foreign currency fixed deposit

[peacefulday]

long USD.......

 

[lcpteck]

long USD.......

Any USD FDs?

 

[peacefulday]

Any USD FDs?

i placed some USD 6mths FD 0.9% on May, current promotion seemed lower at 0.73%.

Welcome to CIMB

 

[lcpteck]

Wonder how far USD will rise.

Should I change some of USD to SGD? I don't have any use for them for these 2 years though. Wonder if I should convert some to SGD and do a SGD FD or just put in USD FD instead.

 

[Shiny Things]

Wonder how far USD will rise.

Should I change some of USD to SGD? I don't have any use for them for these 2 years though. Wonder if I should convert some to SGD and do a SGD FD or just put in USD FD instead.

If you don't have any use for the USD, and SGD is your home currency, you should convert the FDs back into SGD. There's no good reason to have money sitting in foreign-currency fixed deposits - you get miserable interest, and you're exposed to foreign exchange risk. Why bother?

 

[lcpteck]

If you don't have any use for the USD, and SGD is your home currency, you should convert the FDs back into SGD. There's no good reason to have money sitting in foreign-currency fixed deposits - you get miserable interest, and you're exposed to foreign exchange risk. Why bother?

Trying to see when is a good time to convert some USD over to SGD. Probably will withdraw some USD (from my DBS MCA) over the counter and go money changer to change.