AUD vs SGD
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Hi guys... juz wondering if any of u has been keeping track of the currency market... As u know, AUD has been growing strong since 2003... will AUD sustain its growth over the next few months or even 2004? Feel free to comment pls....
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do you think it has any relation with the euro growing strong also ?Originally posted by sunny6110:Hi guys... juz wondering if any of u has been keeping track of the currency market... As u know, AUD has been growing strong since 2003... will AUD sustain its growth over the next few months or even 2004? Feel free to comment pls.... -
AUD is expected to stay strong for much of 2004...
Some of the reasons why:
Aussie interest rates are comparatively higher than most developed nations and are expected to be raised soon to counter rising property prices in Australia. With higher interest in Australia, there will be a demand for AUD from overseas... which leads to higher AUD ...
Australia is one of the largest exporters of beef and livestock and the discovery of madcow disease in the UK, US and Canada will only strengthen Australia's position as leader. This is good for the AUD as well since there will be an increase in demand for AUD. But high AUD could be bad news for exporters as overseas companies would have to pay more for buying Aussie stuff and results in lower trade... -
dun think so bah...Originally posted by Maya061:do you think it has any relation with the euro growing strong also ? -
At what level do you think will AUD peak against SGD?Originally posted by ernestantan:AUD is expected to stay strong for much of 2004...
Some of the reasons why:
Aussie interest rates are comparatively higher than most developed nations and are expected to be raised soon to counter rising property prices in Australia. With higher interest in Australia, there will be a demand for AUD from overseas... which leads to higher AUD ...
Australia is one of the largest exporters of beef and livestock and the discovery of madcow disease in the UK, US and Canada will only strengthen Australia's position as leader. This is good for the AUD as well since there will be an increase in demand for AUD. But high AUD could be bad news for exporters as overseas companies would have to pay more for buying Aussie stuff and results in lower trade... -
Speculators like George Soros said he would sell USD and buy AUD & EURO... so you know why both AUD & EURO are so strong now loh hehehe...Originally posted by Maya061:do you think it has any relation with the euro growing strong also ?
EURO so strong partly to do with their interest rates as well. It is twice as high as in USA! So naturally money from US also fly to Euro loh... boasting the Euro to record levels against USD...
There has also been talk that the USD will soon be replaced by the Euro as the currency denomination for gold... hmm... but of course USA is trying not to let that happen. -
Gee... talk to your broker for advice man...Originally posted by sunny6110:At what level do you think will AUD peak against SGD?
I simply talk cock sing song here... -
The value of our SGD is weighted against a basket of currencies from countries that we trade most with.
In the basket, are the USD, Yen, Euro, Sterling Pound, AUD.
The weightage of each country with the SGD is dependent on the volume of trade that is conducted over the last five years.
With the US Market being the most important market for our manufactured products, the USD serves as quite a strong influence over the value to the SGD.
Unfortunately, the USD is being weakened by the heavy domestic debt from the borrowings committed by US Government to fund its way out of economic recession.
The heavy borrowings were necessary to finance the wars that it has got itself involved with in Afghanistan and Iraq, and the continued expenditure to build a strong military, as well as to improve 'homeland security from scratch' - all made even more urgent and necessary after their 9-11 nightmare.
The huge domestic debt situation is made worse by the huge trade imbalance that the US is suffering from its trade relations with practically every country. The USA import more for domestic consumption then it is able to export to the whole world.
In a CNN special feature on Saturday night, a financial specialist is anticipating another recession for the USA in 2005 - if the present ballooning financial crisis is not addressed quickly in 2004.
While the USA is weighed down by its heavy financial burden, Australia is having a great time with its exports to Asia and the rest of the world - especially with the high demand of its agricultural produces in China.
The Australian economy has been quietly humming from strength to strength, from mid-2002 through end-2003, and still going strong.
The AUD is very stronger against the USD, and although the SGD has strengthened over the USD, the Singapore economy could not match the performance of Australia in 2002 and 2003.
This has resulted in the SGD strengthening against the USD, but comparatively weaker than the AUD, which is able to outpace the SGD in achieving a higher exchange valuation with the USD.
With our high dependency on the large US Market and her economic health for our industry and commerce, it is best that Singapore prepare for the worse to come in 2005. -
This year, 2004, would be a gd yr to invest in equities(if no terrorists attacks reported, virus spreading etc.), well... at least for the 1st quarter... so should one commit his cash to foreign cash deposits like the AUD or in the stock market?
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Yes, the US is the major trading partner for most developed nations including Singapore. That is why such countries who depend on a lot of trade with the US will be hit as well should the US economy do badly.
That's why there are several major Singaporean corporate inroads into Australia in recent years - think Singtel-Optus, SIA-AirNZ-Ansett?... This is to diversify away the risks pertinent to the respective economies - Singapore's dependence on US economy, Singapore's own economy, Australia's booming economy...
