When to get the best exchange rates for foreign currencies | Money Talks podcast

Описание: If the US dollar weakens against the Singdollar, should you buy it even if you’re not traveling to the US anytime soon? And what happens if the rate drops drastically?

In this week’s Money Talks episode, Khoon Goh, head of Asia research for ANZ gives a run down the basics of currency exchange.

00:00 Intro
01:16 What to consider before converting
02:22 Pros and cons of multi-currency wallets
03:29 When is the best time to change?
06:11 Should you buy weakened currencies?
07:05 How headlines affect exchange rates
09:04 Benefits of using multi-currency apps
11:56 Is holding foreign currency an investment?
14:48 Key risks with multi-currency apps

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