All the while, I thought I am still getting around RM3.17 against USD1. But I just checked and found that the rate is now only RM3.15 offered by AlRajhi Bank.
My latest transaction is yesterday. It takes three days to clear from PayPal to my account in AlRajhi bank.
Each time, I can only withdraw USD500 per day and USD 5 is deducted by Paypal so I am cashing USD495 only. For USD495, I get RM1,560. This is a little bit better than previous month.
Earlier in the month, I get only RM1,535. So, is the USD strengthening or the RM weakening? Bah, I can never understand them. I only wish the exchange rate is still 3.80 like when I first started making USD.
In November 2007, the exchange rate was RM3.30 for one USD. It is a huge difference. Previously, I get RM1,640, now I get only RM1,535. (base on May 5th exchange rate) That means I was losing RM105 each time I cashed out USD495.
All the more reasons to make more money, eh? Otherwise, we will keep slipping in our monthly income.
BTW, Google payment is ready for cashing out from any Western Union bank branch in Malaysia. Woohoo, pay day again!