Leeke1 2nd Gear August 22, 2013 Share August 22, 2013 Heard usd will slowly appreciate. I am thinking of converting some sgd to usd thru money changer. Any comment or recommendations? ↡ Advertisement Link to post Share on other sites More sharing options...
Leeke1 2nd Gear August 22, 2013 Author Share August 22, 2013 Long term MAS wants to continue to appreciate SGD to curb inflation ... slowly. Sgd is depreciating by more than 3% since early this year. I think the trend will continue till usd vs sgd of ard 1.6 precrisis Link to post Share on other sites More sharing options...
Solar Turbocharged August 22, 2013 Share August 22, 2013 i'm no expert, but reading some of those articles, USD as a reserve currency, it is able to do many things others can't... like printing and get away with it SGD is strong with MAS policy, based on a basket of secret, unknown currencies plus our foreign reserves. should not go wrong with them..and btw, Ringgit, is for stretching SGD further Link to post Share on other sites More sharing options...
Leeke1 2nd Gear August 22, 2013 Author Share August 22, 2013 I think mas also can do printing rite? Just tat our reserves is strong and do not need any printing to control our currency rate vs others. Any experts here can comment? Link to post Share on other sites More sharing options...
Mustank Hypersonic August 22, 2013 Share August 22, 2013 hooting amazon now!!! Link to post Share on other sites More sharing options...
Duckduck Turbocharged August 22, 2013 Share August 22, 2013 Heard usd will slowly appreciate. I am thinking of converting some sgd to usd thru money changer. Any comment or recommendations? wait for SGD to strengthen abit first then, buy US$. Countertrend rally Link to post Share on other sites More sharing options...
Bridgestone18 Neutral Newbie August 22, 2013 Share August 22, 2013 buy usd alone won't earn much lah. must buy stocks listed in usd. more risky more profits. i like big tech like apple or cisco. in fact bot some last night. vested interests. Link to post Share on other sites More sharing options...
Bridgestone18 Neutral Newbie August 22, 2013 Share August 22, 2013 buy usd alone won't earn much lah. must buy stocks listed in usd. more risky more profits. i like big tech like apple or cisco. in fact bot some last night. vested interests. Link to post Share on other sites More sharing options...
Bridgestone18 Neutral Newbie August 22, 2013 Share August 22, 2013 buy usd alone won't earn much lah. must buy stocks listed in usd. more risky more profits. i like big tech like apple or cisco. in fact bot some last night. vested interests. Link to post Share on other sites More sharing options...
Latio2005A Turbocharged August 22, 2013 Share August 22, 2013 Sgd is depreciating by more than 3% since early this year. I think the trend will continue till usd vs sgd of ard 1.6 precrisis You have already made up your mind and answered your question you raised in the opening of this thread. Link to post Share on other sites More sharing options...
Leeke1 2nd Gear August 22, 2013 Author Share August 22, 2013 You have already made up your mind and answered your question you raised in the opening of this thread. I am waiting for some expert to overturn my decision. Like the previous comment about buying us shares. I think is better idea. Link to post Share on other sites More sharing options...
Leeke1 2nd Gear August 22, 2013 Author Share August 22, 2013 But I would rather buy high divided us share. Less volatility. . Link to post Share on other sites More sharing options...
Duckduck Turbocharged August 22, 2013 Share August 22, 2013 (edited) But I would rather buy high divided us share. Less volatility. . which one?? high divs/junks have been destroyed recently.. but agree less volatile, heck all stocks are less volative. FX is most liquid of cse most volatile http://scharts.co/15bR3H1 US divs r taxable FYI unlike SG divs Edited August 22, 2013 by Duckduck Link to post Share on other sites More sharing options...
Ooosh 1st Gear August 22, 2013 Share August 22, 2013 Alamak please la..... Why dont you invest in gold if you have money to burn? Its less volatile and now price But you think money changer stupid? You sell your usd the rate is lower isnt the same as putting it in time deposit or foreign deposits where interest is 1.+% if im not wrong Bro come on... Link to post Share on other sites More sharing options...
Leeke1 2nd Gear August 22, 2013 Author Share August 22, 2013 Alamak please la..... Why dont you invest in gold if you have money to burn? Its less volatile and now price But you think money changer stupid? You sell your usd the rate is lower isnt the same as putting it in time deposit or foreign deposits where interest is 1.+% if im not wrong Bro come on... gold..maybe..but equity market good means gold will drop rite? usually they are reversed trend. of coz i know money changer do earn money base on the difference of buying and selling price.. i mean keep USD for long term till it hit around 1.6 (currently ard 1.27)..it will be a fairly long process to reach the target price.. for exp: if i convert 100000 sgd = 78740USD (base on 1.27) if USd vs SGD hit 1.5 or 1.6 78740USD = 118110SGD (base on 1.5) i earn 18110SGD if from the current 1.27 to 1.5 takes 5 years each year will be SGD3622 the yield is 3.6% annually still better than FD Link to post Share on other sites More sharing options...
Leeke1 2nd Gear August 22, 2013 Author Share August 22, 2013 http://www.forecast-chart.com/usd-singapore-dollar.html Link to post Share on other sites More sharing options...
Duckduck Turbocharged August 22, 2013 Share August 22, 2013 (edited) gold..maybe..but equity market good means gold will drop rite? usually they are reversed trend. not always. gold was up alot coz US fed QE. If they didnt QE, gold wld b a piss of sh!t by now as well. in 2008, gold crashed together w stocks before US QE dont invest in stuff u dont understand. might as well just buy safe stuff like blue chip stocks. Edited August 22, 2013 by Duckduck Link to post Share on other sites More sharing options...
Itsec 2nd Gear August 22, 2013 Share August 22, 2013 USD/SGD ratio is 1 : 1 ↡ Advertisement Link to post Share on other sites More sharing options...
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