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A young woman in sunflower fields; image used for dual currency investments.

Dual Currency Investment

Make the most of currency market movements

Grasp diverse investment opportunities in currency markets with ease

Dual Currency Investment can potentially maximise your fix term returns on movements in the currency markets with the flexibility to withdraw in your preferred currency.

How to invest in dual currency investment?

With the dual currency investment, you will:

  • Invest a minimum of USD20,000 or equivalent

  • Choose an investment term ranging between 1 week and 3 months

  • Get proceeds in the weaker currency of the currency pair at the end of the term – this means your investment could go up or down

  • Choose a currency pair between 10 available currencies

  • Select a conversion rate

  • Withdraw your money in either currency

Currencies to pair

You can link any of these currencies:

  • Australian dollar (AUD)
  • Canadian dollar (CAD)
  • Euro (EUR)
  • Japanese yen (JPY)
  • New Zealand dollar (NZD)
  • Pound sterling (GBP)
  • Singapore dollar (SGD)
  • Swiss franc (CHF)
  • US dollar (USD)
  • Hong Kong dollar (HKD)

Major Risks Involved in Investing in Dual Currency Investment

  • Return Risk
    The subject product is neither traditional deposit nor within the scope of insurance coverage of the central deposit insurance. It is an investment which combines deposit and foreign currency exchange option. Investment in this product may lead to profit opportunity or risk due to exchange rate fluctuation. It is not guaranteed that the return of the subject product will be higher than other investment products or interest from deposit.
  • Currency Conversion Risk
    The subject product is an investment combining the foreign currency exchange option. The risk of the foreign currency exchange option is that the currency in which the return is paid upon maturity may not be the Base Currency (namely, the original investment currency). That is, in the event that the result of comparing the exchange rate on the Fixing Date/Fixing Time with the Conversion Rate meets the condition of payment in the Linked Currency, the subject product will be paid in the Linked Currency upon maturity. Thus, if such payment amount is converted into the Base Currency at the market exchange rate on the maturity date, it is not 100% guaranteed that the Customer may retrieve the Principal Amount in the “Base Currency”. In addition, if conversion occurs and the Customer chooses to keep holding the Linked Currency after the subject product has matured, the Customer may risk loss from the exchange rate fluctuation of the Linked Currency. Such loss may offset the net investment return and even result in loss of the Principal Amount.
  • Exchange Rate Risk
    The subject product is denominated in foreign currency. If the Principal Amount of the subject product is exchanged from another currency, the Customer must consider that the Payment Currency of the principal and interest upon maturity will be determined based on the exchange rate on the Fixing Date/Fixing Time and the Customer may bear the exchange rate risk if he/she intends to exchange the payment amount back into another currency.
  • Liquidity Risk
    Since the subject product does not have sufficient market liquidity, the Customer shall ensure to have enough current assets during the investment period to meet emergency needs. Otherwise, the Customer will face the risk that he/she may not receive the full Principal Amount upon early termination due to a lower-than-expected unwind price caused by insufficient market liquidity.
  • Early Termination Risk
    Early termination is only available for the subject product with Investment Period of one (1) month or longer. If the Customer applies for early termination, the redeemable amount may be less than the original Principal Amount (in the worst situation, the redeemable amount could be zero) or early termination may not be able to be executed.
  • Other Risks
    Including credit risk, underlying risk, settlement risk, taxation risk, country/territory risk, interest rate risk, legal risk, re-investment risk, incident risk and inflation risk. Details please refer to Risk Disclosure Statement of Dual Currency Investment.

Things to know

  • Your money will be used to buy the investment currency at the beginning of your term. 
  • The closer your chosen conversion rate is to the spot rate, the better chance you have to get a return. The spot rate is the exact exchange rate at the time of the initial investment.
  • Your proceeds will be paid in the weaker currency, which is determined on the fixing and at the time of the maturity date. The fixing date is 1 day before the investment maturity date.
  • You should invest in a currency that you expect will strengthen against the base currency. If the investment currency weakens, your proceeds may be less than you originally invested. If the investment currency strengthens, your money will be converted back to the base currency at a more favourable exchange rate, which results in a net gain.

Contact us

Find out more information on investing dual currency investment by meeting with our wealth adviser in branch.

Listening to what you have to say about services matters to us. It's easy to share your ideas, stay informed and join the conversation. To improve the protection of customers' rights for the elderly or customers with special needs, the Bank provides relatives or friends to accompany them to participate in the communication to understand the product information, and provides enough time to consider whether to apply for related products. Please contact us via contact center (02)6616-6000 or email csr@hsbc.com.tw if any doubt/concern or further explanation is needed.