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. - Seedly
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Anonymous

Asked on 27 May 2019

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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Coversion rates between currencies will fluctuate.

If your risk profile is not comfortable with it, you may want to consider keeping it in SGD instead.

FX investment tend to have more volatility as either currencies can rise or fall. I myself, to not do fx investment due to this nature.

You may want to consider your desired outcome and put it against the risks to determine if you want to stay invested or not.

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ūüĎć
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Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 9. God of Wisdom
Answered on 27 May 2019

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.

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ūüĎć
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Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
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