Hold when you also spend in that currency; document limits.
If ≥50% of monthly expenses are in a foreign currency, hold working balances and convert only what’s needed for SGD bills. Define floors/ceilings and a weekly conversion rule to avoid speculation.
natural hedge, FX exposure, treasury policy
Related FAQs
-
What metrics should finance track weekly to stay ahead?
Balances by currency, AR/AP due, FX plan, and exceptions.
Read full answer → -
What internal controls should every SME enable?
Enable maker-checker approvals for payments ≥ SGD 5,000, set per-user limits, and maintain a vendor whitelist (approved UENs/IBANs only). Use device binding + biometrics for approvers and turn on dual-channel alerts. Ru
Read full answer → -
What’s the simplest reconciliation rule set that actually works?
Uppercase and trim references, extract INV-\d+ to map to invoices, match exact amounts, and mark auto-cleared lines. Send mismatches to a review tab and resolve twice weekly. Export daily CSV/API statements to reduce lag.
Read full answer →
-
personal banking: What You Need to Know in 2024
FAQ article on bankopensingapore.com
Read full answer → -
RHB Singapore Overview Services and Account Opening Guide
RHB is a Malaysia based banking group with Singapore operations serving retail customers, SMEs, and corporates. Detailed Introduction: Individuals can access savings/current accounts, cards, personal financing, and invest
Read full answer → -
Avoid Mistakes When Choosing a Bank in Singapore’s Stable Financial System
FAQ article on bankopensingapore.com
Read full answer →
About the Author
Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source.
Read more articles