WILL S$1 = US$1???
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DO you think will S$1 = US$1 in near future???
if yes, when will it happen?
if no, why not????
in my opinion, nothing is impossible... you never know
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in future maybe S$1 = U$0.50
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hmm malaysia's currency is already chasing us up.... so it mite happen...
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Originally posted by mhcampboy:hmm malaysia's currency is already chasing us up.... so it mite happen...
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Financially, it's impossible...
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I do hope so, so when we shop at chao angmoh shop in NY next time it won't be so asspensive.
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Before financial crisis only 1.3x, and that time it is considered to be appreciating like crazy, at the current rate it can take you 7-8 years.
But as we know, before that happens, MAS already intervene liao. And the only other freak possibility is the whole world follows Euros, then US keep depreciating and 'dua lao'.
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Wait long long....Originally posted by Unidentified:in future maybe S$1 = U$0.50
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like that means what leh? we can use same amt for bigger drinks and burgers there ah
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at the rate it's going now.... i think possible
but i think it wun happen lah.......
US will do something to keep their currency up -
more like singapore keep our currency down.Originally posted by FireIce:at the rate it's going now.... i think possible
but i think it wun happen lah.......
US will do something to keep their currency up
we having too strong a currency deters people from trading with us. -
Soon, it will be back to barter trading.
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never gonna happen
don dream -
yeah. on one hand, too strong means MNCs have to pay their expats more US$ to retain them here. affects our status as a business hub.Originally posted by beavan:more like singapore keep our currency down.
we having too strong a currency deters people from trading with us.
on the other hand, strong S$ means all your commodities will become cheaper, esp since we rely largely on imports for our necessities. -
When oil reaches US$150 per barrelOriginally posted by Unidentified:in future maybe S$1 = U$0.50
Prehaps S$1 = US$0.25 when oil per barrel is US$200
US dollar is the only currency for oil trade
So people will dump US dollar for cheaper oil prices in their country's currency context
So expect it to plunge if the oil prices still going up like human age -
eh... where u get tis news one?Originally posted by maggot:When oil reaches US$150 per barrel
Prehaps S$1 = US$0.25 when oil per barrel is US$200
US dollar is the only currency for oil trade
So people will dump US dollar for cheaper oil prices in their country's currency context
So expect it to plunge if the oil prices still going up like human age -
I assumedOriginally posted by newcomer:eh... where u get tis news one?
Last time around $50~$60 is 1.8
now near $100 is 1.4
So for $1.0 is $150 -
if this continues, we will be using China's RMB very soon.
the international currency will soon be RMB, not USD.
your company's invoices to foreign clients all will be RMB.
the dragon is waking up! PRC rulez!!!!!!!
finally, now it's considered cool to be cheena and very soon, our SG girls will be going to china to become maids.
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The low US$ against major currency is done with intention (partially) by the US government to promote export.
When US$ is low, US products in Singapore will be very cheap. So lots of people will buy and as a result US will have to export more.
And also, I guess this can be said as part of their protectionism policy. When US$ is very low, imported goods in US will be very expensive, very few people will buy and they opt for local goods which are cheaper.
But Why US$? I want Euro to go down too so that I can buy items from my wish list.
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Side track a bit
Later the high EURO may cause EU to go into recession because their goods are too expensive -
isn't this an appreciation of the USD?Originally posted by Unidentified:in future maybe S$1 = U$0.50
currently S$1 approx USD 0.75 right?
or is my maths just plain lousy.....
i think the USD will continue to depre against the major currencies of the world, esp euro -
It will never happen. A large portion of a country reserves are in USD. Do you think they will let it depreciate? If it really depreciates, the whole world will become beggars
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Wait nong nong..wait until sky fall down and pigs start to fly and it also won't happen..
Nearly every country's reserve is in US$..all the bonds and etc..unless all the countries abandon US$ and go for other currencies, then I can see it happening.. -
u say nw oso is can de.
bt spore will push our currency dwn to as low as possible for the gd of our economy. -
SG is lan lan must stick with US$ because we good friends with US..if we pangseh their currency, we courting death..