[mygirly]

Originally Posted by hawkeye007

I think i can answer this question as I'm quite close to a few moneychangers.

Usually, the local moneychanging rate for the week after a long weekend is lower than usual before the moneychangers have too much SGD on hand. They need to sell off their SGD before they can resume "business as usual".

For example, on last Thursday, the XE rate was hovering at around 9630-40. Usually, I will be able to get at least 9600-10 based on the average XE rate that day. However, I texted my usual moneychanger and he said the absolute best he can do was 9550. I also asked around in BCS and the usual offering was only 9520-30.

On the contrary, the XE rate today is around 9670-80 and the moneychanger says he can give me 9630; the rate should be marginally better tomorrow, I'm expecting 9650.

Hope this explains things a little.

Tks for the details explanation.