I live in Malaysia and am paid in Malaysian ringgit. (Had the choice of ringgit or USD an wisely chose ringgit. It's up 12% vis-a-vis the dollar since I moved here.) I've accumulated considerable ringgit cash savings, invested in CDs at 3.7-percent. However, I'm uncomfortable holding so much ringgit cash and want to diversify, perhaps into Singapore dollars. Any comments or suggestions?
I guess one way would be to put money in a bank in Singapore if that is the currency you want to invest in. Unfortunately there isn't a currency ETF for the Singapore dollar. If you wanted to look at other currencies, you can buy ETFs for the peso, British pound, Australian dollar, yen, Swiss franc, and others. That would be the way I would go to diversify. Other options include buying Singapore dollars on from an FX exchange. I do not think you will earn interest on them though. You could also look at buying Singapore bonds.hope that helps,cmbutler2
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