The terms “buy” and “sell” can be confusing for people queuing at the money changer. Here’s a crash course for beginners.
Assuming you are travelling to the US and need some US Dollar (USD), here is what you will see at the exchange board.
If you’re changing your Singapore Dollar (SGD) currency to USD, you are “buying” the USD. Hence the money changer is the seller. You should look at the column “We Sell”.
If you’re changing your USD currency to SGD currency, you’re selling off your USD to the money changer. Hence, the money changer is the buyer. Look at the column “We Buy”.
Where are the moneychangers with the best exchange rates in Singapore then? Watch the video to find out more.
DollarsAndSense’s Inaugural Event On 11 May 2019 (Tickets Now On Sale)
There are many ways to invest. Buy and hold the right growth stocks; invest in stable companies with strong cashflow and earn dividend income; or you can actively trade and make money off volatility in the financial markets. With so many options available, how do new investors get started on their investment journey?
This is the theme of DollarsAndSense’s very first event, In the Footsteps of Masters: Going Beyond #myfirsttrade, organised together with our friends at InvestingNote. This event brings together some of Singapore’s most prominent investors and traders, as they share actionable insights and advice.
Enjoy early bird prices ($18 per ticket, or $28 for two tickets) until 21 April 2019. Seats are limited, so act fast to avoid disappointment.
Head over to register today! We look forward to seeing you there!