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> Best way to park and transfer foreign currency, not for investment

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ryan18
post Aug 26 2021, 12:13 AM

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From: bandar Sunway


Alternatively you can use this to lock the GBP rate now
https://mtradeasia.com/main/personal/mercha...a-prepaid-card/
Like having a money changer in your pocket/phone
ryan18
post Aug 26 2021, 03:27 PM

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QUOTE(xander83 @ Aug 26 2021, 02:21 PM)
The worse rates are the spreads with another 2% by Visa  doh.gif
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What do you mean by the spread?
This Is multi currency card, so if you exchanged 100 GBP now for RM 581.20 and keep in the card as 100 gbp. in the future if you spend 100GBP it will also be RM 581.20 as you already stored 100 gbp in the card


ryan18
post Aug 26 2021, 03:34 PM

Look at all my stars!!
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Senior Member
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Joined: Jul 2010
From: bandar Sunway


QUOTE(dwRK @ Aug 26 2021, 02:10 PM)
already told him about hsbc global account... use wise to deposit gbp ... can spend gbp directly with its multicurrecy debit... later can open hsbc uk... link for instant gbp access...

... but carry hard cash like mule... sweat.gif
expensive almost bank fx rates
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I check maybank GBP rate is 5.865 but in this merchantrade card the rate is 5.812.

 

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