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Anonymous
I’m thinking of investing monthly with stashaway, however since stashaway invests in a global scale, I read that currency exchange rate is a risk. Will it be a problem?
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Everything is a risk, but holding USD currencies / USD -denominated assets as compared to other developed countries currencies etc euro/pound or emerging market etc rmb/ringgit/rupiah is the least of worries
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StashAway will convert the SGD amount into USD to buy into the ETFs. Depending on the exchange rate,...
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Currency Exchange risk (with every deposit and withdrawal) is definitely significant, especially if you will be transferring funds regularly as part of your regular investments. You can make use of external apps like TransferWise to fund your account. TW offers one of the best conversion rates out there, then you can fund your Stashaway acct from your TW account.
I answered a similar question in detail here: https://seedly.sg/questions/what-s-the-cheapest...
If you're keen, here's a referral link for TransferWise (for fee free transfer of $900):
https://transferwise.com/invite/u/sebastiank815
Hope this helps! :)