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 Oct 30 2017, 10:06 AM
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#1
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Junior Member
146 posts Joined: Sep 2015  
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Hi guys,
I recently activated cross border trading on SGX. For those who trades on SGX, how do you make settlement for purchases in order to manage your forex fluctuations effectively? Is is possible to make settlement directly from my Singaporean bank account? |
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Oct 30 2017, 10:28 AM
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#2
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Junior Member
146 posts Joined: Sep 2015
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QUOTE(djhenry91 @ Oct 30 2017, 10:18 AM) u can change the settlement currency to RM before u buy or sell Yes, I understand. However, when the price of a Sg stock is favourable, the Msian/Singaporean exchange rate might not be good for me and vice versa. Hence, i rather settle in SGD via my Singaporean bank account, where I am able to control the timing of my conversion from MYR to SGD to minimise forex risk. My question is, is it possible to settle my Sg stock purchases directly using my SGD in a Singaporean bank account? |
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Oct 30 2017, 10:47 AM
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#3
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Junior Member
146 posts Joined: Sep 2015
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QUOTE(djhenry91 @ Oct 30 2017, 10:45 AM) can but abit troublesome..need ask ur dealer/remeiser gv you swift code and bank details to do transfer money Oh i see. Alright, thanks. |
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