Foreign Exchange (FX) touches everyone’s daily life – the right FX solution is essential when you are travelling, sending your child to study overseas or when you are investing to grow your wealth.
As a UOB Privilege Reserve client, you can leverage on our comprehensive suite of FX solutions that offers three key benefits:
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ACCESSAccess as many as 20 global currencies to help you fulfil all your foreign currency needs. |
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UOB FX Solutions gives you access to as many as 20 global currencies+
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+You can access 11 global currencies from as little as S$1 to a maximum of S$50,000 equivalent per transaction on UOB FX+. Our trading desk, on the other hand, gives you access to 20 global currencies with a minimum of S$50,000 equivalent per transaction.
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You can buy your desired foreign currencies in the following ways: |
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Buy at spot (current market) rates. |
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Place an order watch, which allows you to set your desired FX rate. When the market trades at that rate, the conversion will be automatically executed – so you do not need to keep watching the market. |
How it works
For example, if you are trading in AUD and only want to buy at your desired exchange rate, you can place an FX order to buy AUD at your desired rate of 0.9400.
For illustration only.
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You can also spread out your orders to enjoy potentially lower exchange rates with dollar cost averaging. |
How it works
For example, if you are bullish about AUD in the medium to long term, but unsure about short-term movements, you can buy AUD in partial lots to average out the short-term price fluctuations.
For illustration only.
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You can also gain FX exposure through our investment solutions including: |
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Dual Currency Investment, a short-term structured investment product that gives you the flexibility to choose a currency pair from a wide selection of currencies as well as the duration of the investment and your desired exchange rate. It is suited for you if you are indifferent to the two currencies chosen and you are comfortable receiving your money in either the base or the alternate currency. |
How it works
In this example, you choose SGD as your base currency and GBP as your alternate currency at a pre-agreed exchange rate of 1.7000. You will earn interest* during the tenor you choose, with the possibility of converting to the alternate currency at 1.7000.
For illustration only.
*Note: Refer to the Important Notice and Disclosures for Dual Currency Investment at the end of this article.
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FX Structured Note, a type of structured product where the performance is based on its underlying FX currency pair or a basket of currency pairs. It can be customised according to your risk-return profile and view of the market. If you hold a longer-term view on a specific currency pair or a basket of currency pairs, you can gain exposure through this at your preferred tenor. |
FX Structured Note can be classified into the following broad categories:
Variable Potential Returns
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Potential return: Lower |
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Risk: Lower |
Potential full return of investment amount at maturity^.
Enhanced Potential Returns
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Potential return: Moderate |
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Risk: Moderate |
Potential risk of losing partial investment amount at maturity.
^Return of investment amount at maturity is subject to credit risk of the issuer (and the Guarantor under the guarantee).
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CONVENIENCEMake FX conversions and transfers at your convenience across a variety of channels, including UOB TMRW and UOB Personal Internet Banking. |
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The convenience of choosing your preferred channels
Whether you are trading in FX or making foreign currency payments, you can do so at your convenience across a variety of channels. You can log in to UOB Personal Internet Banking or choose to use UOB FX+ via the UOB TMRW app for all your FX needs. If you prefer to speak to someone, you can call your dedicated Senior Client Advisor or a FX Specialist.
UOB FX+ Debit Card
Convert 11 popular currencies at rates as good as what you see online, with no conversion fee.
Enjoy 3.25% cashback on all other foreign currency spend, with no cashback cap. Valid till 31 December 2024.
S$5 cashback on overseas ATM withdrawals.
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EXPERTISETap on the expertise of our FX Specialists and get regular market updates to stay informed on the latest FX and market trends. |
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Tap on the expertise of our FX Specialists
You will have access to our team of FX Specialists, who have an average of more than 10 years of experience, and receive regular insights to help you stay informed on the latest market trends.
Whether you are saving, investing, trading or making payments, UOB FX Solutions can help fulfil your foreign currency needs.
