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Anonymous
For example, opening an account in US, and exchanging my SGD to USD and store there, whenever the forex rate is favourable.
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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
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There's this account by standard chartered which I use, USD high account, to store my USD.
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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
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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...
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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.