Take Control of Your FX Needs
Conventional foreign currency or FX transaction via banks come with certain restrictions. Firstly, FX transactions are priced at the board rate which means that you are probably paying a higher rate as compared to the potential market rate. Secondly, due to how FX is traded, you could only have access to FX services from the banks during working hours from Monday to Friday.
Now, with the introduction of HSBC’s real-time FX rate, you are able to gain better control over your foreign currency needs and transactions. It offers you the convenience and flexibility to perform FX transactions anytime, anywhere.
Whether you need to convert or transfer FX between your own accounts or remit funds overseas, the competitive real-time FX pricing available through HSBC’s real-time FX rate could potentially offer you a favourable rate each time you perform FX transactions. This can be helpful when the currency markets are volatile and the Ringgit is fluctuating.HSBC’s real-time FX rate provides extended hours for Ringgit FX conversions from 9am to 12am during working days, as well as extended hours for FX to FX conversions seven days a week round-the-clock. This allows you to transact Ringgit FX conversions after working hours and even on weekends for FX to FX conversions at your convenience.Other useful features of HSBC’s real-time FX rate include the ability to set standing orders for repeat or pre-dated transactions so you never miss a transfer, and also gain access to a wider range of foreign currencies available for accumulation and remittance.
You can also take control of your FX needs through HSBC Premier which gives you access to our banking services and support anywhere in the world. For example, if your child is going off to university in Australia or another foreign country for further studies, you can open an HSBC Premier account from Malaysia (subject to host country approval). You can also view, manage and make instantaneous, fee-free international fund transfers between your HSBC Premier accounts through HSBC Global View and Global Transfer for your child’s university fees and expenses.
To find out more about HSBC’s real-time FX rates and HSBC Premier’s international banking solutions, please contact your Relationship Manager or visit any of our branches.
• Sources: 1 The Sun Daily, Ringgit Faces New Round of Volatility with Brexit, June 27, 2016. 2 The Star Online, Ringgit Strengthens to 4.00 Against US Dollar, March 23, 2016.
3 Bloomberg.com, Ringgit Extends Decline as Brexit Spurs Haven Demand, Oil Falls, June 27, 2016. 4 The Star Online, Ringgit Affected by Sterling’s Wild Swings, June 25, 2016.