Singapore Expats Forum

Investing in Chinese Yuan

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.

whiterr
Regular
Regular
Posts: 89
Joined: Fri, 14 Nov 2008

Investing in Chinese Yuan

Postby whiterr » Wed, 16 Dec 2009 3:48 pm

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

User avatar
Strong Eagle
Moderator
Moderator
Posts: 11110
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Re: Investing in Chinese Yuan

Postby 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
Editor
Editor
Posts: 1067
Joined: Wed, 10 Jun 2009

Re: Investing in Chinese Yuan

Postby 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.


  • Similar Topics
    Replies
    Views
    Last post

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 3 guests