Quote:
Originally Posted by nono1973
That money changer i mentioned at Harbour Bay gives a 10550/SGD on 09/10.
Grand Batam Mall basement was 10600/SGD on 10/10
Formosa Hotel opp was at 10550/SGD on 11/10
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If did not remember wrongly, I came back to spore from batam on 11 Oct 2022 while you came back from batam on 12 Oct 2022.
MAS tightens monetary policy for the fifth time in a year to dampen inflation on the 14 Oct 2022 and the sing dollar on that day appreciate from 10650 to 10850 rupiah. And today 20 Oct 2022 the exchange rate for sing dollar has further appreciate to 10930 rupiah.
As reported in the news that USA is going to raise interest rate 2 more times by 0.75% each time, one time in november and another time in december to control their inflation.
The expected result will be the world currency will devalue again against US dollar. Then if spore tighten policy or raise interest rate again, Sing dollar will again appreciate against the rupiah and expected that the exchange rate of sing dollar probably by then will be more than 11500 rupiah or worst liao.
Strong sing dollar reduce our overseas spending in our neighbouring countries due to stronger buying power...