To answer sunny6110, it really depends on your own risk appetite as well as outlook of the economy whether you should buy foreign currency denominated fixed deposits or invest in equity. Do you think AUD will strengthen further against SGD? What's the return you expect? Will you be able to find better returns in the stock market? Perhaps try buying Aussie stocks on SGX?
Cheers! -
i think AUD will be 1A to S1.20-1.25 over the longer term.
LKY say in 80s that Aust risk becoming the white trash of Asia. He is wrong since if Aust were to become trash is only the trash of Oceania, not Asia.
secondly Aust recent years is not turning into trash, instead S'pore appears to becoming the yellow trash of Asia, and we are really part of Asia.
Australia as a Pacific Continent as that Rob Chen frequently nag about is merely 'Asia-Pac' at most, not Asia -
Interest rates in OZ are v high now... dun think will invest in aussie stocks...Originally posted by ernestantan:To answer sunny6110, it really depends on your own risk appetite as well as outlook of the economy whether you should buy foreign currency denominated fixed deposits or invest in equity. Do you think AUD will strengthen further against SGD? What's the return you expect? Will you be able to find better returns in the stock market? Perhaps try buying Aussie stocks on SGX?
Cheers! -
I think you might have read LKYs comments and took it the wrong way. And i think GCT made a similar comment recently as well. The great influx of aisian immigrants to australia has caused a shift in the demographics of the country. Everyone knows australia is filled with aisians. Everywhere you go, you cant help but see yellow. Less the outback and country. No one can deny the fact that the engine of australia is driven greatly by asians. Even pauline hanson realised that and ask for immigration laws to be changed to prevent asians from robbing what was rightfully the aussies. What will happen twenty years from now, no one can tell, but judging from the current trends, who do you think will be the driving force for the nation? Then what will happen to the whites?Originally posted by Linda L:i think AUD will be 1A to S1.20-1.25 over the longer term.
LKY say in 80s that Aust risk becoming the white trash of Asia. He is wrong since if Aust were to become trash is only the trash of Oceania, not Asia.
secondly Aust recent years is not turning into trash, instead S'pore appears to becoming the yellow trash of Asia, and we are really part of Asia.
Australia as a Pacific Continent as that Rob Chen frequently nag about is merely 'Asia-Pac' at most, not Asia
With so many asians living it out in australia, of course it has unwittingly allowed the invasion of asian cultures brought along by these migrants. Of course they can still claim their Fair Dinkums, Waltzing Matildas and mates. But at the end of the day, the aussies will still embrace and accept the changes and thus begin the asian invasion.
Anyway, of course the aussies will be the whites of Oceania. Besides New zealand, which other Oceania has such a proportion of whites?! -
Australia is a nice place.. everyone wants to migrate there...
My friends talk to me about it too..
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i tot i saw my name being mentioned...
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Nonetheless, how long has there been an Asian community in Australia?Originally posted by Ytsejam:I think you might have read LKYs comments and took it the wrong way. And i think GCT made a similar comment recently as well. The great influx of aisian immigrants to australia has caused a shift in the demographics of the country. Everyone knows australia is filled with aisians. Everywhere you go, you cant help but see yellow. Less the outback and country. No one can deny the fact that the engine of australia is driven greatly by asians. Even pauline hanson realised that and ask for immigration laws to be changed to prevent asians from robbing what was rightfully the aussies. What will happen twenty years from now, no one can tell, but judging from the current trends, who do you think will be the driving force for the nation? Then what will happen to the whites?
With so many asians living it out in australia, of course it has unwittingly allowed the invasion of asian cultures brought along by these migrants. Of course they can still claim their Fair Dinkums, Waltzing Matildas and mates. But at the end of the day, the aussies will still embrace and accept the changes and thus begin the asian invasion.
Anyway, of course the aussies will be the whites of Oceania. Besides New zealand, which other Oceania has such a proportion of whites?! -
Nonetheless, how long has there been an Asian community in Australia?Originally posted by Ytsejam:I think you might have read LKYs comments and took it the wrong way. And i think GCT made a similar comment recently as well. The great influx of aisian immigrants to australia has caused a shift in the demographics of the country. Everyone knows australia is filled with aisians. Everywhere you go, you cant help but see yellow. Less the outback and country. No one can deny the fact that the engine of australia is driven greatly by asians. Even pauline hanson realised that and ask for immigration laws to be changed to prevent asians from robbing what was rightfully the aussies. What will happen twenty years from now, no one can tell, but judging from the current trends, who do you think will be the driving force for the nation? Then what will happen to the whites?
With so many asians living it out in australia, of course it has unwittingly allowed the invasion of asian cultures brought along by these migrants. Of course they can still claim their Fair Dinkums, Waltzing Matildas and mates. But at the end of the day, the aussies will still embrace and accept the changes and thus begin the asian invasion.
Anyway, of course the aussies will be the whites of Oceania. Besides New zealand, which other Oceania has such a proportion of whites?! -
Off topic liao~! pls keep discussion to currency only leh...
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Yah lar all those traitors run awayt o australai, whoa lao, they shoud luv their country man. Like me!