SGD

[kennynah]

we are current 1.37 to the greenback...

for those who trade US markets... fx losses (unless you hedged thru fx) is about 4% in the last 2 months...

[kennynah]

we are back to 1.4...nice...

[kennynah]

1.69 against euros....

so...porshay, bee-em-dupdue, marseedee, wowoh, wohsvargen, etc... cheaper now?

[winston]

I have mentioned before that I'm extremely uncomfortable having a big chunk of my assets in a country ( I mean small island ) of only 5m with no resources.

Recently, I have forced myself to again transfer some more money to HK.

Sun Tzu: During peaceful periods, prepare for war

[millionairemind]

I have mentioned before that I'm extremely uncomfortable having a big chunk of my assets in a country ( I mean small island ) of only 5m with no resources.

I would like to have a BIG CHUNK of my assets in a country...

But then hor, I cannot afford it, I only have $3 capital, like K.. but I am much older than him cos' he is always 27.

[kennynah]

hahaha.... not 27.....it's 26 only...

in reality... one decides on type of currency to keep depends on the need for it... so, like a friend who pays his suppliers in USD...he operates a USD account...

and a single currency is meaningless until it is compared with another currency...hence ... all currencies find value only in relativity to other currencies...eg.. sgd is stronger now against usd than it was 4 years ago....

but for sure...i wont hold on to malaysian ringgit..a weak currency against sgd...and it will stay this way for many decades to come..imo...

[winston]

in reality... one decides on type of currency to keep depends on the need for it... so, like a friend who pays his suppliers in USD...he operates a USD account...

I guess it depends on what is our objective when looking at Currency exposure.

Mine is Risk Management.

[kennynah]

sgd strong... 1.3242 currently

today...go visit some chettiars..ask for quotes

any favorite chettiars?

the one at bugis junction seems ok

[kennynah]

berry berry strong .. the SGD.... now 1.318.....

can change for 2.285 ringgit at maybank....definitely get better rate at normal money changing shops...

confirm some hao lian singaporeans will be speaking obnoxiously loud at some JB shopping centre...and then...kana rob....akan datang....

[kennynah]

very strong man...

SGD is at 1.308 against USD....

strongest ever in our currency history.... this is no good for our exports.... american companies will also make lesser profits here.... if this persists.... american electronics products will become more expensive in near future...