Chinese RMB rates..

[cupid]

Originally Posted by datou

I hv several accts, bro. Cause i live there.
I see no point to keep Sgd, bank interest so low.
China at least hv 3% FD.

good bro, you have more fun there hehe. SGD really a weak $$$ during windy time

[dry_gin]

Hi all bros

GONG XI FA CAI!!!

i was wondering - is there a monetary limit for a singaporean to transfer money into a chinese account?

I tried transfering 10k sgd to china but the tt shop ask me for invoice.

also is there a monthly limit to transfer by a singaporean to a china account?

thanks in advance

[TonyCheong2]

Originally Posted by dry_gin

i was wondering - is there a monetary limit for a singaporean to transfer money into a chinese account?

I tried transfering 10k sgd to china but the tt shop ask me for invoice.

also is there a monthly limit to transfer by a singaporean to a china account?

Funds inflow to China no limit.
China government lagi happy you remit more money into China.
They only control capital outflow.

Due to MAS regulations if above S$5000 remittance company will ask for your NRIC and reason for remittance.
Big amount use bank TT instead.

If you die die want to use remittance companies to transfer funds.
Break up the amount and remit on different days.

[reading]

today @ppl exchange rate 4.88, quite good rate

[reading]

yesterday night @PPC TT rate 4.97, good rate

[TonyCheong2]

Originally Posted by reading

today @ppl exchange rate 4.88, quite good rate

Nowadays if cash exchange rate is 4.9 is considered very good liao.
Mai tu liao if you see this level.

Also inflation is very high since the beginning of 2017.
Those doing business or source materials from China take note.
Cost of raw supplies and food have went up!

[FatMan]

Jurong Point 21/Mar/17 11am $100 = RMB$490.00 TT RMB$500.00

[Apollo]

Originally Posted by FatMan

Jurong Point 21/Mar/17 11am $100 = RMB$490.00 TT RMB$500.00

Thanks bro, finally can see 5.0 in TT

Hope can see exchange rate in 5 soon

[FatMan]

Jurong Point 24/Mar/17 12pm $100 = RMB$491.00 TT RMB$498.00

[FatMan]

Jurong Point 29/Mar/17 9pm $100 = RMB$492.00 TT RMB$500.00

[lacoruna69]

J8 Money changer - 4.95 last night

[Oh yes]

just TT to my China bank account on Tue was 4.9, a bit lower than last mth 4.92.

[Oh yes]

Originally Posted by TonyCheong2

Funds inflow to China no limit.
China government lagi happy you remit more money into China.
They only control capital outflow.

Due to MAS regulations if above S$5000 remittance company will ask for your NRIC and reason for remittance.
Big amount use bank TT instead.

If you die die want to use remittance companies to transfer funds.
Break up the amount and remit on different days.

yes, they need pay slip too, as I TT twice in a mth.

[Apollo]

Originally Posted by lacoruna69

J8 Money changer - 4.95 last night

thanks bro, time to do some money transfer, +17 pts to you

Hope can see 5.x soon

[xqueen]

Originally Posted by Oh yes

yes, they need pay slip too, as I TT twice in a mth.

bro you invest there? think you will get better return there than SG