What do the exchange rates shown on the website mean?
Investors have the option to invest SGD into their USD cash accounts or vice versa. What happens is that FSM will convert the money you deposit into the currency of the Cash Account. Similar to the interest rates, the exchange rates shown are our latest updated rates and indicative in nature only because they will change daily. Acting as an aggregator, FSM is able to provide better exchange rates than retail rates as quoted to us from banks.
