5 years ago I started buying SWDA in USD. Until now I didn´t notice the exchange fees that are charged with each transaction from CHF to USD. Postfinance takes about 1%. I would now like to swap to a ETF that is traded in CHF like VWRL. And this as cheap as possible.
To have less exchange fees when selling all of my SWDA, I thought about opening a USD account at postfinance. Then using (transfer)wise to send the money from this account to my CHF postfinance account. From there I then buy VWRL.
Is this possible? Do I miss something? I expect to save about 0.5% of exchange fees this way.
In addition to what larix.aurea wrote, VWRL is distributing and the base currency of the fund are USD. The dividends are distributed in the base currency, no matter in what currency you trade your shares so you would receive USD.
You’d need an accumulating fund trading in CHF to avoid currency exchanges.
the e-trading environment of PostFinance has three accounts, in CHF, EUR and USD. Dividends are automatically credited to the account with the corresponding currency (for example, the dividends of VWRL go to the USD account); these accounts however do not have an IBAN and cannot be used to transfer money outside of PostFinance
PostFinance also offers a USD account, with an IBAN and the possibility to transfer USD to/from other banks ; it also enables transfer to/from the USD account in e-trading.