Here are the best foreign currency fixed deposit accounts for investors who wish to take advantage of the favourable exchange rate to earn higher interest rates. In turn, banks in Singapore are enticing local depositors with attractive interest rates on the major foreign currencies such as the US Dollar (USD), Euro Dollar (EUR), British Pound Sterling (GBP), and Australian Dollar (AUD). This comes as a result of the Federal Reserve’s action to raise interest rates to combat the runaway inflation. Foreign currency fixed deposits are the latest investment products that are in hot demand due to the strong local Singapore dollar.
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