Chinese RMB rates..

[Apollo]

thanks, when can see 4.8 again ?

[Allanooi]

Originally Posted by Apollo

thanks, when can see 4.8 again ?

Should be soon as most of fund managers are pulling out of hk and china and most asia markets and park funds at USA even europe market fund are out flow to USA

[memorablez]

Originally Posted by Apollo

thanks, when can see 4.8 again ?

im also waiting bro

[PeroPero]

Saw 4.63 at Lot 1 Shopping Mall. RMB/YUAN getting stronger. Seems will never hit the 5.00 mark anymore.

[kopigaogao]

With this low rate, time to cut PRC trips liao

[sheridan]

Originally Posted by kopigaogao

With this low rate, time to cut PRC trips liao

In the next 3 months, expect sgd to go down to around 4.5

[TonyCheong]

Originally Posted by sheridan

In the next 3 months, expect sgd to go down to around 4.5

After Chinese New Year will have clearer picture.

Now spot rates hovering between 4.6015 - 4.6228.

[sheridan]

Originally Posted by TonyCheong

After Chinese New Year will have clearer picture.

Now spot rates hovering between 4.6015 - 4.6228.

Did you missed the news/report from MAS just last week??

[TonyCheong]

Originally Posted by sheridan

Did you missed the news/report from MAS just last week??

No I did not miss out on that MAS report.
In fact most people will believe SGD against CNY will drop until 4.5 by year end.

Just a few hours ago our PM announced big news:
Registration officer to revise registers of electors by 30 April: PM Lee

In the General Elections 2011 on 7th May.
The exchange rate for SGD/CNY is 5.2X!

Election year so you know what's in store.
This year if can reach 4.9X considered very good liao.

[sheridan]

Originally Posted by TonyCheong

No I did not miss out on that MAS report.
In fact most people will believe SGD against CNY will drop until 4.5 by year end.

Just a few hours ago our PM announced big news:
Registration officer to revise registers of electors by 30 April: PM Lee

In the General Elections 2011 on 7th May.
The exchange rate for SGD/CNY is 5.2X!

Election year so you know what's in store.
This year if can reach 4.9X considered very good liao.

Inflation will play a big part so let's hope oil price can continue to rebound

[sub2lady]

Originally Posted by TonyCheong

No I did not miss out on that MAS report.
In fact most people will believe SGD against CNY will drop until 4.5 by year end.

Just a few hours ago our PM announced big news:
Registration officer to revise registers of electors by 30 April: PM Lee

In the General Elections 2011 on 7th May.
The exchange rate for SGD/CNY is 5.2X!

Election year so you know what's in store.
This year if can reach 4.9X considered very good liao.

bro dont think so, they need the GDP growth and devalue of the SDG maybe the direction in viewing the global devaluing war

[FatMan]

Jurong Point 03/Feb/15 9pm $100 = RMB$461.50 TT RMB$461.50

[TonyCheong]

Originally Posted by sheridan

Inflation will play a big part so let's hope oil price can continue to rebound

Originally Posted by sub2lady

bro dont think so, they need the GDP growth and devalue of the SGD maybe the direction in viewing the global devaluing war

These past 2 days SGD gain a bit.

POBC should be jumping on the devaluing bandwagon soon.

My strategy is take partial profit now at 4.6X.
Take another partial profit if drop to 4.5X.
Hopefully SGD slowly climb back up to 4.9X within 6 months then buy RMB again.

[wohaha96]

wah, the rmb rate is so bad now? How about selling RMB back to the money changer? I have about RMB 5k - 6k to change back to SGD.

[clinton]

PPC 4.62, inside indian shop can get 4.625