$CSOP USD Money Market Fund (SGXZ96797238.MF)$ Why the total...
Why the total investment value keeps dropping? The currency doesn’t vary much actually, the interest change daily is not significant at all.
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Dadacai : USD to SGD has been dropping but no currency conversion has taken place. It is just to show the value of USD in SGD. This is the foreign currency risk that applies to assets denominated in a foreign currency.
102918155 OP : How much is the USD to SGD traded for past week? It doesn’t drop much in fact.
Dadacai 102918155 OP : You can search for USDSGD in the moomoo app to check the historical rates (but the rates used by moomoo will not be as competitive as the chart as it is probably using the same rate as the in-app currency exchange). As long as the USD amount is correct and you don’t mind holding the asset in USD, there is no need to keep looking at the exchange rate. If you have no confidence in the exchange rate of USD against SGD, maybe you need to reconsider having assets in USD.
103253802 : I am wondering if there is foreign currency risk why even consider USD money market does not appear to be an upside from the comments. Why did MM specifically chose this usd fund only?