Maximise your money-making opportunities with tenors as short as one week.


  • Higher interest rates and flexible deposit options

    You stand to gain an interest rate considerably higher than that of a conventional fixed deposit. And you are free to choose your currency pairs as well as set the TCR at a level you are comfortable with.

  • Better pricing and service

    We provide real-time pricing for Premium Currency Investments. This, coupled with the fact that we trade till 7pm, gives you greater flexibility and more time to make better informed investment decisions.

  • Wider choice, shorter tenors and lower minimum deposits

    Your investment can be as small as SGD50,000 (or equivalent) for tenors as short as one week. And with over 60 currency pairs to select from, you are more in control of your investment.


Looking to grow your investment portfolio? Now you can earn potentially higher yields when you invest in a Premium Currency Investment (PCI).

What is a PCI?

A PCI is a structured – or customised – investment product that is linked to a pair of currencies. The tenor of a PCI can range from one week to a year. It is ideal when you want to:

  • Enjoy higher interest rates
  • Get potential gains from movements in foreign currency exchange
  • Potentially optimise your money-making opportunities in as short as one week
What are the benefits?
  • You will get a guaranteed interest rate that's potentially higher than term deposits, on a short-term investment
  • PCI potentially buffers against the effects of holding a weakening currency
  • Diversify your investment portfolio
What are some of the risks?
  • Your investment (in base currency) and the interest amount (yield) may be converted into the alternate currency at a more disadvantageous rate than the spot rate at maturity, resulting in a loss of your initial investment amount should you convert the alternate currency amount back to the base currency.
  • Where conversion applies at maturity, you may sustain exchange rate losses which may be greater than the interest earned on your initial investment amount
  • PCI is not a form of currency deposit. It is a structured investment product and is not principal protected
How to invest in a PCI:
  1. Determine your base currency, investment amount and investment period
  2. Select an alternate currency
  3. Set an exchange rate, also known as the Target Conversion Rate (TCR), at which your initial investment could be converted to the alternate currency

How It Works

Let's assume you have funds of SGD100,000 and you don't mind holding AUD.

Let's say the Spot Exchange Rate between these two currencies is 1.2200. However, preferring to be more conservative you set a Target Conversion Rate (TCR) of 1.2150.

As you don't need the funds for the next month, you choose a one-month tenor.

At this stage, we will inform you of the guaranteed interest rate that you will enjoy. In this case, let's assume it is 8% p.a.

On Fixing Day (two business days before maturity), it will be determined whether your funds plus the guaranteed interest will be repaid in SGD or AUD.

Scenario 1 Scenario 2
SGD weakens against AUD, compared to the TCR you have set. It now trades at 1.2250. SGD strengthens against AUD to TCR or beyond the TCR that you have set. It now trades at 1.2050.
You will receive:
Your funds
One-month's interest in SGD.
You will receive:
Your funds
One-month's interest in AUD converted at TCR of 1.2150.
Which is:
(1/12 x 8% x 100,000)
= SGD100,667
Which is:
(100,000 + 667) ÷ 1.2150
= AUD82,853
(if converted at AUD/SGD spot of 1.2050 at expiry, SGD equivalent is SGD99,838, a shortfall of SGD162)

The actual profit/shortfall is dependent on the spot AUD/SGD at expiration.

What are your available options if your SGD is converted into AUD?

  1. You can put your AUD into an ordinary fixed deposit account to enjoy an interest rate that is usually higher than most SGD fixed deposit accounts.
  2. You can wait for the AUD to appreciate back to 1.2150 or higher. You can then decide if you want to convert the funds back to SGD.
  3. You can remit the funds to Australia, e.g. to pay for your child's tuition fees.
  4. You can open another Premium Currency Investment account with AUD as your base currency and SGD as the alternate currency, to earn another round of higher interest rate. You may again set the TCR at the same level of 1.2150.

