In an era where information and technology reigns, smart investors are now given an option to perform currency conversion via internet. Phillip Futures is proud to introduce an online non-leveraged trading platform- FX Invest for foreign currencies trading. With FX Invest you can enjoy all year round competitive exchange rates for further savings on your investments.
Scenario: Paying for your property abroad
Daniel needs to pay AUD1,000,000 for a property investment.
Checking the rate with XYZ bank
The bank quotes an exchange rate of 1.2028 for AUD/SGD, requiring SGD1,202,800 to get AUD1,000,000
Checking the rate with FX Invest
FX Invest quotes an exchange rate of 1.1941 for AUD/SGD, requiring only SGD1,194,100 to get AUD1,000,000.
Summary of Scenario Analysis
| FX INVEST | XYZ BANK | |
|---|---|---|
| AUDSGD Conversion @ | 1.1941* | 1.2028* |
| Pays in SGD | $1,194,100 | $1,202,800 |
Daniel being a smart investor opts for FX Invest whenever he purchases a property investment. So be a smart investor like Daniel and sign up for FX invest today to enjoy greater savings!
*Exchange rates are for illustrations only, and may varies from bank to bank.
Download the FX Invest User Guide for more information
250 North Bridge Road,
Raffles City Tower, #07-01,
Singapore 179101
Tel: 6538 0500 (Marketing Desk)
Email: futures@phillip.com.sg