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Investing in Chinese Yuan

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whiterr
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Investing in Chinese Yuan

Post by whiterr » Wed, 16 Dec 2009 3:48 pm

Does anybody know how to invest in the above currency from Singapore?

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Strong Eagle
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Re: Investing in Chinese Yuan

Post by Strong Eagle » Wed, 16 Dec 2009 5:14 pm

whiterr wrote:Does anybody know how to invest in the above currency from Singapore?
It's pegged to the US dollar. Currently 6.83 yuan to the dollar with six month forecast being exactly the same.

revhappy
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Re: Investing in Chinese Yuan

Post by revhappy » Wed, 23 Dec 2009 9:03 am

whiterr wrote:Does anybody know how to invest in the above currency from Singapore?
As the Yuan is not fully convertible it trades in the NDF market, so it is tough to get it at normal FX brokers. You can try Standard Chartered. But I guess you need atleast 50,000 SGD of Investible capital for that.

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