Currency exchange rates change constantly, creating opportunities for you to grow your wealth. And to make the most of them, you need services that are flexible enough to cope with a dynamic market. With DBS FX Trading Services, you can trade when you want, by order watching service and access time deposits in a range of currencies to suit your needs.

 

24x7 real time FX Trading Service

Highlights

  • Make the most of market conditions with our 24x7 FX Trading Platform*
  • Seize the moment by making trades any time of day or night. You’ll also receive preferential rates by using DBS iBanking or DBS digibank.
  • *Foreign Exchange can be conducted 24x7 within Wealth Management Accounts and from 00:00-23:30 within Multi Currency Savings Account. For cross currency transactions between Wealth Management Accounts and Multi-Currency Savings Account, it would be subject to the service hours of 09:00-21:00, Monday to Friday. For details, you can always refer to Funds Transfer Cut-Off Time.
  • Spread your holdings by trading in up to 14 of the most common currencies, including HKD, AUD, CAD, CHF, CNY (offshore), DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD and USD.
  • Grow your wealth with our Foreign Currency Time Deposit
  • Make your money work harder, and enjoy the ease of conducting FX trading and placing a Time Deposit all in one place using DBS iBanking and digibank. Check out our exclusive preferential interest rates and extra rewards today.
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  • Terms and Conditions apply for the preferential interest rates and extra rewards.

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FX Order Watching Service

Highlights

  • Be prepared every time with our FX Order Watching Service
  • Never miss another currency trade opportunity again with our FX Order Watching Service. Monitor FX changes and make the most of every market event using different pre-set order types.
  • Access a useful range of available currencies
  • Buy and sell 11 major currencies, including USD, SGD, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD and CNY (Offshore).
  • Order Watching Types

Example 1:

Spot Rate of AUD/HKD = 6.20

You may want to buy AUD at a lower price in the future, such as 6.10. You can place an order to buy AUD at AUD/HKD = 6.10. The order will only be executed if the price of AUD/HKD drops to the specified price (i.e. AUD/HKD = 6.10). The order will lapse if the price does not reach the target until expiry.

Example 2:

Spot Rate of AUD/HKD = 6.20

You have holdings in AUD bought at AUD/HKD = 6.20. You may want to lock in the potential gain, such as when it rises to AUD/HKD = 6.30. You can place an order to sell when the market rises to a specified price (i.e. AUD/HKD = 6.30). The order will only be executed if the price of AUD/HKD rises to AUD/HKD = 6.30. The order will lapse if the price fails to rise to the specified target until expiry.


Example:

Spot Rate of AUD/HKD = 6.20

You have holdings in AUD bought at AUD/HKD = 6.20. You may want to limit the potential loss, such as when the rate falls to AUD/HKD = 6.10. You can place an order to sell when the market falls to a specified price (i.e. AUD/HKD = 6.10). The order will start to execute at the market price once the price of AUD/HKD drops to AUD/HKD = 6.10. The order will lapse if the price does not fall to the specified price until expiry.


Example:

Spot Rate of AUD/HKD = 6.20

You have holdings in AUD bought at AUD/HKD = 6.20. You may want to lock in your profit, such as if AUD/HKD pricing goes up to 6.30, and at the same time limit your loss, if the pricing of AUD/HKD falls to 6.10

You can place an OCO order to take profit when AUD/HKD = 6.30 or stop loss when AUD/HKD = 6.10. The execution of one order would cancel the other order. And both orders will lapse if the price does not reach either 6.30 or 6.10.


Example 1:

Spot Rate of AUD/HKD = 6.20

You may want to buy AUD at a lower price in the future, such as 6.10, and subsequently lock in the potential profit. You can place an order to buy AUD at AUD/HKD = 6.10 and place another order to take the profits when AUD/HKD = 6.30.

The buy order will only be executed if the price of AUD/HKD drops to the specified price (i.e. AUD/HKD = 6.10). The order will lapse if the price fails to reach the specified target until expiry.

Only if the buy order has been executed will the subsequent sell order be initiated. The second order will lapse if the price does not reach 6.30 until expiry.

Example 2:

Spot Rate of AUD/HKD = 6.20

You may want to buy AUD at a lower price in the future, such as 6.10, and subsequently limit potential loss. You can place an order to buy AUD at AUD/HKD = 6.10 and place an order to stop losses when AUD/HKD = 6.00.

The buy order will only be executed if the price of AUD/HKD drops to the specified price (i.e. AUD/HKD = 6.10). The order will lapse if the price does not fall to the specified price until expiry.

Only if the buy order has been executed will the subsequent sell order be initiated. The second order will lapse if the price does not reach 6.00 until expiry.


Example:

Spot Rate of AUD/HKD = 6.20

You may want to buy AUD at a lower price in the future, such as 6.10, and subsequently either lock in the potential profit or limit the potential loss. You can place an order to buy AUD at AUD/HKD = 6.10 and an OCO order to take profit when AUD/HKD = 6.30 or stop loss when AUD/HKD = 6.00.

The buy order will only be executed if the price of AUD/HKD drops to the specified price (i.e. AUD/HKD = 6.10). The order will lapse if the price does not fall to this until expiry. Only if the buy order has been executed will the OCO order be initiated. For the OCO order, the execution of one order will cancel the other order. Both orders will lapse if the price fails to reach 6.30 or 6.00 until expiry.

 

Stay in touch using our Treasury Specialist Hotline

Contact our professional Treasury Specialists directly for FX market updates, analyses and order placing by calling +852 3668 9388.

 

Risk Disclosures and Important Notice

Foreign exchange involves risks. Customers should note that foreign exchange may incur loss due to the fluctuation of exchange rate.

RMB currently may not be freely convertible and is subject to exchange controls and restrictions. There is no guarantee that RMB will not depreciate. If you convert Hong Kong Dollar or any other currency into RMB so as to invest in a RMB product and subsequently convert the RMB sale proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency.

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