Richard Kang

14 Jul 2020

∙

How can I change the currency denomination to SGD to mitigate FX risk?

I noticed the Currency denomination of my investment portfolio is USD. How do I change to SGD to mitigate any USD-SGD FX risks?

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Richard Kang

14 Jul 2020

Investment account allows USD deposits

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Tan Wei Ming

14 Jul 2020

Founder and Writer at Frugal Youth Invests

When you invest in overseas stocks, you cannot avoid forex risk.

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Related Posts

I had SGD as my main currency on Saxo and opened a USD sub account. When selling USD denominated positions on the SGD account, will it still auto convert back to SGD?

Should I change my USD dollars back to SGD or use it to change to other foreign currency in the future?

Does buying MCHI mean I'm exposing myself to currency fluctuations of 2 currencies? (ie. USD and RMB). If yes, would it be better to buy an SGD denominated fund?

Could someone explain Fx risk: SGD hedged assets Vs SGD exposed assets

Can I change the default currency from SGD to MYR?