UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Author: TaoFelix Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 38  
Subject: Ringgit Date: 5/14/2008 12:25 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
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?
Print the post Back To Top
Author: cmbutler2 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 33 of 38
Subject: Re: Ringgit Date: 5/16/2008 10:49 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
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

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Advertisement