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$CSOP USD Money Market Fund (SGXZ96797238.MF)$ Do I need to ...

$CSOP USD Money Market Fund (SGXZ96797238.MF)$ Do I need to worry about SGD to USD conversion rates? Really want to subscribe but worry about the rates that can differ unfairly - it's especially obvious when I see USD payments vs the refunds ;-;
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  • 102697806 : Yes, usd/sgd can differ greatly. You can just go google and look for usd/sgd chart and assess the risk of it for just the extra 1+% interest (compared to sgd mmf). Ultimately, you have to decide if the extra interest is worth the exchange rate risk. Also, remember that exchanging money does have a markup charged by companies which increases your cost. Hope this helps.

  • Deathiie OP : Ahh I see, noted [undefined]

  • DLTVFG : Unless you have specific plans to use your usd or any other forex, sticking to your base local
    currency will be simpler

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