facebookNoticed recently USD is strong vs SGD. Anyone knows if it will remain strong in new few months? I have some USD in FD. Not sure to wait till maturity or convert first. Thanks - Seedly
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Anonymous

28 Feb 2020

Noticed recently USD is strong vs SGD. