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Even if the currency jialat one, cananians have it easy. Things are cheap in canana. Unlike peesai where everything import. A steak meal and beer only cost 10 bucks.
For outsiders who deposit in those currencies will be affected. Anyway, ppls usually wont invest a big chunk of their portfolio in currencies.
Just a reminder
Include CAD in the analysis too. Your crystal ball will be right if the central banks fail to provide enough stimulus and the global economy continues to soften. China is also a wildcard, and a hard landing could adversely affect AUD. But overall, I still prefer the commodity currencies as I'm betting on continued reflation and central bank money printing. I am personally long the CAD and the British pound against the Euro.
A lot of people will be laughing at you when both currencies crash. You should have kept 100% SGD. Spore govt has been renowned for turning around every financial crisis since the country become independent.
A lot of people will be laughing at you when both currencies crash. You should have kept 100% SGD. Spore govt has been renowned for turning around every financial crisis since the country become independent.
The oz dollar is statistically 65-70c US over the last 30 or so years. It is now around 104c US. It has been has high as 112 US. 4 years ago I was on honeymoon and it was 60c US.
This currency is as useless as the country from which it is spawned
More volatile than the pinoy peso
If you can wait long term and have Oz dollars, buy as much US $ as you can because long term you will clean up