Hi,

If i bought some share in RDSA Armsterdam but just wondering could i sell the share and keep the cash in euro in oversea bank?
Then i could wait the Euro higher only i change the currency from euro to MYR??
Or can local bank do this for me?

Can.

Even for local bank you can transfer the Euro into your own foreign currency account which you do not need to convert back to RM if wish to.

Yay, thanks a lot.
Resolved.
Can help close this thread?

This post has been edited by popcorn513: Feb 4 2010, 06:04 PM

Cherroy, you mean as a foreigner/tourist with no jobs/address can just go to Netherlands to open a bank account?? wow.. i didnt know that >_<"

btw i think this thread doesnt belong here

I think he means that you open a foreign currency account at a local bank here then transfer your foreign dosh into it - and get interest. It's dead easy to open a Multi-Currency Account. I use RHB's MCA and have had no problems with it. Can easily switch between currencies as well.

No, what I meant is what David had posted.

I don't know the state of TS situation, just answer merely from TS's question.

I presumed TS is local, that had bought some overseas share then want to dispose and transfer the money back to Malaysia or keep in overseas.

Hi to be clear my plan was to sell the share in oversea/Armsterdam when it reach my target share price, and again change the Euro currency to MYR when i get good Forex rate (and i suppose i should get the tiny interest rate in that foreign currecy account, although i don't really concern on the interest rate earned)

Anyone know where got free service (web service) to automatically inform/email me when my share price/forex hit certain rate? So i no need to monitor it

This post has been edited by popcorn513: Feb 5 2010, 05:03 PM

How did you get access to RDSA Amsterdam

ermm...assuming u gained capital by liquidating ur shares...then from the foreign account u transfer $$$ back to local bank here, do u get taxed?

He's RDS staff. Of course, they will have ESOS @ cheaper price.

if you convert from foreign currency to local, u have to check out the current FOREX also...

Some prefer to keep the foreign currency and they wait for the best time.