SGD just broken the previous high of 3.140 at 05-Jan-17
New high is 3.148 around 6pm just now

Singapore's NODX up a strong 9.4% y-o-y in December, beating forecasts of just 5.8%.
Sales to China - Singapore's biggest market - jumped by 33.5% y-o-y following Nov's 15.8% .

I think there remain some risks that UK will go for a clean break from EU, i.e. the so called hard exit instead of a protracted and measured withdrawal.
This could potentially drive the GBP down to 5.0 level imho.
Let's see if there is some support around 5.30 region first

she is going for a "hard" brexit....in the sense it will be a clean break....and market has already rebounded....it's often the uncertainty that causes the sell down....

wanted to go in this morning at 5.38 but officer delayed, and went up above 5.40....now 5.42....part of this movement is usd dropping rather than gbp rising....

Yeah,thats wat i mean actually.
For money changer to offer 3.11,the actual sure is way beyond.

Even dbs bank free oversea money transfer goes up to 3.1095 just now.


I implying actually the rate of usd shud b much higher

yes, it was on the verge of recession but now back up strong!

yep.

.. i was going to buy some uk etf tonight in nyse.

last night close, now gbp rebounded, no chance...



this rm/usd crawling peg may end up hurting more than not.

but i think bnm is also "pegging" with RMB in mind, a delicate balancing act.

as usd weakens with trump effect fading, rm will go weak against others like sgd, aud.

so, congrats to all sgd, aud hoarders!

Not to mentioned the last quarter gdp for singapore up by 9.1%.

Overall 1.8% growth. Pretty decent when many consider singapore going through a economic slump. If that is a slump, i cant wait to see actual growth.

GBP jumped with May's speech....Missed the opportunity....

Duplicate

This post has been edited by limeuu: Jan 17 2017, 09:26 PM

You can nego if your amount is tempted then or they have much stock of the currency that you want to buy..

this morning dbs rate chg to 3.1192 from yesterday 3.1095


but usd still same below 4.5

like i said, some of the drop in myr is due to the drop in usd, after bnm "fixed" the usd-myr rate....

MYR continues to gain against USD but loses against other major currency.

So USD is considered to be "expensive" as we are suppose to get cheaper rates right?

I still think gbp decline is far from over. 5.00 should be within reach imho

3.1532 the highest this morning

and they did farely well in exports to their biggest trade partner, PRC

I want to buy sgd but

the thais are nervous...?

we wait for NST or utiusan to "scold" them as response.

any drop in gbp will be reactionary and transient, to political events....eg, after the vote, and worries about hard brexit before may's press conference and speech...

fundamentally, the economy is still robust, and the value of the gbp is well supported economically....

i tried to catch both falls, but failed both times...