During economic downtime, investors flock to USD and Yen for shelter; that's why everyone else (including Euro and Pound) sink in relativity. Don't worry; the rain will eventually stop, and when it does other currencies will be buoyant again. Singapore is built on an incredibly strong social and economic foundation; the ongoing financial crisis hits financial centers across the globe particularly hard, that's all. The downpour will stop, eventually!
Some say that global economy will recover around 2010-2Q while others contend that even such an estimate is optimistic. The current financial crisis is unprecedented both in its nature and scope; hence, an honest answer to your question is: we don’t really know.
On the flip side, let’s focus on stuff that money can’t buy anyway: time, health, family, friendship, love, knowledge & skills, credential/credibility and so forth. The recession is global, and we are all in this together, everyone. “Be” the largest umbrella you are inspired to be and shelter the person next to you. The Sun will still rise tomorrow morning and 10 years from now we will all proudly tell our buddies/kids that “Hey, I went through that crazy storm stronger than ever!”
Oops, sorry for inadvertently occupying the airtime.
More "investor confidence" (purchase) results in higher exchange rate and vice versa. High exchange rate isn't always a good thing though; it impedes export.
Please feel free to email me if there's any more related questions. Cheer!
16 comments:
First to comment!
Yup, the economic downfall and all..
No wonder~
:D
OMG exactly wat My face look like when I see the rate of YEN. Bad time to go Japan for holiday.
girl...be careful with ur budget...Singapore is kinda in the crisis now...
So better take care..
During economic downtime, investors flock to USD and Yen for shelter; that's why everyone else (including Euro and Pound) sink in relativity. Don't worry; the rain will eventually stop, and when it does other currencies will be buoyant again. Singapore is built on an incredibly strong social and economic foundation; the ongoing financial crisis hits financial centers across the globe particularly hard, that's all. The downpour will stop, eventually!
haha! yaaa! especially at the British Pounds!! my gosh, from 3 to 2.2!!!
true true! Hate those times!
exactly! can u imagine, considering I just came back from my studies in AZ, and SIN dollars is now Bigger!!
OUCH ouch ouch ouch!
exactly! can u imagine, considering I just came back from my studies in AZ, and SIN dollars is now Bigger!!
OUCH ouch ouch ouch!
any idea what is the lowest rate pound will drop???
Some say that global economy will recover around 2010-2Q while others contend that even such an estimate is optimistic. The current financial crisis is unprecedented both in its nature and scope; hence, an honest answer to your question is: we don’t really know.
On the flip side, let’s focus on stuff that money can’t buy anyway: time, health, family, friendship, love, knowledge & skills, credential/credibility and so forth. The recession is global, and we are all in this together, everyone. “Be” the largest umbrella you are inspired to be and shelter the person next to you. The Sun will still rise tomorrow morning and 10 years from now we will all proudly tell our buddies/kids that “Hey, I went through that crazy storm stronger than ever!”
Oops, sorry for inadvertently occupying the airtime.
yes!!going to hk this sat!!
cant belive used to be 5.8 rate..
now is only 5.08!!so much big diff!!!
hope our sing dolar will be strong!!!
interesting blog.....lol...:)
exchange rate for your country currency should be better what?
More "investor confidence" (purchase) results in higher exchange rate and vice versa. High exchange rate isn't always a good thing though; it impedes export.
Please feel free to email me if there's any more related questions. Cheer!
That was my expression too.. US currency sucks :(
Friendly Update:
Mercury (USD) rising, and keeps on rising --- STOP!!
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