Bank of the Philippine Islands (BPI) exchange rate today ...

BPI Invest US Equity Index Feeder UITF now multi-class/multi-currency - USD/PHP

Info now out on the BPI's peso-denominated US equity feeder fund. Created an update post for more visibility. Original post by u/jmnativ: https://www.reddit.com/phinvest/comments/dsb38b/bpi_amtc_is_launching_a_new_fund_bpi_invest_us/
It's simply the Peso version of their US Equity Index feeder: https://www.bpiassetmanagement.com/pages/bpi-us-equity-index-feeder-fund that uses the SPY ETF. It has the same fee structure:
Trust Fee 0.7500% per annum payable to the Trustee, BPI AMTC
Custodianship Fees 0.0084% payable to the Third-Party Custodian of the Fund, Bank of New York Mellon
External Auditor Fee 0.0082% payable to the External Auditor of the Fund, Isla Lipana & Co.
Broker's Fee 0.0300% payable to the brokers / dealers for the buying / selling of shares / units of the Target Fund
Total 0.7966% (at least, if other expenses like taxes are not included)
Note that SPY's gross expense ratio by itself is 0.0945%
Investment amounts:
Unit Classes Class A (USD Class) Class P (Philippine Peso Class)
Minimum Initial Investment USD 1,000 PHP 50,000
Minimum Transaction Amount USD 500 PHP 10,000
From their FAQ:
If I invest in Unit “Class P” and the general consensus is stronger or weaker USD against major currencies, how will this affect me as an investor?
As a Unit “Class P” investor, should the US Dollar strengthen against the Philippine Peso, you stand to benefit on stronger US Dollar due to unrealized foreign exchange gains. On the other hand, should the US Dollar weaken against the Philippine Peso, you may experience additional volatility due to unrealized foreign exchange losses.
Note, however, that the NAVPU of the unit classes also reflects the daily marking-to-market of the underlying investments of the target fund. As such, we emphasize that clients are not encouraged to subscribe into the BPI Invest US Equity Index Feeder Fund Unit “Class P” to hedge foreign exchange risk. Unit “Class P” was designed primarily to provide convenient access to global outlets for investors with Philippine Peso.
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So ultimately, it just provides the convenience that you don't have to buy USD to invest. The minimum transaction amount is also lower. The exchange risk is there whether you invest in USD or PHP... if you eventually will spend the investment proceeds in PHP. If one can buy and sell USD at better than bank rates, it may be better to invest in USD fund since BPI probably earns a little bit more on the forex spread.
I guess BPI just has to be clearer when stating the performance of the USD class and the PHP class, since the latter also effectively includes the exchange rate performance of USD vs PHP.
submitted by AmbisyosongAhedres to phinvest [link] [comments]

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For clients residing in the Philippines, activate your enrollment via BPI ATM. For clients residing outside the Philippines, print, sign and mail the form to complete enrollment. An email advice will be sent to you once the processing of your request has been completed. Once enrolled in BPI Online Banking, you can follow the steps to do an ... As of 9:43 PM, 10 November 2020. Notes: 1. All Forex sales by BPI are subject to client's submission of a duly accomplished Foreign Exchange Transaction Form and supporting documents, as applicable, and compliance with applicable Forex regulations, among others.. 2. The rates reflected here are indicative only and may change without prior notice. BPI USD to PHP. 1 USD to PHP = 48.2 Philippine pesos. GIVE GET. SELL: 1 USD = 47.95 PHP 🇦🇺 AUD 1.331815 🇨🇦 CAD 1.261324 🇨🇭 CHF 0.8851028 🇨🇳 CNY 6.427355 🇪🇺 EUR 0.8207005 🇬🇧 GBP 0.7362854 🇭🇰 HKD 7.516381 🇯🇵 JPY 101.9345 🇵🇭 PHP 47.95 🇸🇬 SGD 1.305543 🇺🇸 USD 1; General Information. Full name: Bank of the Philippine Islands ... Forex Usd To Php Bpi before the end . If you selected a specific end , the end is the selected . Contract period. The contract period is the period between the first tick (after start ) and the end . The start begins when the contract is processed by our servers. The end is the selected number of minutes/hours after the start . 6 years ago. Motorcycle. Best Motorcycle Insurance Cheap ... USD to PHP forecast for November 2020. In the beginning rate at 48.53 Pesos. High exchange rate 49.40, low 47.94. The average for the month 48.64. The USD to PHP forecast at the end of the month 48.67, change for November 0.3%. Welcome to the USD PHP history summary. This is the US Dollar (USD) to Philippine Peso (PHP) exchange rate history summary page, detailing 180 days of USD PHP historical data from Sunday 17/05 ... USD/PHP; Forex Predictons by days: 2020 . USD/PHP (Dollar to Philippine Peso) Currency Rate FX Forecast and Prognosis Data for 2020 . History; Forecast; Charts; Data; Q&A; Comments; USD to all currencies > Page 1: USD/PHP Charts 2020 2021 ... Forex usd to php bpi foreign exchange bpi forex yuan us dollar to philippine banks atm fees pared Bpi Forex Rate As Of TodayForeign Exchange BpiBdo Forex Rate Fx Broker Stock Futures TradingInvesting In Philippine Dollar Bond Index Fund Millionaire […] New Dollar Wallpaper HD Noeimage.Org. Menu. Bpi Exchange Rate Us Dollar To Philippine Peso Today. Posted on June 8, 2020 by Darmawan . Dollar ... Bpi Forex Usd Zu Php Fremd Die Weltvertrauenswürdige Währungsbehörde Die nordamerikanische Ausgabe EUR-USD ging zurück, nachdem sie in zwei Tagen ein zweites Mal nicht über 1,07 gestanden hatte. Das Paar hat zurückgezogen zurück zum Bereich 1.0675 und zeigt nun einen 0.2 Verlust am Tag. Anders in den Devisenmärkten ein gemischtes Bild. EUR-CHF hat einige gewonnen. Lesen Sie weiter ...

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