Currency can also be exchanged regularly and in fixed amounts before deployment

        With the popularization of the concept of "global village", global exchanges such as tourism, studying abroad, and expanding overseas assets are becoming increasingly frequent. Foreign currency has not only become an indispensable part of life, but also a tool for investment and financial management. This issue of 'Finance Column' introduces how to accumulate funds and achieve your dreams through planned currency exchange.

        Painless accumulation of tourism funds

        Traveling can not only broaden one's horizons and broaden one's knowledge, but also relax one's mood and bring spiritual wealth and fulfillment. According to the Tourism Statistics Database of the Department of Transport, from January to May 2024, the cumulative number of Taiwanese tourists traveling overseas has reached 6.7 million, an increase of 76% compared to the same period last year, fully demonstrating the public's enthusiasm for overseas travel. However, it is not easy for many office workers to accumulate short-term travel funds. How can they gradually accumulate funds and enjoy the journey without burden?

        Most people will use the annual bonus as their main source of travel funds, but a one-time accumulation method is difficult to cope with temporary plan changes or rising travel costs. In fact, even with small savings in daily life, one can achieve their dreams. As is well known, regular fixed investment can effectively diversify risks and make investments more controllable. Through regular fixed exchange, tourism funds can also be accumulated, with the following advantages:

        1. Reduce the impact of exchange rate fluctuations: The fluctuations in the foreign exchange market are difficult to predict, and small exchange rates are completed at fixed amounts in different periods. Even if the exchange rate is high in one period, it can be balanced by low exchange rates in other periods, ultimately obtaining a relatively stable average exchange rate.

        2. Develop good habits of savings: Compared to one-time large currency exchange, regular fixed amounts can easily convert small change in daily life into foreign currency savings, accumulating funds painlessly.

        3. Reduce psychological pressure and plan travel as you please: Many people often feel stressed due to expenses when planning their travels. However, by regularly exchanging small amounts of foreign exchange quotas, it is possible to alleviate significant financial pressure and make it easier to implement tourism plans.

        Long term reduction of study abroad burden

        The advantage of regular quota exchange is not only applicable to people who enjoy traveling, but also ideal for families who need to send their children abroad for study. According to statistics from the Ministry of Education Information Network, about 10000 students from Taiwan study abroad every year, but paying a large sum of tuition fees, living expenses, and other miscellaneous fees at once is not an easy task for many families. If parents can start accumulating study abroad funds through regular fixed exchange rates 3 to 5 years in advance, it can alleviate pressure, reduce burden, and avoid the impact of sudden exchange rate increases and increased exchange costs before departure for study abroad. It can also synchronize with other investment plans to meet financial needs, making the pace of financial management more stable and powerful.

                Easily invest in overseas targets

        In fact, the need for foreign currency in daily life is not limited to tourism or studying abroad. According to the Securities Industry Association of the Republic of China, Taiwanese people are very enthusiastic about opening multiple entrusted accounts. The number of valid accounts opened in 2023 has accumulated to 4.65 million, and the amount of multiple entrusted transactions has reached NTD 4.48 trillion (an annual growth rate of 21.4%). In overseas investment, many people are accustomed to using exchange rate to price notifications to exchange currency, but it cannot guarantee that investors can sustainably buy at the low point of the exchange rate. Regular fixed exchange rate provides a stable way to win, helping investors develop a long-term plan. After all, buying in batches at different times can reduce the risk of exchange rate fluctuations, thereby obtaining a more stable exchange rate cost, avoiding emotional fluctuations and even irrational decisions caused by exchange rate changes. Moreover, if the accumulated foreign currency is first concentrated in foreign currency fixed deposits, the interest rate is usually better than that of the Taiwanese dollar. In other words, the combination of regular fixed exchange rate with fixed investment and fixed deposits not only provides a more stable financial management method, but also helps investors to make decisions as soon as possible. Achieve the goal of asset appreciation.

        Far Eastern International Bank's "Real Time Exchange Joy" allows you to enjoy the fun of currency exchange instantly

        Far Eastern International Bank's "Real Time Exchange Joy" has the following three characteristics to assist customers in regularly and regularly exchanging currency:

        1. Random frequency selection: Customers can freely set the frequency of currency exchange according to their own economic situation and needs. Whether it is weekly or monthly, they can easily cope and ensure stable accumulation of funds.

        2. Small and easy exchange: With NTD300 each time, which is about the price of 2 cups of Starbucks coffee, you can start regular fixed exchange, allowing you to flexibly control the flexibility of your funds.

        3. Online instant deposit: Users do not need to go to the branch in person, they can complete the settings through the app and manage their foreign currency funds anytime, anywhere.

        Whether you are traveling, studying abroad, or investing, Far Eastern International Bank's "Always Exchange Joy" is an ideal choice that can help you gradually accumulate foreign currency funds and achieve your financial dreams.

        *Instant Exchange Fun: https://iapp.feib.com.tw/hppApply/home/index

        Reference materials: "Department of Transport Tourism Bureau Tourism Statistics Database", "Ministry of Education Information Network", "Taiwan Securities Industry Association Global Information Network"

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