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Spot SGDMYR is 2.536 now
52wk Range: 2.5249 - 2.6357
52wk Range: 2.5249 - 2.6357
FX Alert: SGD nears 52-weeks low against Ringgit
- Thread starter Runifyouhaveto
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Any ideas? I was wondering too.... my suppliers all complaining
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Certainly not because of toll rate increment :p
Malaysia posted 6.4% Q2 growth
http://www.gulf-times.com/eco.-bus. news/256/details/404366/malaysia-posts-64%-q2-growth
Singapore 2.4% , 0.1% if seasonally adjusted
http://www.channelnewsasia.com/news/singapore/singapore-economy-grew-2/1307652.html
Of course Najib hiked rates in July. He hinted one more round soon.
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What if it goes to 2.3, then 2.0
That translates to FX gain for our Iskandar property buyers.
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Did your suppliers complain when it went up?.
You say leh
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Or loss if they have yet to make payment, only initial down.
The thoughts is those gain on capital appreciation has already been made.
Malaysian has been saying it is crazy to be paying more then RM1k+/psf.
More of the greater fool theory.
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yes, well said.
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Bloomberg: Singapore Dollar’s Losses to Ringgit Seen Widening - 9 min ago
http://www.bloomberg.com/news/2014-...es-to-ringgit-seen-widening-asean-credit.html
Singapore uses the exchange rate to guide monetary policy rather than interest rates. The Monetary Authority of Singapore may allow more weakness after data yesterday showed non-oil exports contracted for a third month in July, Pepper said.
In what is likely to support Malaysia’s currency further, one-year interest-rate swaps have climbed to 3.77 percent, extending the gap over the central bank’s 3.25 percent overnight policy rate, which Zeti increased in July for the first time since 2011.
“There is still potential for the ringgit to appreciate against the Singapore dollar,” Suresh Kumar Ramanathan, a regional currency strategist in Kuala Lumpur at CIMB Investment Bank Bhd., said in an Aug. 14 phone interview. “There’s a high chance Bank Negara will raise policy rates by another 25 basis points in September and that could provide the ringgit with further strength and overshoot 2.5 per Singapore dollar.”
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Gentlemen, we just hit 2.5249 a moment ago - 12mth Low
In opposite, Sinkies to pay in MR incur FX loss.
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If they only take a small loan or no loan on iskandar property = FX gain?
If they have >50% outstanding loan = FX loss?
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