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Anonymous

19 Oct 2019

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General Investing

How do you convert SGD to USD to invest in US stock markets with minimum currency loss?

I've recently opened up DBS Vickers and Saxo market account, looking to invest in the US market and trying to minimize currency losses.

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Harvey Tan

19 Oct 2019

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Is it common to use platforms like TransferWise to convert your SGD to USD to invest in US stock market or people generally let their banks/brokers convert at their rates + any conversion fees?

Can anyone advise which is the best broker to use for US market, taking into account that I have a multi-currency account and prefer to keep USD rather than constantly converting between SGD-USD?

I just transferred $13,000 SGD to IBKR. I plan to buy some US stocks, i.e. NVDA. Should I just proceed to buy leaving the currency in SGD or should I get IBKR to convert it to USD first. Thanks

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Is it common to use platforms like TransferWise to convert your SGD to USD to invest in US stock market or people generally let their banks/brokers convert at their rates + any conversion fees?

Can anyone advise which is the best broker to use for US market, taking into account that I have a multi-currency account and prefer to keep USD rather than constantly converting between SGD-USD?

I just transferred $13,000 SGD to IBKR. I plan to buy some US stocks, i.e. NVDA. Should I just proceed to buy leaving the currency in SGD or should I get IBKR to convert it to USD first. Thanks

What is the most cost efficient way to invest in US market? (Convert SGD to USD)?

Which bank gives better rates for covering SGD to USD for US stock investments? Am considering DBS multi currency account and SC bonussave?

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