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$Fullerton SGD Cash Fund (SG9999005961.MF)$ $CSOP USD Money ...
$CSOP USD Money Market Fund (SGXZ96797238.MF)$
CSOP USD MMF has higher return than Fullerton SGD Cash Fund. if i have to do currency exchange from SGD to USD to put money into CSOP USD MMF, is it wise? i know i have to factor in the consideration of “loss” using moomoo currency exchange, of course it has to depend on ever-changing USD/SGD forex rates.
so, should i pull my money from Fullerton SGD fund, do currency exchange and dump my money into CSOP USD MMF instead? any expert to share some insights please?
CSOP USD MMF has higher return than Fullerton SGD Cash Fund. if i have to do currency exchange from SGD to USD to put money into CSOP USD MMF, is it wise? i know i have to factor in the consideration of “loss” using moomoo currency exchange, of course it has to depend on ever-changing USD/SGD forex rates.
so, should i pull my money from Fullerton SGD fund, do currency exchange and dump my money into CSOP USD MMF instead? any expert to share some insights please?
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rabbitsamlcs OP : thank you so much to all of you who voted, or reading this! so far it seems like an overwhelming response to stay in Fullerton SGD cash fund. do u mind if u can tell me why?
WilliamCyf : If Im not wrong, Sgd is more stable than usd. Usd more volatile due to various factor such as inflation rate, economic outlook etc. As you mentioned, you will incur losses when exchange to usd and vice versa.
102450082 : Currently, the interest rate for ICBC Bank's dollar term deposits has reached 4.85% per annum, so there's no need to take risks here. I personally don't know
rabbitsamlcs OP WilliamCyf : i checked. u r right!!
. https://marketmilk.babypips.com/symbols/USDSGD/volatility?source=gain.
According to the **Monetary Authority of Singapore**, the volatility of the Singapore dollar (SGD) is significantly lower than that of the US dollar (USD) or Japanese yen (JPY) ². The standard deviation of the SGD nominal effective exchange rate was 1.48% between Q1 1981 to Q2 2000, compared to 3.52% for the USD and 4.61% for the JPY ².
Therefore, based on this information, it can be inferred that the USD is more volatile than SGD.
Source: Conversation with Bing, 19/06/2023
(1) Singapore's Exchange Rate Policy - Monetary Authority of Singapore. https://www.mas.gov.sg/-/media/MAS/manual-migration/Monographs/exchangePolicy.pdf.
(2) 1.00 USD is equal to 1.34 SGD. https://bing.com/search?q=usd+sgd+volatility.
(3) USD SGD Volatility Chart: US Dollar vs Singapore Dollar Volatility. https://www.myfxbook.com/forex-market/volatility/USDSGD.
(4) USD/SGD Volatility Calculator and Analysis - MarketMilk
(5) USD/SGD (SGD=X) live rate, chart & news – Yahoo Finance. https://sg.finance.yahoo.com/quote/SGD=X/.
CᖇYᑌI᙭ : It depends on whether do you involve your cash in both the US and SG, for the purchasing power. If you only does 1 side of the market, then converting to the currency which the money market fund is better.
witty Antelope_6723 : USD is gonna drop once they stop hiking rate or lower rate, the risk and reward is not worth it. Most likely you will end up earning 1% extra yield but losing few % in currency exchange rate.
Brianjh : Is all about weighing the risk for yourself. Risk vs reward. csop will give higher returns but might expose you to currency risk, etc
Purple flames : Unless u trade in US shares, not worth taking the currency exchange risk… u convert to USD and then convert back to SGD - 2 times of currency exchange
agreeable Hound_0795 WilliamCyf : yup. sgd more stable
102450082 102450082 :
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