If the recent triumph win by Donald Trump is any guide, the strength in USD will continue and that means the SGD along with other Asian currencies will weaken.
That means, to exchange for one US dollar, we would need 1.338 Sing dollars as compared to using 1.28 SGD to exchange for 1 USD in Sept , 2 months ago...........
On a ground level, those who are buying from USA , moving from your Amazon to the bigger importers, this exchange rates is against us. If your buying is infrequent, then you may not bother too much.
How about travel ? The same thing - you would need to fork out more SGD to exchange for USD if the USD continues to strengthen against us.
Definitely bad for those who are sending kids to study in US as it involves a much larger sum of money.
So, you can invest in the USD to make some decent returns as well.
Please DYODD
That means, to exchange for one US dollar, we would need 1.338 Sing dollars as compared to using 1.28 SGD to exchange for 1 USD in Sept , 2 months ago...........
On a ground level, those who are buying from USA , moving from your Amazon to the bigger importers, this exchange rates is against us. If your buying is infrequent, then you may not bother too much.
How about travel ? The same thing - you would need to fork out more SGD to exchange for USD if the USD continues to strengthen against us.
Definitely bad for those who are sending kids to study in US as it involves a much larger sum of money.
So, you can invest in the USD to make some decent returns as well.
Please DYODD
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