StayCalm
2022-04-17

Those who trade in overseas market. Did currency exchange significantly eats up your profits?

Ask & Help
This is the place for all Tigers to offer and ask for help.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Bonta
    2022-04-17
    Bonta
    I do know of people who purposely do exchange when the rates are better to get a favourable rate. But thats more time consuming though. If u are worried about fx, perharps this can be an option
  • Bonta
    2022-04-17
    Bonta
    Tiger’s exchange rate is considered good compared to others. As long as there isnt frequent conversion to and fro, it shouldnt affect profits in a significant manner.
  • muiee
    2022-04-17
    muiee
    Do Tiger share rate used, is it preferential exch. rate with big-3 SG banks, like other brokers? If so, bank is probably earning more, not Tiger? Will be better than currexch directly w big-3 bank.
  • Furore
    2022-04-17
    Furore
    When I first started trading many years ago, USD to SGD rate was around 1.7+
    Now it had fallen to 1.3+
    I heard that it had even went to 1.2 once
    So I think it would
    • Furore: 
      If you're afraid it would, you might want to consider investing in the China market instead
      Heard that RMB had been growing stronger for the past few years which could be good if this trend continues
Leave a comment