SGD

[tonylim]

Now 1.2728 .

[winston]

I'm not comfortable putting all my money into a small country. However, I could be wrong and the SGD could continue to be strong. The tourists and 2 casinoes may ensure that there would almost be a constant demand for the SGD....

=================================

Investors bullish on Singapore dollar; yuan positions unchanged

Investors turned bullish on the Singapore dollar during the last two weeks as they covered short positions in emerging Asian currencies, held on to their positions in the Chinese yuan, a Reuters poll showed on Thursday.

Currency players became slightly bullish on the Malaysian ringgit and neutral on the South Korean won, according to the survey of 12 analysts.

They became less bearish on other emerging Asian currencies. Investors have unwound short positions in risk assets established in panic on signs that efforts to expand a euro zone rescue fund and recapitalise European banks are gaining momentum.

But the yuan have not benefited from the trend much on expectations that China could use the currency's value to displeasure with a bill in Washington meant to spur Beijing to allow more appreciation.

In the previous survey published on September 29, investors had halved their bets on the Chinese currency to the lowest since August last year.

Source: Reuters

[winston]

Expecting SGD to strengthened to around 1.22

Ray Barros on CNBC

[Poles]

as you said small country....we bo pain LL have to make our $$ strong.....else how to survive??

I'm not comfortable putting all my money into a small country. However, I could be wrong and the SGD could continue to be strong. The tourists and 2 casinoes may ensure that there would almost be a constant demand for the SGD....

=================================

Investors bullish on Singapore dollar; yuan positions unchanged

Investors turned bullish on the Singapore dollar during the last two weeks as they covered short positions in emerging Asian currencies, held on to their positions in the Chinese yuan, a Reuters poll showed on Thursday.

Currency players became slightly bullish on the Malaysian ringgit and neutral on the South Korean won, according to the survey of 12 analysts.

They became less bearish on other emerging Asian currencies. Investors have unwound short positions in risk assets established in panic on signs that efforts to expand a euro zone rescue fund and recapitalise European banks are gaining momentum.

But the yuan have not benefited from the trend much on expectations that China could use the currency's value to displeasure with a bill in Washington meant to spur Beijing to allow more appreciation.

In the previous survey published on September 29, investors had halved their bets on the Chinese currency to the lowest since August last year.

Source: Reuters

[winston]

TOL:-

Just a few months ago, would you have expected the Thailand Flood, Japanese Tsunami or the Queensland Flood, to happen ?

Luckily, Thailand, Japan and Australia, are big countries and they would be able to recover.

What will happen, if such an incident were to happen to Singapore ? Would a small country like Singapore be able to recover as well ?

As mentioned, I'm extremely uncomfortable that my exposure is so big to such a small place, that may not be able to recover from any major disaster, either man-made or natural.

And over the years, I have tried to diversify my Singapore holdings into other places eg. HK and China.

However, I still have a big exposure to Singapore, that's not proportional to it's place, in the global economy.

I need to constantly remind myself, that while the going is good, that's the time to take action.

Recently, I sold some EUR and they are now converted back to SGD. So I need to quickly think of where to diversify those as well.

[kennynah]

try Som (aka Sum) currency

[winston]

How much time do I have ? What's a good alternative to the SGD ?

======================

A survey of 12 currency analysts, conducted over two days, found investors turned pessimistic on the Singapore dollar, reducing bets on the city-state's currency by the most since April 2009.

Source: Reuters

[kennynah]

we are comparatively a small currency ... we will not likely be able a major pair...

other than SGD needed for Singapore based operations, many MNCs and SMEs here usually transact in USD for major items...

but the primary reason why we cannot be a major pair is becos we are a screwed up economy... what do we atually produce for the world in large enough demand? we don't and if we continue in this direction, we will not likely continue to be a wealthy country...

our earlier edge of high education and good services have been challenged in the last 5 years by other emerging countries... in another 10 years, we will not be that "special" asian tiger anymore..

and we still dont have any substantial global businesses to boost our GDP...

i dont have the answers but i am a small joe.... i expect the government to have solutions or at least viable suggestions...but they clearly do not have any.... effaced lee ah long can only rely on casinos...

so, you see, how effed up pap has been...

and 60% goons still vote for them to be in power and drag us all into a dismal future..

[winston]

Time to diversify further from the SGD ?

Singapore dollar to shine next year by Millet Enriquez

SINGAPORE - The Singapore dollar could be the star performer among Asian currencies in 2012.

After a rollercoaster ride against the US dollar this year, currency experts see another uptrend for the Sing dollar, albeit at a slower pace next year.

The Sing dollar hit S$1.20 against the greenback in August but a series of global events has since pushed the currency to around S$1.29.

Analysts see a S$1.28 finish for 2011 or about the same level at which it started the year.

"We would probably not see a strong appreciation potential for the Sing dollar until sometime in 2012 when the clouds essentially start to clear a little bit.

But we would essentially be looking for dollar-Sing at 1.19, so it's a slight gentle downside trajectory from here, but I think near-term risk point to the upside," said Mr Emmanuel Ng, currency strategist at OCBC Bank.

Among regional currencies, analysts see the Sing dollar to perform better than the Indian rupee and the Malaysian ringgit, adding that the Sing dollar is a safe haven currency to trade and hold.

"The Singapore dollar will probably do best amongst its regional counterparts. So ANZ's core view is that we are going to have a solid profile for the Sing dollar," said Mr Tim Riddell, head of Global Markets Research, Asia, at ANZ.

While inflationary pressures drove Singapore's central bank to adopt a gradual appreciation for the Sing dollar policy in 2011, experts said growth will be its focus and it will likely take a more neutral stance during its review in April next year.

"If we continue to see a heightened sense of stress in the global financial system, I think that will essentially darken the outlook for the Sing economy beyond the first quarter of 2012.

At that point in time, we think that the risk for a move to a neutral policy about Sing dollar exchange rate will continue to mount and grow," said OCBC's Mr Ng.

Barclays Capital, which has S$1.22 call for the Sing dollar in 12 months, believes that a higher currency should not be a risk for exporters.

"Exports have held up reasonably well in Singapore and even across the region. Obviously, if the Singapore dollar weakens a little bit more than its competitors, at the margin it makes those exports marginally more competitive. But the margins we're talking about are pretty small," said Mr Olivier Desbarres, head of FX Strategy at Barclays Capital.

For ordinary Singaporeans, a stable Sing dollar will also mean stronger purchasing power when they travel overseas.


http://www.todayonline.com/Business/EDC ... -next-year

[kennynah]

are there good reasons to keep our SGD so strong?

1.642 against euro
1.265 against usd