premier banking
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Dual Currency Pairing is not about the rate, it’s about the tenure. The rates offer by different banks are at very marginal difference, you get a better rate is due to the unfavourable tenure.
The interest rate and even the exchange rate are all factored in when they fix a tenure. Basically, you should focus on how long you think the currency you paired is going to work in your favor otherwise you always end up with the weaker currency.
IMO, unless you are well verse with currency future trade or you have to hedge over a certain currency, else this is not your game. My 2cents. -
Don’t think of dual currency pairing as a deposit. Think of it as selling an option. What you get is not really interest. It’s an option fee.
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pirate:
Don't think of dual currency pairing as a deposit. Think of it as selling an option. What you get is not really interest. It's an option fee.
Tried before, ended up RM claimed she made a mistake in her computation, so loss :moneyflies: , so give up
in the end dump $$ into shares ... get burned too :sad: but in the current 'super' low interest environment, how to accumulate $$$ for retirement if dun invest ?
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Harlequin:
This is completely true!!
IMO, unless you are well verse with currency future trade or you have to hedge over a certain currency, else this is not your game. My 2cents.
Although one is quite unlikely to make a big loss in DCR, the 'attractive' return is basically someone paying you to take a risk on their behalf. And as in all risks, sometimes it happens......
Making money in DCR is harder than it seems! -
sharon1234:
There will not be loss limits to your profile but you may wish to find out if there is any risk mismatch between the invested product and your risk profile. The risk rating of a product will likely differ among different financial institutions. If there is a mismatch, there is likely to be a process to document the basis of the recommendation and/or indemnity documents which you may have signed.I have noted all your sharing. Thank you.
yes, my risk profile is \"balance\".
I need to find out if the loss exceeds the limits of my profile. It is in DCR... Has anyone had similar experience?
Do you have any complaint about misrepresentation about the features or risks associated with the product? You can write to their Compliance Department setting out your case for their investigation. -
Thanks again.
I didn’t read the fine prints attached with the investment. They are lengthy … need to spend some time over them… -
Very Nice Information share by members, I also have many account and facing problem but these tips help me.
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