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Old 07-03-2015, 12:05 AM   #3606
S1mpleGuy
Master Member
 
Join Date: Jan 2015
Posts: 2,935
Right now, SCB exchange
1000 SGD at 1.377654 to USD. So you get 725.87USD from 1k SGD
1000 USD at 1.352902 to SGD. So you get 1,352.90SGD from 1k USD.
Is there a reason why u r using SCB instead of IB?
I went to check the usdsgd spot rate at your time of posting and it is 1USD at 1.3645 SGD. This means that u wil get 732USD from 1k SGD if u wan to buy US shares and 1,364SGD if u cash out ur 1k USD worth of US shares.

The cost savings are more than the USD10 inactivity fee IB charges per month, and will be even greater for larger transaction amounts.

Is there sth that i have missed out as to why u use SCB?
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