Changing Ringgit in Malaysia would be better? Platform which gives the best exchange rates

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Platform which gives the best exchange rates

Platform which gives the best exchange rates – For a long time, there has been a myth about changing currencies – foreign rates would always be better in their host countries.

After all, you might think money changers there would love to have your Singapore Dollars – especially in Malaysia – no?

With our curious minds, we set out to some popular joints in Johor Bahru on 1 May (Sunday) to check things out.

The verdict?

Myth busted. The common money changers across the Causeway were buying in Singapore Dollars way higher than most money changers that were selling Ringgit in Singapore.

Here, take a look:

This is what we’ve gotten from Singaporean money changers on 30 Apr. Do note that Forex markets were closed on 30 Apr and 1 May :

platform which gives the best exchange rates
platform which gives the best exchange rates Compare-Best-and-Cheapest-MYR-Money-Changer-rates-from-SGD

Over to the Malaysian side.

Max Money Sdn Bhd, Johor Bahru Customs:

platform which gives the best exchange rates

Akbar Money Changer Sdn Bhd, Johor Bahru Customs:

akbar_JB_customs

Abmann (M) Shd Bhd, Johor Bahru, Komtar JBCC:

abmann_JBCC

Going a bit further, Smart Blend Shd Bhd, KSL Mall Johor Bahru:

platform which gives the best exchange rates

There you have it. Going all the way to Johor Bahru isn’t worth your effort. You’ll probably save more by changing your money in Singapore.

As always, check out who has the best Malaysian rates here.

As usual, are you a money changer? Join us by leaving your contact here directly and stand to gain our whole suit of software and hardware for free to help digitize your business. 🙂

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