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Purchasing a foreign ETF through SBI NISA: Yen or US$?
Posted: Thu Dec 28, 2017 3:20 am
by Jamo
There was a discussion about whether it's better value to settle through yen, or convert to US$ then settle. But I couldn't find the thread.
So, does anyone know?
Re: Purchasing a foreign ETF through SBI NISA: Yen or US$?
Posted: Sat Dec 30, 2017 11:33 pm
by fools_gold
I read that the cheapest way is to transfer your yen to your SBI bank account, convert to dollars and then transfer back to your SBI brokerage. There's no fee for transferring dollars between SBI bank and brokerage, and apparently the bank offers better exchange rates.
Re: Purchasing a foreign ETF through SBI NISA: Yen or US$?
Posted: Mon Jan 01, 2018 7:41 am
by Jamo
Thanks!
Re: Purchasing a foreign ETF through SBI NISA: Yen or US$?
Posted: Sun Jan 07, 2018 12:01 am
by adamu
Hi Jamo, sorry if this info is too late, I went offline for the holidays.
There was a bit of a discussion here:
Re: British - Living in Japan (Opening a trading account)
According to that it looks like the best way is to use SBI's Foreign Exchange account and transfer to your investment account (not the built-in currency converter within the investment account). I also remember reading that they add more on top of the built-in converter when buying directly with Yen, but I can't remember where. This thread would be a good place to collect definitive information in English.
