Sunday, April 06, 2008

Depreciation of USD

The U.S. dollar has been hyped because of its decreasing value against the Singapore dollar.

So Singaporeans are very happy, provided they have some links to the U.S. in terms of monetary issues.

I am happy too!

Not only I am happy about cheaper exchange rates at sprees (ooops) and most importantly, more money to spend while I'll be at the U.S.!!

Phweeeet.

I am sooooo looking forward to get some cheaper books (and I mean cookbooks and whatnot), cheaper clothes (I pray they have my size), cheaper this and cheaper that. Compared to how much SGD I have to spend at the same time last year.

After tuition today I went around Bedok and Parkway Parade to look for the best prices. Apparently they're higher than I thought, my dad said it's because of the weekends. I'm not experienced with currencies enough. So I'll listen to Daddy and find one free weekday that I can go to the money changer. The rates were about USD1:SGD1.385. I went to two money changers in Bedok and five at Parkway Parade and one at Marina Promenade. 8 money-changer visiting in two hours.

I got the following graphs from exchangerate.com to take a look at the rates between USD and SGD.

As of April 5.


The minimum was USD1:SGD1.3771 the past month. I hope it'll go down further this month =X

And for the last three months...


Highest was at 1.4482.


And then it was 1.4736.
And 1.5349.
And the past year, the highest was 1.5440!!! Look at now! The minimum is 1.3771!! That's quite a margin.

Depreciate slightly more and I'll be happy enough!

哎,得寸进尺。

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