Advertisement

Anonymous

20 Feb 2023

∙

General Investing

Thoughts on converting all investment SGD to USD now via IBKR & parking in USD cash management/Money market

Was thinking of converting all SGD to USD to save IBKR currency exchange fee.

5

Discussion (5)

What are your thoughts?

Learn how to style your text

Choon Yuan Chan

01 Mar 2023

Its a good idea. For now I have switched, about 70% of my cash to USD and HKD. The interest earned is higher as well at about 5% interest

Reply

Save

SH

24 Feb 2023

Not bad idea

Reply

Save

Financelearner

20 Feb 2023

I feel that you need to consider the exchange rate for SGD/USD since they can also fluctuate and you...

Write your thoughts

Related Posts

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?

Hi all! What are your thoughts on converting SGD to USD through FSMone vs Transferwise, for a monthly investment of amount 300 SGD for RSP? Which is more cost-efficient based on your experience?

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

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

How does one invest syfe equity 100? Does he/she direct transfer fund from bank SGD to let Syfe to convert to USD or use Revolut to convert to USD then fund in Syfe?

Related Posts

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?

Hi all! What are your thoughts on converting SGD to USD through FSMone vs Transferwise, for a monthly investment of amount 300 SGD for RSP? Which is more cost-efficient based on your experience?

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

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

How does one invest syfe equity 100? Does he/she direct transfer fund from bank SGD to let Syfe to convert to USD or use Revolut to convert to USD then fund in Syfe?

Advertisement