Terms and Conditions

You should understand that:

  1. a dual currency investment involves a currency option which confers on the deposit-taking institution the right to repay the principal sum at maturity in either the base or alternate currency; and
  2. part or all of the interest earned on this investment represents the premium on this option

By purchasing this dual currency investment you are giving the issuer of this product the right to repay you at a future date in an alternate currency that is different from the currency in which your initial investment was made, regardless of whether you wish to be repaid in this currency at that time.

The PCI may not be withdrawn, terminated or repaid prior to the agreed maturity date without our prior consent, which may be subject to such conditions as we, at our discretion, deem fit to impose. Such conditions may have the effect of reducing the expected return.

If the Bank allows for any early withdrawal, the Bank shall be entitled to deduct from the original investment amount, any loss, costs, charges and/ or expenses incurred (including but without limiting to the unwinding or termination of its hedging and/ or funding position) and such other administrative and other charges as the Bank may impose. In such instances, you may incur a loss on the principal amount upon withdrawal.

The Bank has the sole and absolute discretion to early terminate the PCI under a variety of circumstances set out in the relevant offering documents such as for extraordinary reasons, illegality, impossibility, force majeure or the occurrence of a material hedging or disruption event. For example, if the Bank’s performance under the PCI has become illegal or impractical in that it is no longer legal or practical for the Issuer to maintain its hedging arrangements under the structured product, the Bank may exercise its discretion to early terminate the structured product. In calculating the sum payable to you, the Bank will factor in the costs of terminating hedging and funding arrangements relating to the structured product. This may reduce the early termination amount payable to you and may result in the loss of all or part of your initial investment amount. Please refer to the relevant Product Documentation for more detail on what events may lead to an early termination and what payment amount you would receive in the event of an early termination by the Bank.

PCIs are also known as Dual Currency Investments. Dual currency investments are subject to foreign exchange fluctuations which may affect the return of your investment (including the payment of interest and principal amounts). Exchange controls may also be applicable to the currencies your investment is linked to. You face the risk of exchange rate fluctuations and controls (where applicable) that may (i) affect the applicable exchange rate and result in the receipt of reduced settlement amounts and/or a loss of principal when converted to your local currency and (ii) make it impossible or impracticable for the Issuer to pay you in the original settlement currency. Exchange controls or other monetary controls may be imposed by a government, sometimes with little or no warning. Such measures may have a significant effect on the convertibility or transferability of a currency and may have unexpected consequences for a PCI. You may incur a loss on your principal sum in comparison with the base amount initially invested.

The minimum amount for a PCI is SGD50,000.

PCI is available in these currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD and ZAR.

You may wish to seek advice from a licensed or an exempt financial adviser before making a commitment to purchase this product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

This document is being distributed for general information only and it does not constitute an offer, recommendation, solicitation to enter into any transaction or adopt any hedging, trading or investment strategy, in relation to any securities or other financial instruments.

This document has not been prepared for any particular person or class of persons and does not constitute and should not be construed as investment advice nor an investment recommendation. It has been prepared without regard to the specific investment objectives, financial situation or particular needs of any particular person. You should seek advice from a financial adviser on the suitability of an investment for you, taking into account these factors before making a commitment to invest in an investment.

The product specified here is not a deposit and does not qualify as an insured deposit under the Singapore Deposit Insurance and Policy Owners' Protection Schemes Act 2011.

It is essential that prior to taking into consideration any information on this site, or responding to or sending any information or materials to us in response to this mailer, you have read and understood this Important Legal Notice.

Call Us

Call our hotline for further information.

1800 747 7000

Contact Me

Alternatively, please complete our contact form and we will be in touch as soon as possible.

Contact Me »

Locate Us

Visit the branch that is nearest to you.
Selected branches are open on Sunday to serve you better.

Find a Branch »

You might also be interested in

Investment Suite

Standard Chartered's investment suite helps you improve your liquidity and better manage your funds.

More details »
Unit Trust

Whatever your investment timeframe, our wide range of award-winning funds offer strong returns.

More details »
Structured Deposits

Our Structured Deposits help you enjoy potentially higher returns than traditional fixed deposits.

More details »
Online Trading

Gain access to 13 major stock exchanges and trade with brokerage fees from as low as 0.18%

More details »