For the past couple of weeks, some Asian currencies have been hit pretty badly and the Singapore dollar climbed to record highs against many of our neighbours’ currencies. Since I go to Johor Bahru pretty often, I took a leisurely walk to Change Alley during lunch time last Friday to check out the exchange rates. Unfortunately, most people thought the same way too and the place was super crowded. Singaporeans definitely know a bargain when they see one.

Apparently, this bloodletting is due to big institutional funds withdrawing their funds from Asia. And obviously, the stock markets have not been spared. It was a sea of red for many Singapore counters last week. The queues at the money changers probably doubled after the Sing dollar appreciated by about 5% against the Malaysian Ringgit in the past 3 months. So Singaporeans should be investing more since Mr Market is currently giving a 10% discount on the STI (if you compare ...