My wife recently sold a property in Singapore and was given a cheque for around 215,000 Singapore dollars.
I had no idea that cheques of this size take 4-6 weeks to cash - therefore removing any power we had of the exact time the currency transaction takes place to take advantage of highs and lows..
Seeing as we've already lost over 50,0000 dollars since the high recently, (and that looks like increasing soon) what the hell can I do with the cheque now on that 4-6 week journey.
UBS bank submitted the cheque on the 28th of May, so they're trying to retrieve it before it's converted.
If they can't get to it, is there ANYTHING I can do?
Unfortunately the cheque is from the Singapore Government - because I did think about cancelling it from that end and just sitting on it for a few months.
Any advice would be very helpful, this was our house deposit, and it's shrinking by the day!