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  #46  
Old 25-09-2008, 11:20 AM
Heart Break Kid Heart Break Kid is offline
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Lightbulb Re: Chinese RMB rates..
Quote:
Originally Posted by adidas88 View Post
... ... bro, like that u can buy forex futures and make a fortune ...
No lah ..mi dun speculate on those spot rates, forward rates or options
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  #47  
Old 25-09-2008, 11:57 AM
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Re: Chinese RMB rates..
Quote:
Originally Posted by Heart Break Kid View Post
Sorry bro ..mi guess you must be asset-rich
asset rich is not so favourable during downturn ..
liquid asset is better ...
  #48  
Old 25-09-2008, 11:59 AM
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Re: Chinese RMB rates..
Quote:
Originally Posted by Heart Break Kid View Post
No lah ..mi dun speculate on those spot rates, forward rates or options
... .. becoz u forecast it will hit 5.2 in nov mah ...
  #49  
Old 25-09-2008, 12:21 PM
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Re: Chinese RMB rates..
Quote:
Originally Posted by adidas88 View Post
... ... if it hit 1:5 ... then must break my bank and change to rmb ...
but my bank onli have $10 ....
But ur safe box full of gold bars, USD, SGD10000 notes. hahahaha
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  #50  
Old 25-09-2008, 12:35 PM
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Re: Chinese RMB rates..
Quote:
Originally Posted by TD.king View Post
But ur safe box full of gold bars, USD, SGD10000 notes. hahahaha
bro ... u also cum here and ka ciao ka ciao ...
i thought u r stuck in dandok and bkk onli ....
  #51  
Old 25-09-2008, 12:48 PM
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Re: Chinese RMB rates..
Quote:
Originally Posted by adidas88 View Post
bro ... u also cum here and ka ciao ka ciao ...
i thought u r stuck in dandok and bkk onli ....
Planning to learn & cheong with sifu adidas88 in ca, cp & zh next year. Don't know whether he welcome me or not
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  #52  
Old 25-09-2008, 12:51 PM
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Re: Chinese RMB rates..
Quote:
Originally Posted by TD.king View Post
But ur safe box full of gold bars, USD, SGD10000 notes. hahahaha
Last time, I see is the safe box (Cupboard Size) only full of SGD1000 notes.

So fast, all change to SGD10000 notes
Inflation
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  #53  
Old 25-09-2008, 01:06 PM
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Lightbulb Re: Chinese RMB rates..
Quote:
Originally Posted by adidas88 View Post
asset rich is not so favourable during downturn ..
liquid asset is better ...
Oh I see .. in my financial philosophy fixed assets like houses do appreciate over time even during downturn but then cash in bank will depreciate in real value due to inflation. So you are likely to be a winner in the end

Quote:
Originally Posted by adidas88 View Post
.. becoz u forecast it will hit 5.2 in nov mah ...
Then you should opt for 2 months forward rates for RMB to depreciate against SGD
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  #54  
Old 27-09-2008, 03:06 AM
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Re: Chinese RMB rates..
Today (26 Sept) changed some RMB, the rate is nose bleeding, only 4.75. Bo pian, going to the PRC on Sat. Was hopping the rate will at least improve to 4.8x, am going to change and keep some under my pillow when it hit at least 5.00

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  #55  
Old 27-09-2008, 09:40 AM
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Re: Chinese RMB rates..
Quote:
Originally Posted by TD.king View Post
Planning to learn & cheong with sifu adidas88 in ca, cp & zh next year. Don't know whether he welcome me or not
bro .. r u kidding ... me will welcome u with open arms and open legs ...
but just dun call me sifu ... me still grasshopper ...


Quote:
Originally Posted by Heart Break Kid
Oh I see .. in my financial philosophy fixed assets like houses do appreciate over time even during downturn but then cash in bank will depreciate in real value due to inflation. So you are likely to be a winner in the end ...
totally agreed on fixed assests like houses ...
actually me r refering to assests like shares, cars, expensive watches or items ... when economy u-turn southward ... everything free fall ... bad bad ...

Quote:
Originally Posted by genius
Today (26 Sept) changed some RMB, the rate is nose bleeding, only 4.75. Bo pian, going to the PRC on Sat. Was hopping the rate will at least improve to 4.8x, am going to change and keep some under my pillow when it hit at least 5.00 ..
actually it's not a good time to go to money changer on eve of holiday, fri, sat & sun ... the rates r pretty bad ...
  #56  
Old 29-09-2008, 09:58 PM
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Re: Chinese RMB rates..
today at people park. ask around. best rate given was 4.725

don't go novena sq. asked in the morning was 4.72 but evening quote me 4.68
  #57  
Old 30-09-2008, 11:26 AM
Heart Break Kid Heart Break Kid is offline
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Lightbulb Re: Chinese RMB rates..
The remittance rate was 4.775 on Sunday afternoon - Hang Seng Bank 2nd floor, People Park Complex.
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  #58  
Old 30-09-2008, 11:40 AM
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Re: Chinese RMB rates..
Quote:
Originally Posted by Heart Break Kid View Post
The remittance rate was 4.775 on Sunday afternoon - Hang Seng Bank 2nd floor, People Park Complex.
This outlet is very popular .... and they ensure the recipient get the money by end of the day if send by 12 noon.
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  #59  
Old 30-09-2008, 03:41 PM
Heart Break Kid Heart Break Kid is offline
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Talking Re: Chinese RMB rates..
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Originally Posted by Big Semens View Post
This outlet is very popular .... and they ensure the recipient get the money by end of the day if send by 12 noon.
Yes ..saw a lot of PRC workers here remit SGD1,000 to SGD2,000 back home & also heard the rates in Hang Seng Bank is good
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  #60  
Old 03-10-2008, 10:52 AM
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Re: Chinese RMB rates..
Quote:
Originally Posted by Big Semens View Post
This outlet is very popular .... and they ensure the recipient get the money by end of the day if send by 12 noon.
Wow, that is fast. Is that just normal or express service??
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