The Euro may just stay at this rate as of the depreciation of the USDOriginally posted by suntze:Threats are fluid and can change in the future. Our planners will no doubt bear in mind in the event we do not buy into the best available NGF, the possibility is open to our potential adversaries to do so. Strategically, that may be a dangerous course to take.
My guess is the confirmation might have been delayed due to the high euro; hopefully it will be cheaper in the next few months.
Nope... This is still very high...Originally posted by suntze:The Euro is at SGD 2.15, down from the peak of 2.35, ie. 9% off the peak and perhaps more eventually. That is a huge saving. The USD is also going down against the SGD.
However, as said earlier, cost is an important consideration but should be only after strategic considerations are met.