Charts come from http://www.xe.com/ here
As ever please contact Mark Paine at Meyado for more information. http://www.meyado.com.sg/ here
Tuesday, February 1, 2011
The Ever Increasing Singapore Dollar
The Singapore dollar's ever increasing value seems to be continuing unabated into the New Year. Sterling has breached the 2/1 value once this year already. We have not yet seen a sustained below $2 limit as yet but could this be the year? The USD picture is even harsher, although most SGD investors who are placing money into Emerging Market investments, gold and other commodities and so forth all have USD exposure the investment performance has compensated for the declining currency. Swiss Franc and Australian dollar are two of the few appreciating currencies versus Singapore dollar, although the tenancy for Singaporeans is to look toward Australia for dual currency deposits it may be worth a glance at the Swiss franc as a hedge / safe haven.
Charts come from http://www.xe.com/ here
As ever please contact Mark Paine at Meyado for more information. http://www.meyado.com.sg/ here
Charts come from http://www.xe.com/ here
As ever please contact Mark Paine at Meyado for more information. http://www.meyado.com.sg/ here
About Me
- Mark Paine
- I joined Meyado Private Wealth Management as an international financial adviser in 1993. I have lived and worked in the USA, Europe, the Middle East and currently reside in Singapore in South East Asia where I am Managing Director of Meyado Pte. I am a qualified Financial Representative in Singapore under the MAS Financial Advisers Act as well as holding UK FSA CFP and FPC examinations and a BSc in Business and Law from the University of Hertfordshire in the UK. You can contact me at markpaine@meyado.com
