When to get the best exchange rates for foreign currencies | Money Talks podcast

If the US dollar weakens against the Singdollar, should you buy it even if you’re not traveling to the US anytime soon? And what happens if the rate drops drastically? In this week’s Money Talks episode, Khoon Goh, head of Asia research for ANZ gives a run down the basics of currency exchange. 00:00 Intro 01:16 What to consider before converting 02:22 Pros and cons of multi-currency wallets 03:29 When is the best time to change? 06:11 Should you buy weakened currencies? 07:05 How headlines affect exchange rates 09:04 Benefits of using multi-currency apps 11:56 Is holding foreign currency an investment? 14:48 Key risks with multi-currency apps Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms:   / channelnewsasia     / channelnewsasia     / channelnewsasia