facebookDoes Interactive Brokers auto convert unused USD back to SGD? - Seedly

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Anonymous

Edited 08 Aug 2021

General Investing

Does Interactive Brokers auto convert unused USD back to SGD?

Newbie here. I checked the July statement and I can see that I bought USD on their platform, bought ETFs and 2 days later, I noticed that it converted back all the remaining USD to SGD at a different rate but 0 commission.

I can see that my ending cash is all in SGD and 0 USD.

Is this their SOP?

Or how can I set whatever USD I have will stay as USD?

Discussion (5)

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Tan Choong Hwee

08 Aug 2021

Investor/Trader at Home

No, it doesn't auto convert.

What you see may be the mark-to-market value of your portfolio, probably because your base currency is SGD.

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