07-09-2014, 09:09 PM
Is SGD 30K large amount meh?
07-09-2014, 09:09 PM
Is SGD 30K large amount meh?
22-09-2014, 01:47 PM
(07-09-2014, 08:07 AM)wee Wrote:(07-09-2014, 12:42 AM)opmi Wrote: Ya. Arcade Spread is narrower. Bank FX bid ask spread so big lorry can make a U turn. Haha. For the first tier clients, usually high network individuals, this is the case. For the rest, basic premier clients don't have such perorgatives. And yes, go to Arcade @ Raffles Place, I humbly suggest Sheen's money Changer.
22-09-2014, 02:11 PM
(07-09-2014, 12:17 AM)CY09 Wrote: There is a cheap way and I am being serious here. Wow, didn't know I could do that, I will try it next time. A somehow related question. Is there a cheap way to withdraw from my USD settlement acc and convert back to SGD?
22-09-2014, 03:19 PM
Actually, does it worth any effort trying to get the best exchange rate or the lowest spread? Perhaps the opportunity cost could be much higher?
The rate on google is 1sgd to 6.12hkd, let say we can get 1sgd to 6.1hkd at retail money changer. The foreign exchange rate at one local bank is 1sgd to 6.03566hkd as of now. That's 1% less than what you can get at retail money changer. If you have huge amount of money to exchange, the amount can be quite significant.
But agree that we need to consider the opportunity cost involved.
22-09-2014, 06:31 PM
(07-09-2014, 12:17 AM)CY09 Wrote: There is a cheap way and I am being serious here.doesnt look like a good move. it costs 1.5% when deposit USD cash. it costs 1.5% to withdraw USD too. |
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