Guide to Currency Exchange

This article explains Longbridge's currency exchange feature and its operational procedures.

About currency exchange

Currency exchange refers to the exchange of one currency for another within a securities account. To facilitate fund transfers between Hong Kong and US stock markets, Long Bridge (HK) Limited provides currency exchange services.

Currency exchange process

Open Longbridge App > Portfolio > More > Currency Exchange, where you can check the current exchange rate and convert currencies by entering the desired amount.

Key Takeaways:

• Path: Longbridge App > Portfolio > More > Currency Exchange
• Real-time exchange rate: Displays the latest rates at the time of conversion
• Applicable scenarios: Include fund allocation for Hong Kong/US stock investments, and multi-currency account management

Notes

1. Exchange rates: The rates displayed on the exchange page are for reference only. The actual converted amount shall prevail.
2. Reminder: The currency exchange feature is solely for trade settlement purposes. Please refrain from using it for currency speculation. Requests unrelated to trading will be rejected. Proceed with caution.
3. Rounding: Due to system limitations, all currency exchange transactions will be rounded to two decimal places for cash balances.

FAQs

Q1: Which currencies are supported for exchange?

Currency exchange supports USD and HKD.

Q2: Are there any fees for currency exchange?

No service fees are charged for currency exchange.

Q3: How is the exchange rate calculated?

Exchange rates fluctuate in real-time, and the rate applied will be the one in effect at the time of conversion.

Q4: How long does currency exchange take? (The following information is for reference only, and actual processing times may vary.)

• Real-time processing: Orders submitted between 08:00 on trading days and 05:00 the next day are typically completed in real-time (excluding December 25 and January 1).
• Non-real-time processing: Orders submitted during non-trading days will be processed when exchange services reopen on the next trading day. For example, an order placed on Sunday will be completed after 08:00 on Monday.

Note: Longbridge provides advance notices for holiday schedules. Stay updated via official announcements.

This article is for reference only and does not constitute any investment advice.