FX Invest for Students

FX Invest is especially useful for students who wish to further their studies overseas. Whether you are paying for your school fees or lodging expenses, you can put aside your worries about currency fluctuations when you open a FX Invest account with us. With FX Invest, you have the power to obtain all year round competitive exchange rate at your own time and convenience.

Scenario 1: Student A converts with FX Invest
Student A is going to Australia for further studies. His school fees amounts to AUD100,000. Using FX Invest he is able to convert at an exchange rate of 1.1941 for AUD/SGD, buying AUD100,000 with SGD119.410.

Scenario 2: Student B converts with XYZ Bank
Student B is also going to Australia for further studies requires to pay the same amount of school fees. At XYZ Bank, he converts at an exchange rate of 1.2028 for AUD/SGD, buying AUD100,000 with SGD120,280.

Summary of Scenario Analysis

Based on the analysis above, Student A is able to save SGD870 per transaction using FX Invest. At Phillip Futures, we are committed in providing competitive prices to our customers, you will enjoy greater savings when you use FX Invest to buy foreign currencies or remit funds for your school fees. Furthermore, using FX Invest, enjoy hassle free ONLINE remittance services. In other words, you are able to T/T your funds round the clock. Above all, you are able to choose your desired exchange rates through our online platform- FX Invest at the comfort of your home.

*Exchange rates are for illustrations only, and may varies from bank to bank.
**In comparison with most major banks in Singapore, Phillip Futures – FX Invest offers a more attractive exchange rate.