May 31 2019, 07:18 AM
QUOTE(csbong87 @ May 31 2019, 07:05 AM)
I query about the FD conversion as of 1.8% × 3 thus FD convert back to MY would be 5.4%. Is this even legit
You can't count like this, you already convert yr MYR to SGD already. Need to use the same currency..
Borrow my friends explanation.
Put in amanah:
RM50000 x 4%pa = RM2000 interest
Put in cimb sg:
$16667 (RM50000) x 1.8%pa = S$300 (RM900) interest.
Your x 3 is the conversion rate, not the multiplication of interest.
XP or else I'd go pound (x5) or USD (x4)
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