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!
11 thoughts on “The shrinking USD versus MYR”
Paul Tan
(May 29, 2008 - 2:30 am)I want to cry…
konhin
(May 29, 2008 - 7:48 am)well i’m losing tens of thousand to this kind of exchange shit, not only i want to cry, i want to die.
KiDkillER
(May 29, 2008 - 8:38 am)lilian ahyi, good income you have..keep it going ^^
Hope you can get more than that in future..cheer !!
But my Adsense get banned..aih..cant serve Adsense..keep sending appeal letter to them..they only reply once said cant..after that no reply already..sad..=`~
pb
(May 29, 2008 - 2:40 pm)yay about collecting money this month, boo about the lower exchange rate. I’m looking at it this way. Even if its a lower rate, At least I am still picking up the dough! :)
money from blog
(May 29, 2008 - 7:59 pm)When I started make money online rate was $3.30 but now I can feel that USD is going to be strong again.Hopefully :)
Desmond- GradeMoney.com
(May 30, 2008 - 2:34 am)USD 500 a month is a lot. I only got like $50 a month. =(
Make Money Talks
(May 30, 2008 - 5:30 am)I hate $ crush, it’s make me cry when i see how much power $ had 2-3 years ago!
Apiksolutions
(May 30, 2008 - 4:36 pm)Owh, so, you’re success blogger
pablopabla
(June 2, 2008 - 11:18 am)Just cashed out via Western Union at CIMB 30 minutes ago. Rates are at RM3.187 per USD$1.00. I loss about RM74.53 compared to exchange rate at RM3.80.
stephanxiao
(June 2, 2008 - 6:11 pm)Now the USD is crushing quickly, it makes us crying.Like you said,I only wish the exchange rate is still 8.0 (8RMB for one USD)like when I first started making USD. However, I alwayts appreciate you as a great blogger because you make more money than most of us.
Nelson
(June 16, 2008 - 10:38 pm)Can you transfer money from PayPal to AlRajhi bank? I thought can only transfer to a US bank account?
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