Advertisement
Anonymous
For example, opening an account in US, and exchanging my SGD to USD and store there, whenever the forex rate is favourable.
9
Discussion (9)
Learn how to style your text
Reply
Save
Alex Chua
28 Feb 2020
Seedly student Ambassador 2020/21 at Seedly
U may want to consider multi-currency card. It can help u store but doubt that it will earn you interest as of now. Otherwise, multicurrency account.
Another way is buy foreign stocks
Reply
Save
There's this account by standard chartered which I use, USD high account, to store my USD.
Reply
Save
There could be some value to put it into safe havens like Swiss Franken CHF
(or Japanese currency?)
However I would discourage currency speculation generally.βββ
Reply
Save
Elijah Lee
18 Nov 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
One option is to consider transferring your funds to a trading account, and then converti...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
4.8
782 Reviews
Maximum Interest: 2.50% p.a. for balances up to S$50,000
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
4.4
321 Reviews
4.7
212 Reviews
Related Posts
Advertisement
You can create a multi currency account and change your money through it. You can also used the other currency to buy other equities to improve returns.