1 USD to SGD (US Dollar to Singapore Dollar) FX Convert

TD Ameritrade vs Interactive Broker

Hi guys I just recently started investing and have been using IB for awhile now. However, I am currently finding the monthly 10USD to be a bit of a roadblock. I have read multiple comparison for the different brokers for Singapore and still have a couple of questions.
Can anyone enlighten me what the process of account funding is like for TDA? Do we transfer SGD into the account and then convert to USD and be subjected to foreign exchange fee? What is the forex spread like? Do we have the option of transferring USD directly? In the case that we have to withdraw our money, do we reverse the process by converting back to SGD?
For those that are currently with TD Ameritrade already, what do you like about the broker in general? Should I shift from IB to TDA?
Thank you!
EDIT: Sorry I think I wasn’t very clear previously. I have been using IB for a while now so I understand all the processes for IB. What I am curious about is the process for TDA if anyone can enlighten me thank you!
submitted by marcusokh to singaporefi [link] [comments]

American expat with bank accounts in three different countries, moving back to China, want to make smart financial decisions.

Hey Reddit.... Got a curve ball for ya folks.
The Background:
So I'm a recent grad (Designer) from the US and I've been much been working abroad since my graduation in 2014. Spent time in Shanghai doing an internship and have worked the last seven months in Singapore.
I've been trying to be relatively money conscious... I was barely sustainable in Shanghai (making terrible pay, did homestay to avoid paying rent), and I've been able to save 50% of my Singapore salary for the last 6/7 months.
Next month I am moving back to China (full time job, Shenzhen, 3 year contract) and I have a couple of questions. Regarding my international accounts.
I have:
$1,000 USD in a Citibank account in the US.
$10,000 SGD in an account in Singapore.
$0 RMB in an account in China.
In China will be making roughly $3,500 dollars per month (in RMB of course).
The Questions:
I'm trying to decide if I need to convert my Singapore dollars into American dollars for easy access. Or should I leave the money in the Singapore acct? Should I keep all the money saved in China in my Chinese acct? Or should I slowly start converting the RMB to USD over time to deposit in my American acct? (btw I have little knowledge of how to play the Forex market so even some basic advice on buy and sell rates would be super helpful).
How should I manage my assets, especially with all the fluctuating currencies? I also obviously don't have a 401k or anything in China, so I also need to consider my savings for the future.
(Also I need a credit card. Ugh. Preferably from US for emergencies?)
Obligatory Appreciation:
Thanks people... It's a bit overwhelming for me since I've never had to manage my finances independently before. Plus the stress of country jumping all the time and taxes (just shoot me lol).
Any help/advice/encouragement is super welcome. Naysayers need not reply. Thanks!
submitted by agent_mulderX to personalfinance [link] [comments]

Western Union

I'm currently working in China, getting paid in RMB. I've decided to go to Singapore for the Chinese New Year. I need to get some of my money back home to Canada. It's not feasible for me to transfer it From China right now. Chinese banking and transfer laws are very strict if you're not Chinese. I'm hoping it's easier to do alone from Singapore. So I've got a couple questions.
Do I need Singaporean ID?
If I am fine with just my Canadian passport, what currency do I need to bring into the Singapore Post/Western Union? Will they take the Chinese RMB, or do I need to convert it into SGD, USD, or CAD? Is Mustafa Forex the best place to do the exchange? Will they complain about exchanging a few thousand dollars in cash?
submitted by George_Maharis to singapore [link] [comments]

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Welcome to the USD to SGD conversion page here at Foreign Exchange UK. Convert Dollars to Singapore Dollars using the foreign exchange rate 13/11/2020 03:33.Info includes intraday forex data if available, an example USD SGD currency conversion table, USD to SGD history listing Dollars to Singapore Dollars values over the last 30 days and historical charts. Are you also wondering what is the 51500 SGD to USD exchange rate today? Or, how to do 51500 Singapore Dollar to US Dollar conversion? 51500 SGD to USD exchange rate Nov, 2020 and 51500 Singapore Dollar to US Dollar conversion data by Conversion Ai provides historical chart price for 51500 Singapore Dollar to US Dollar with easy to use tools like 51500 SGD to USD converter to help you get the ... XE Currency Converter: 1 USD to SGD = 1.36625 Singapore Dollars. Amount. From. USD US Dollar. To. SGD Singapore Dollar. 1 USD = 1.36625 SGD. 1 SGD = 0.731930 USD. 1 USD = 1.36625 SGD. US Dollar to Singapore Dollar Conversion. Last updated: 2020-10-31 03:50 UTC. All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. Want to send ... 1,347 1,356 1,365 1,374 1,384 1,393 Jul 14 Jul 29 Aug 13 Aug 28 Sep 12 Sep 27 Okt 12 Okt 27 120-Tage Wechselkursarchiv für USD in SGD Wechselkurs für die Umrechnung des US-Dollar in Singapur-Dollar : 1 USD = 1,34976 SGD Money Currency Converter › Convert from USD to SGD. The current USD/SGD exchange rate is 1.3601. 1 United States Dollar = 1.3601 Singapore Dollar. USD to SGD today rate is equal 1.3601 . Now, one USD exchanges at a rate of 1.3601 SGD. The latest exchange rate information for the United States Dollar against the Singapore Dollar is 1.3601. Currency converter result page of conversion 1 United States Dollar in Singapore Dollar. Exchange rate of this pair updated every day. FXConvert.net is free, fast and easy to use online tool which give latest rates of pair USD-SGD. Price of one United States Dollar, cost one dot three five Singapore Dollar and converted with today exchange rate. USD/SGD at a Glance U.S. Dollar (Currency code: USD) Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed) The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD. The U.S.A. has by far the largest economy in the world.

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