039;re carrying RM notes exceeding RM1,000 and/or foreign currency notes and/or traveller%26#039;s cheques exceeding USD2,500 equivalent upon arrival and departure%26quot;). Then again, this is Malaysia ... I personally have never filled in that particular section. And I know I have gone in and out of the country carrying a wee bit more than USD2,500. ;)

The best exchange rate from SGD to RM in Singapore?

Lot 1 is in SINGAPORE! Its at Chua Chu Kang area...

Ill say mustafa has the best rates. 99% sure.

Canadian dollar exchange rate?

The Canadian dollar has been slowly gaining against the US dollar. For the first time ever, the C$ is now trading at parity with the US$. Why? The US has a large current account deficit, and has been accumulating foreign debt since the 1980s. This is not sustainable. The world will not lend to the US forever. So, the dollar must eventually depreciate in order to make US goods look more attractive, and make US investments look less attractive. This trend is likely to continue for some time until the US gets back on better financial ground.

Canadian dollar exchange rate?

It cost $1,02 in US dollars for $1,00 Canadian. It would be safer to convert now, since the Reserve chairman Ben Bernanke believe its a good option to %26quot;print%26quot; money to pay off the US debt, that will cause major sell outs of US dollars in the entire world and US money might be worth next to nothing in the future.

What is exchange rate risk?

%26quot;The risk that a business%26#039; operations or an investment%26#039;s value will be affected by changes in exchange rates. For example, if money must be converted into a different currency to make a certain investment, changes in the value of the currency relative to the American dollar will affect the total loss or gain on the investment when the money is converted back. This risk usually affects businesses, but it can also affect individual investors who make international investments. also called currency risk.%26quot;

What is exchange rate in 鎷 for $800?

check www.xe.com works out at 400.559 GBP

What is exchange rate in 鎷 for $800?

about 鎷?00

What is exchange rate in 鎷 for $800?

Roughly 鎷?00....

What is exchange rate in 鎷 for $800?

If you mean USA dollors you will get 鎷?00.559GBP for $800 USD this is correct at time of writing.

What is exchange rate in 鎷 for $800?

is that Egyptian pounds?

What is exchange rate in 鎷 for $800?

depends where you exchange it,you%26#039;ll end up with around 鎷?78 if you change it at a uk post office

Defination cross exchange rate?

Definition of Cross exchange rate?

It%26#039;s simple - when you have rates for two currencies (for euro and british pound for ex.) denominated in one other currency (for example in dollars - EUR/USD and GBP/USD) you can calculate Cross exchange rate for these two currencies (EUR/GBP).

For example if you have rate for EUR/USD 1,5:1

and GBP/USD 2:1

you can calculate cross-exchange rate for Euro denominated in british pounds EUR/GBP 0,75:1

How is exchange rate decided?

In super-simple mode, it%26#039;s determined by supply and demand. There are currency exchange markets all over the world where financial experts trade one currency for another based on the supplies that the sellers have on hand, and the demand for goods that the buyers want to buy in that currency (usually equities / debt).

For example, here are the bid / ask prices for US dollars against a variety of other currencies:

http://www.fxstreet.com/nou/dolargran.as...

Forex trading is very different from securities trading, though, because everything has to be in relation to everything else. If Currency A = Currency B and Currency B = Currency C, then Currency A must = Currency C at all times. Seems simple in theory but any change in one currency relationship has to be reflected (almost) instantaneously in every other relationship on the board, or else you%26#039;d easily be able to get into a cycle of trading A for B, B for C, and then C for A over and over and making a profit on every cycle.

How is exchange rate decided?

Well, there is no such thing as ONE fx-rate. Actually what you see listed are prices two parties have agreed to (in the past) based on their respective relative valuation of the currencies.

If the question is how those values are determined, the aswer is porbably nobody really knows. But there are a few basic models that can explain exchange rates and in general they are not too bad at it:

1. (Real) interst rate parity

2. Forward Parity

3. Purchasing Power Parity (-%26gt;Big Mac Index)

All those models rely on the assumption of market efficiency (-%26gt; Efficient Market Hypothesis), specifically they assume that no risk free (excess) profits can be earned in the financial markets (-%26gt;No Arbitrage / %26quot;There is no free lunch in finance).

All those models can easily be looked up in wikipedia.

Cheers,

Alex

Will the exchange rate of the British pound reach 2 American dollars?

With the US spending money like water %26quot;bringing democracy%26quot; to those wonderful thankful Muslims in Iraq and Afghanistan, and getting ready to do the same in Syria and Iran, I should not be at all surprised to see the British pound at $3 before too long.

It does not matter, countries do not stay top dogs for ever.