Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Should I park my duit in usd or sgd?

views
     
DoomCognition
post Feb 14 2025, 10:26 PM

Enthusiast
*****
Junior Member
737 posts

Joined: Nov 2010


QUOTE(Paradigmata @ Feb 14 2025, 12:25 PM)
Can I use the account to receive in USD?

My salary is received via usd then auto convert to ringgit now with maybank savings account.

If I use HSBC, would it retend as USD?
*
If you have salary in USD, no point to convert to RM. Keep it in USD in a Multi Currency Account.

Secondly, to park money overseas, better to find out how to open an account in SG, VN or KH. Then you can keep your money out of view of the grubby hands of our government. No point keeping USD / SGD in Malaysia as you cannot withdraw it without converting to MYR and the rate sucks when compared to other countries. One time effort for wealth preservation.
DoomCognition
post Feb 14 2025, 10:32 PM

Enthusiast
*****
Junior Member
737 posts

Joined: Nov 2010


https://forum.lowyat.net/index.php?showtopic=5489885&hl=

From my previous thread. May be of interest to you TS.

 

Change to:
| Lo-Fi Version
0.0159sec    0.24    6 queries    GZIP Disabled
Time is now: 3rd December 2025 - 11:39 PM