Foreign Exchange FAQ
What is foreign exchange (FX)
How do I invest in FX?
There are a variety of ways you can invest in FX including trading in the FX market, buying foreign currency and foreign currency options, or investing in exchange-traded funds. HSBC also has several FX solutions for those who would like to invest in FX including Dual Currency Investments, Foreign Currency Time Deposits, Bonds and Structured products depending on your risk appetite and needs. For more information, please visit www.hsbc.com.my/fx.
When is it a good time to buy Foreign currency?
With careful research and tracking of the following factors3 that may affect foreign currency movement you can time your foreign currency trades/investments/purchases by monitoring the market and trading/investing/buying when the price is favourable to you, allowing you to build your FX investment over time:
How does FX benefit me?4
The need for foreign currency is not limited to big businesses. It could be used by:
Why is it difficult to predict
What are the short-term factors
What are the long-term factors
How can I make informed decision
2 Investopedia.com, How Do You Make Money Trading Money?, undated.
3 The Economic Times, Short & Long-Term Factors That Impact Currencies Across the World, 1 July 2013.
4 Businesstips.nab.com.au, Getting the Right FX Solution, undated.
5 Barclays.com, , FX FAQs, undated.
6 CompareRemit.com, 8 Key Factors That Affect Foreign Exchange Rates, undated.