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Sgd Vs Aus dollar Vs US dollar! let's share your forecast!

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
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shalamazoo
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Postby shalamazoo » Fri, 25 Dec 2009 11:41 am

thank you.

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aster
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Postby aster » Sat, 23 Jan 2010 12:26 pm

Is now a good time to convert SGD to EUR, or will the rates dip further away from 2.00?

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jpatokal
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Postby jpatokal » Sat, 23 Jan 2010 12:57 pm

aster wrote:Is now a good time to convert SGD to EUR, or will the rates dip further away from 2.00?


If I knew, I'd be minting money instead of posting on SingaporeExpats :???:
Vaguely heretical thoughts on travel technology at Gyrovague

jxhigh
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Postby jxhigh » Thu, 09 Sep 2010 10:09 pm

Strong Eagle wrote:As for the Sing dollar... who knows? It is a balancing act... keep the SGD h low enough to earn some decent export $$$... keep it high enough so that the costs of food and other essentials in Singapore don't go through the roof.


I do quite agree with Strong Eagle's point. However, looking at the market trends (as of today), SGD seems to be strengthening itself. Personally i am unsure of how long such a phenomenon will last, but i would like to offer my speculation on this issue.

my point of view is that SGD will not really fall, and even if it does, not that much (in the near future away); since even though SG wants to attract tourists/ etc/ be able to export stuff, SG truly will not be able to beat others, no matter how low the currency goes. Theres always countries like china for manufacturing and many other places with awesome attractions and scenery that pawns those in Singapore.

And since Singapore is a place with no natural resources and such, even for locally made products to be exported, we will need to import materials from other countries in other to produce them. Any drastic lowering of the Sing $ value is simply not possible and it will only result in inflation in Singapore.

And of course, to keep the boat afloat and still make Singapore attractive to foreign investment/ tourism, i guess SGD will def not strengthen itself much, but mostly likely it won't drop so much to the extent of 3 times/ etc (as mentioned in the above posts).

Just my 2 cents! :D
~there is no place in this world for lazy people.

jxhigh
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Postby jxhigh » Thu, 09 Sep 2010 10:18 pm

uh, i think USD is falling because it is largely a consumerist society and is laden with foreign debt. And it's not like it doesnt have resources on its own (unlike countries, e.g. singapore).

And the depreciation is also good for US in a way because then imports will be more expensive for them and then they will find domestic products cheaper - so they will buy them- and it actually benefits their own economy.
and isn't that also part of the reasons why US has been constantly pushing for the yuan to appreciate?

yeah. any views on this? :wink:
~there is no place in this world for lazy people.


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