Chinese RMB rates..

[TonyCheong]

Originally Posted by MichaelWinn

dear bro i hope it can hit 5 again against the yuan it has been some time SGD hit above 5 for rmb

Times have changed and CNY is set to appreciate furthur as it becomes more commonly traded internationally.

China's Central Bank is loosening and pushing the use of CNY aggressively worldwide.

CNY long hold = capital gains.

[Allanooi]

Originally Posted by MichaelWinn

dear bro i hope it can hit 5 again against the yuan
it has been some time SGD hit above 5 for rmb

Dun worry bro sgd 1= rmb 5 coming but must till after next year Feb cny over in April 2015 u see such rate u desire

[jc_wtc]

Yesterday evening (ard 6.20pm) at Chinatown Point 2nd sty the rate for RMB is 4.82

When over check at people park centre, one offer is 4.80 while another offer 4.81.

Regards

[TonyCheong]

Arcade Money Changers @ The Arcade (11 Collyer Quay) rates.

Get better rates at second floor shops.

___________________________
BUY | SELL
___________________________
22/10/14: 4.83091 4.80000


Wish all brothers huat in Forex trading.

[cupid]

Originally Posted by TonyCheong

Arcade Money Changers @ The Arcade (11 Collyer Quay) rates.

Get better rates at second floor shops.

___________________________
BUY | SELL
___________________________
22/10/14: 4.83091 4.80000


Wish all brothers huat in Forex trading.

thanks for sharing bro, cupid give u 4 more loving power

[TonyCheong]

Originally Posted by cupid

thanks for sharing bro, cupid give u 4 more loving power

I've added 4 points for you too!

Cheers.

[myluckyguy]

(Thu 23 Oct 2014) at 2pm at Fountain money changer at Marina Square S$1 @ RMB 4.80

[FatMan]

Jurong Point 25/Oct/14 9pm $100 = RMB$479.00 TT RMB$479.00

[Kent_do]

Originally Posted by TonyCheong

Times have changed and CNY is set to appreciate furthur as it becomes more commonly traded internationally.

China's Central Bank is loosening and pushing the use of CNY aggressively worldwide.

CNY long hold = capital gains.

Wah Brudder TC, you jack of all trades, can be agent and now becoming economist expert liao ah? Hehehe

[Kent_do]

Just change this morning at Mustafa, 0.208 or 4.807. So low rate now!!!

[TonyCheong]

Originally Posted by Kent_do

...now becoming economist expert liao ah? Hehehe

Dongguan market crash, tan boh jiak.
Do some Forex trading earn some teh tarik money.

On a serious note those who long hold CNY since 2 years back at the rate of 5.XX can take profit now at 0.2X gains.
I believe CNY will appreciate furthur.

[TonyCheong]

Arcade Money Changers @ The Arcade (11 Collyer Quay) rates.

Get better rates at second floor shops.

___________________________
BUY | SELL
___________________________
27/10/14: 4.82392 4.80000


Wish all brothers huat in Forex trading.

[genius]

Today, 16:20 pm, EXTRACT @ Arcade is at 4.814

[Dick Grayson]

Its getting lower and lower

[TonyCheong]

http://news.yahoo.com/china-singapor...--finance.html

China will begin trading its yuan currency directly with the Singapore dollar on Tuesday, the national foreign exchange market operator said, in the latest move to promote international use of Beijing's unit.

The Singapore dollar will be added to the China Foreign Exchange Trade System's (CFETS) platform, which currently offers transactions between the yuan and 10 foreign currencies, it said Monday.

The market operator will publish a daily parity between the yuan and the Singapore dollar based on quotes from market makers and allow the currency to move three percent on either side of the central midpoint, CFETS said in a statement on its website.

It added the move is intended to "promote the bilateral trade and investment between China and Singapore, facilitate the use of (yuan) and (Singapore dollar) in the cross-border trade and investment settlement (and) meet the needs of economic entities to lower currency conversion cost".

China has long had direct currency trade with the United States, and in recent years has added the Japanese yen, the Australian dollar, the New Zealand dollar and the Malaysian ringgit.

It started direct exchange with Britain's pound in June and trade between the yuan and the euro last month.

Direct currency trade marks one of China's efforts to promote greater use of the yuan, also known as the renminbi.

Beijing keeps a tight grip on the capital account -- investment and financial transactions, rather than those related to trade -- due to worries that unpredictable inflows or outflows could harm the economy and reduce its control over it.