Just last week, I wrote an article cautioning investors not to be over confident that Singapore Dollar will continue to strengthen. I’ve highlighted that stronger currency like Japanese Yen and Swiss Franc have both worried their governments.

In today’s straits times article, MAS ‘likely to ease stance on Singdollar’, it echos my opinion that “economists believe the increasing risk of a recession may prompt the Monetary Authority of Singapore (MAS) to ease its exchange rate policy when it meets next month.

If you look at USD/SGD chart below, SGD has depreciated against USD sharply this month. It dropped nearly 2.4% till today.

USD / SGD 3 month Chart (Source: Yahoo Finance)

It is always hard to go against the crowds, but those who can see through the fog are always well rewarded.

About the Author

Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
The views and opinions expressed in this article are those of the author. This does not reflect the official position of any agency, organization, employer or company. Refer to full disclaimers here.

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