Nov 4 2021, 08:12 PM
QUOTE(KenYoung @ Nov 4 2021, 06:37 PM)
CIMB SG is closing my acc.. want some opinion/suggestion frm sifus kalian... i have 2 options..
1. convert it to MYR NOW and get rate @ 3.06-3.07 (no charges)
2. send to my Foreign Currency Acc in CIMB MY(around 60 sgd charges or maybe more).. (and do Dual Currency Investment - something very new to me ive not done it - my RM suggested me to pair with AUD?)(if i go by this option but suddenly decide to sell my SGD to CIMB MY - rate is circa 3.03)
taking into consideration these r extra funds for investment, im inclined to option 2. but would appreciate some inputs?
Your RM really useless recommending AUD for DCA 1. convert it to MYR NOW and get rate @ 3.06-3.07 (no charges)
2. send to my Foreign Currency Acc in CIMB MY(around 60 sgd charges or maybe more).. (and do Dual Currency Investment - something very new to me ive not done it - my RM suggested me to pair with AUD?)(if i go by this option but suddenly decide to sell my SGD to CIMB MY - rate is circa 3.03)
taking into consideration these r extra funds for investment, im inclined to option 2. but would appreciate some inputs?
If it’s DCA you will be better off now with NZD as when the rate rising soon you will gain in interest unlike AUD which is at its peak already
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