Chinese RMB rates..

[besafe]

I am sure it will. And I think it will be soon. Going to motherland next week.

[Panda05]

Damn.. got No money that time, RMB rate 5.2x... Now got Money to change.. RMB rate is 4.8x..
Why ???

[CumExplorer]

Originally Posted by pete_the_fish

Just pray the Dow jones industrial index continues to do well and you can change more RMB.

DJ index has nothing to do with the RMB rate right

Originally Posted by storm

It may go up to 5.0 for a short while but I doubt we will see the 5.2-5.3 rate again

Looking for the 5.0 now, thanks hehe

[smartke]

sigh.. wif the current xchg rate, need to do 'distribution investment' liao...

[Glary]

Originally Posted by smartke

sigh.. wif the current xchg rate, need to do 'distribution investment' liao...

bro how to do 'distribution investment' ? everywhere also lose, more or less

[smartke]

Originally Posted by Glary

bro how to do 'distribution investment' ? everywhere also lose, more or less

lol...

well, my way of 'distribution investment' is most stupid way of doin it.

early last yr, the rate was quite low, think somewhere ard 4.75 if i rem correctly. when it wen up to 4.85, i start to chg wif sgd 500 - 1k, till it goes up to 4.95 then i stop, cos my resource depleted.

the only thing i sort of benefited frm my way is, it hlps me savin $$$ cos everytime i chg my sgd into rmb, i will less sgd 500 - 1k frm my bank a/c for oth things, & i wun chg it bk to sgd, knowin tat i will lose even more.

[storm]

i was around Suntec and Cityhall this morning, money changer rate is 4.90

[pete_the_fish]

Originally Posted by CumExplorer

DJ index has nothing to do with the RMB rate right

when the stock market plunge , you see whether you can change more or less RMB lor.

[keke]

Originally Posted by pete_the_fish

when the stock market plunge , you see whether you can change more or less RMB lor.

ya when the stock market plunge, think mas will depreciate the S$ then

[IceRed]

Originally Posted by indonchicken

when can the rate shoot back to 5.3??

hope it goes back to 5.3 again. must change more this time.

[adidas88]

Originally Posted by pete_the_fish

when the stock market plunge , you see whether you can change more or less RMB lor.

when the stock market plunge ... why u want to change rmb ???
money is king at that time and buying cheap stocks benefits more than rmb ...

[pete_the_fish]

Originally Posted by keke

ya when the stock market plunge, think mas will depreciate the S$ then

when the stock market plunge, especially the US, USD will go up, SGD will come down = exchange less RMB when using SGD. check the charts and you can see a correlation.

[adidas88]

Originally Posted by pete_the_fish

when the stock market plunge , you see whether you can change more or less RMB lor.

when the stock market plunge, CASH is king ....
why buy rmb at that time when u can benefit more from cheap stocks ??

[pete_the_fish]

Originally Posted by adidas88

when the stock market plunge ... why u want to change rmb ???
money is king at that time and buying cheap stocks benefits more than rmb ...

i want to buy RMB because I want to go Chang ping cheong lah. buy and keep for what????

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.

nowadays the exchange rate can change alot day to day due to the volatile stock market.

[smartke]

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