I spent some time this morning analysing views on the Singapore dollar in the short term. Whilst we see a long term return to normal levels in the short term - to end 2012 the views are wide ranging, but in Sterling terms all point in one direction, that is a further reduction in sterlings strength. The most pessimistic view was as low as 1.73, but most averaged out at 1.96
In USD terms views varied but ranged from a further decline down to 1.20 to strengthening to 1.32
In both instances Meyado has a view for expatriates to see this as a buying opportunity in the short term and advocate accumulating via cost averaging into currencies and currency denominated funds.
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
