Is the value of money dropping?
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No... it means the SGD is getting closer to the value of USD...
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huh??????the usd is dropping wrt sgd lor
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SGD appreciating. It's a good thing. If not blood hell price of everything rises.
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So can I assume that this is a good sign
The more it drops the better it is for us -
USD drop is good
i can buy more things online
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not really. it means tat ppl from sg can buy us product cheaper. but it also mean sg product exported to other country is more expansive.Originally posted by SoulDivine:So can I assume that this is a good sign The more it drops the better it is for us
one of the reason why china was able to do so well is because their low value currency. -
depends on how u view it bah. .
Like FIFI say, can buy more stuff online.
but on deeper thought, lesser visitors and stuff, which mayb bad for our economy -
I never know that money which looks so simple can become so complex at the same time.
Some say value drop is good
, some say value drop is bad 
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But for my case, its good because I only have SGD money. -
Like P-membership ah?Originally posted by FireIce:USD drop is good
i can buy more things online -
no. fuel gets more expensive as USD drops and transportation;pub bills gotta increase..Originally posted by SoulDivine:So can I assume that this is a good sign The more it drops the better it is for us -
value of money dropping can be termed as inflation in sg case (diminishing of purchasing power per dollar) & depreciation in US case.which is expected that sg is facing a 5% inflation by nxt yr..
eating a plate of mee goreng won't be $2 anymore... -
Does not necessarily mean you can buy more things, last time the USD dropped I checked out the price of this book I wanted to get in Amazon, after the depreciation of the USD, they corrected (increase) the price of the book in USD.Originally posted by FireIce:USD drop is good
i can buy more things online
So I LPPL. -
X2Originally posted by maskedangel:depends on how u view it bah. .
Like FIFI say, can buy more stuff online.
but on deeper thought, lesser visitors and stuff, which mayb bad for our economy -
good for us, as sing dollar appreciates, we have more buying power overseas, so imports more
but bad for us, as sing dollar appreciates, our exports become more expensive, so less people buy from us, bad for economy.
depends on how you look at it, of course, from our pov, sing dollar appreciate is goood, very goooooood -
i thought news alreadi say US economy not doing well mah.
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Of course la......... by the minute summore!
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Wait a minute...SG does not export much products anymore. SG is more of a service-based economy country. As such, we won't suffer much losses, right? The west still need to pass by Port of Singapore to go to the east and vice versa. So, they pay the a higher valued price. Correct me if i'm wrongOriginally posted by rebound:not really. it means tat ppl from sg can buy us product cheaper. but it also mean sg product exported to other country is more expansive.
one of the reason why china was able to do so well is because their low value currency. -
increased cost of production as well as human labour cost driving away investors?Originally posted by simnatic:Wait a minute...SG does not export much products anymore. SG is more of a service-based economy country. As such, we won't suffer much losses, right? The west still need to pass by Port of Singapore to go to the east and vice versa. So, they pay the a higher valued price. Correct me if i'm wrong -
O.o so is that a gd thing or bad thing?
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who say. those that have factory here how? sgd increase and usd decrease, means cost of production for companies especially american ones will increase. then they move to prc howOriginally posted by simnatic:Wait a minute...SG does not export much products anymore. SG is more of a service-based economy country. As such, we won't suffer much losses, right? The west still need to pass by Port of Singapore to go to the east and vice versa. So, they pay the a higher valued price. Correct me if i'm wrong
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if US$ drops enough... they go back to the USA liaoz...
