Singapore Money

[WuJianDao]

Singapore dollar jumps after MAS refrained from more monetary easing
http://www.straitstimes.com/news/bu...after-mas-stands-pat-monetary-policy-20150414

Singapore dollar spiked against Ringgit, spot rate hitting 2.72 this morning.
Once again, 3M-SIBOR higher than 3M-SOR

 

[SgGoneWrong]

Sinkies are very lucky to have pap govt that makes sinkie dollars so strong.
Stronger than the fucked up AUD that has deteriorated from 1.3 to 1.03.

Sinkies HUAT AH !
PAP NO. 1 !

 

[WuJianDao]

Sinkies are very lucky to have pap govt that makes sinkie dollars so strong.
Stronger than the fucked up AUD that has deteriorated from 1.3 to 1.03.

I wouldn't gauge a govt's performance based on FX strength. Malaysia is corrupted while Indonesia is in good leadership now but both FX collapsed hand-in-hand.

Using Australia as an example, their interest rates fell to a record low (maybe further cuts next month) while our 3M-SIBOR surged from 0.3% to 1.02% within a year (SOR increased from 0% to 1% concurrently). Likewise, Thailand's military govt also reduced interest rates.

So tell me, are Singapore's citizens or property investors are better off than Australians or Thais? I guess, not necessarily.

In short, the FX movement in 2015 is more about currency-war.

 

[WuJianDao]

Financial literacy in Singapore slumps
April 14, 2015
http://www.cnbc.com/id/102583654

Is that why our debts got higher?

 

[SgGoneWrong]

I wouldn't gauge a govt's performance based on FX strength. Malaysia is corrupted while Indonesia is in good leadership now but both FX collapsed hand-in-hand.

Using Australia as an example, their interest rates fell to a record low (maybe further cuts next month) while our 3M-SIBOR surged from 0.3% to 1.02% within a year (SOR increased from 0% to 1% concurrently). Likewise, Thailand's military govt also reduced interest rates.

So tell me, are Singapore's citizens or property investors are better off than Australians or Thais? I guess, not necessarily.

In short, the FX movement in 2015 is more about currency-war.

One thing I know, holidaying in sg has become much more expensive for me whereas holidaying in aust for a sinkie has become much more cheaper. Sg sibor can surge to 1%+ but aust home loan rate is still over 4%+. Sg property market is firm and aust major cities house prices is still surging.

 

[tanakow]

What fuck lucky are you talking about? So USA is a fuck type country because its currencies deteriorated from 3 to 1.36?

Sinkies are very lucky to have pap govt that makes sinkie dollars so strong.
Stronger than the fucked up AUD that has deteriorated from 1.3 to 1.03.

Sinkies HUAT AH !
PAP NO. 1 !

 

[WuJianDao]

Very good article, it talks about us.

This Central Bank Doesn't Set Interest Rates
April 13, 2015
Singapore uses the country's exchange rate as its main monetary policy tool
http://www.bloomberg.com/news/articles/2015-04-13/this-central-bank-doesn-t-set-interest-rates

有一个央行 从来不加息
April 14, 2015
http://wallstreetcn.com/node/216625