$CSOP USD Money Market Fund (SGXZ96797238.MF)$ 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
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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.
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 [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
DLTVFG : Unless you have specific plans to use your usd or any other forex, sticking to your base local
currency will be simpler