The Singapore’s government forecast for inflation is 4.5 to 5.5 per cent this year. The average rate for the past 28 years had been 2 per cent. This means that if you had stashed your money in a biscuit tin, like what some old folks do, the $1000 you have become $667, by compounding the [...]
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I hadn’t been posting entries for some time because I went for a trip overseas and I’m just spending my time catching up on sleep and books. When I was in Perth, the exchange rate for 1 AUD is 1.50 SGD at the hotel! This is even more expensive than the current USD-SGD exchange rate. [...]
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There had been a lot of news about the fall of the US dollar, and the rise of the Euro and basically just about any currency. Apart from affecting the token tourists or importers/exporters, people can make money out of trading currencies. The foreign exchange market is also known as the FX market, and the [...]
Popularity: 3% [?]
Interest rates for New Zealand Dollar at UOB have fallen from 7.6% by 1%. Interestingly, DBS is offering better rates at 7.6%. Usually, UOB rates are better than DBS rates. Anyway, this is still way better than the less than 1% offered for a normal fixed deposit. Previously, my NZ dollar fixed deposit was at [...]
Popularity: 5% [?]
Invest Fair 2007 in Singapore will be here on 25 and 26 August. If you would like to find out more about various instruments such as CFDs, Forex, ETF, land and wine investments, warrants and certificates, it is a good opportunity to go for the free seminars at InvestFair 2007. It would be held at [...]
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There’s a bubble forming in India. Property Prices have risen 16% a year over the past four years, well ahead of average income. In some parts of India, the prices have doubled twice. Now that mortgage rates have increased sharply, property prices in Mumbai and Bangalore have already started to fall. The stock market is [...]
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The Economist publishes a Big Mac Index, which is a guide to how far currencies are from fair value, based on the prices of a Big Mac at McDonalds all over the world. Based on the guide published on July 7th 2007, the Singapore dollar is considered 24% undervalued against the American currency. This is [...]
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This is very exciting! The fixed deposit rates from the New Zealand Dollar have risen since last month. Among the different currencies offered by the two banks, the NZ dollar offers the most attractive rates. The next currency that does not even come close is the Australian dollar. In addition, the NZ currency offers one [...]
Popularity: 4% [?]