You can estimated how much shares that you need to purchase by using your fund as below:
Step 1: View foreign exchange rate at http://www.osk188.com/
(located bottom of the page named Daily FX Board Rates).You should view at sell TT :
Step 2: knowing your foreign exchange rate (example: 3.0580 for U.S stocks)
Step 3: knowing your fund to invest in foreign shares
(example: you have RM 500000 to invest in foreign shares)
Step 4: knowing your shares price to invest (example: CITIGROUP at USD 4.84) at http://finance.yahoo.com
Step 5: Now you can calculate how many units of shares you can invest by having the info below:
Foreign exchange rate: 3.0580
Ringgit Malaysia fund to invest: RM 500000
Shares price to invest: USD 4.84
Calculation below:
(500000/3.0580) /4.84 =33782.14 UNITS (exclude deduction trading charges)
Estimated to invest : 33000 units of CITIGROUP shares
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Data and Information in richshare.blogspot.com is provided for informational purposes only. richshare.blogspot.com is not a solicitation to purchase or sell any security. Therefore richshare.blogspot.com shall not be liable for any errors or delays in the content, or for any trading decisions taken in reliance thereon.