Update 15/02/15 : Revised rate in OCBC Malaysia Facebook page:
This year the Chinese New Year would fall on the 19th of February. It coincides with the winter school holidays here, so I wanted very much to go home with Aelig to celebrate this event with my family. Well, didn't make it last year and couldn't make it this year. Hopefully next year then.
I found the below information interesting so I would like to share it with you. In Malaysia, it is the trandition within the Chinese communities to offer angpow (red envelop stuffed with money) from married adult to other unmarried adults / kids. This is just a general guideline on how much money you want to slip into the red evelope before distributing.
Kids love receiving ang pao. I remembered we would share among friends the amount of ang pao we collected. There were many memories : friend bribed me to accompany her to someone's house because the host would distribute angpow; whose parents among our schoolmates would give the highest value. Mostly I envied friends who had grandparents because they would get at least four more angpow than me. At that time, we got RM1 - RM2 from friends parents. RM5 would be considered a big win.
Over the year the market rate has increased significantly. I didn't have much chance distributing angpow because I didn't go back for Chinese New Year every year. The first year I did that I gave out around RM1500 in angpow, which was a huge budget, but on the other hand Aelig received lots of then so it even out. Still, for couple without kids with moderate household income, it must be a big burden doing this.
A site note : I used to think that giving out angpow is so much pratical compared to giving present (eg during Christmas). One of my coworkers told me that she prefers giving gift, as giving 20€ to someone is a big budget to her, but the amount is relatively insignificant to the one receiving. I found it so true. These days kids get so much pocket money that RM20 is really nothing for them, but a nice T-Shirt might make them happy.