facebookI have some money in USD. Will the conversion rate from USD to SGD remain the same? For now I have it in an FD . But it isn't really going to give me any returns. Should I convert or should I continue to invest in USD. - Seedly

Anonymous

27 May 2019

General Investing

I have some money in USD. Will the conversion rate from USD to SGD remain the same? For now I have it in an FD . But it isn't really going to give me any returns. Should I convert or should I continue to invest in USD.

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Are you able to use the USD to generate better returns elsewhere like in the US market? If so, better to keep it in this currency. The reverse is true as well. If you can generate better returns in SGD terms, convert and do so.

Like what Clarence has mentioned, there's fluctuations in currencies so the exchange rate will differ on a day to day basis.

Clarence Chua

27 May 2019

Financial Planning Specialist at Prudential Assurance Singapore

Coversion rates between currencies will fluctuate.
If your risk profile is not comfortable with it, ...

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