Back in end 2015, my friend picked up news on the Facebook feed on the news that USD will be strengthening further.
During that period the USD to SGD is at a rather high point of 1.43.
The implication of this currency on every day folks like myself is that when USD is down it makes shopping at Amazon to be cheaper. If I am anticipating USD dollar to be rising, I should be making the decision to purchase what I would like to purchase today.
Alas, if you look at this USD versus SGD chart, you would see that the price of USD against SGD went the opposite direction.
Had you purchase what you want to buy in December 2015, you might be kicking yourself.
The lesson learn here is that: Newspaper writes commentaries on bank analyst’s opinion on price direction. It is hard for them to be ......