Wednesday, September 17, 2014

US$ exchange rate will be going up soon, what should you do?

If you are a Singaporean, and all your CASH is denominated in Singapore Dollars (S$), you may want to consider to invest in other currencies that may be gaining strength, such as US Dollars (US$).  As US$ gains strength, the exchange rate of US$ vs S$ is expected to increase, and S$ will drop. 

Next question then will be: how high will US$:S$ go? 
Well, nobody knows, but what we can be confident is that US$:S$ will not stay at such low level as 1.26 as US$ gains strength.    Remember, we have seen the trough at about 1.24xx. 

No comments:

Post a Comment