Chinese RMB rates..

[ShaPoLang]

Rate @ ppc at 1700 hrs, 24/11/11

1SGD = 4.85RMB

[babyckh]

change at PPC this morning at 1030am.

1SGD = 4.83rmb.

[香香很烦]

Originally Posted by babyckh

change at PPC this morning at 1030am.

1SGD = 4.83rmb.

Siao Liao man... Really going down real hard...

[adidas88]

Originally Posted by 香香很烦

Siao Liao man... Really going down real hard...

bro .. it ain't hard yet ....
wait till u see 4.5 ...

[Joshzzz]

It took a while to happen but the truth has finally been revealed.

Lovely how they make you think SGD is so nice and strong and economy so good when its sElection time.

Then they wait a while to let the dust settle after the big event, before dropping the bomb on you that one must be prepared for the worst.

And of course, they can finally let the SGD go back to realistic levels.
I think we all knew that those peaks were unnatural.

PS. Put some money in Chinese Fixed D accounts. Earn good interest and probably a favorable exchange rate in a year or two.

Originally Posted by Joshzzz

I think regardless of GE 2011 results, the SGD will slowly weaken again. They have probably been pushing it up all this time. After GE over, no more need to keep supporting it at peak levels. *Speculation only*

[genius]

Originally Posted by adidas88

bro .. it ain't hard yet ....
wait till u see 4.5 ...

Like that die lar... still looking forward to retire in PRC..

[adidas88]

Originally Posted by Joshzzz

PS. Put some money in Chinese Fixed D accounts. Earn good interest and probably a favorable exchange rate in a year or two.

cannot agree less .... believe the rmb will appreciate against S$ in the near future ...

Originally Posted by genius

Like that die lar... still looking forward to retire in PRC..

then start buying rmb with ur S$ now lar ...
dun keep S$ in ur bank ... its' depreciating ....

[genius]

Originally Posted by adidas88

cannot agree less .... believe the rmb will appreciate against S$ in the near future ...

then start buying rmb with ur S$ now lar ...
dun keep S$ in ur bank ... its' depreciating ....

I am not CK lar.... don't have so much S$ lar..

[Joshzzz]

Bros Genius and Adidas88,

The worst part is that since we are staying in PRC for years, we will have to keep taking the SGD depreciation hit. (unless you get paid in RMB la! )

My only option is to hedge against it by balancing back with RMB FDs so that we effectively have a Spread. (both with ladies legs and with dollars)

[heartkorr]

TT rate as of now is 4.86 @ PPC, just called to ask

[香香很烦]

Originally Posted by adidas88

then start buying rmb with ur S$ now lar ...
dun keep S$ in ur bank ... its' depreciating ....

Sigh... Should have kept all the rmb when I bought at 5.17 in early sept...
How's ur trip so far?

[smartke]

Originally Posted by 香香很烦

Sigh... Should have kept all the rmb when I bought at 5.17 in early sept...
How's ur trip so far?

keep all ur rmb when u bot in sept? how to? issit possible for u?

actually hor.. U shld say: "shld all ALL-IN my sgd when i bot my rmb in sept"...

[香香很烦]

Originally Posted by smartke

keep all ur rmb when u bot in sept? how to? issit possible for u?

actually hor.. U shld say: "shld all ALL-IN my sgd when i bot my rmb in sept"...

Yips...i did went almost all in... And after that all out... But in the end still go back china so often... Sigh...

[smartke]

Originally Posted by 香香很烦

Yips...i did went almost all in... And after that all out... But in the end still go back china so often... Sigh...

if u din keep any rmb & still can go bk china so often, meanin, u did not ALL-IN, not even 'almost' lor... lol...

anyway, take a step bk & relax la... to me, cp only a virtual world. once left the plc, its all bk to reality & woke up frm sweet & wet dreams...

[香香很烦]

Originally Posted by smartke

if u din keep any rmb & still can go bk china so often, meanin, u did not ALL-IN, not even 'almost' lor... lol...

anyway, take a step bk & relax la... to me, cp only a virtual world. once left the plc, its all bk to reality & woke up frm sweet & wet dreams... (

True true... Must sell more tissues now...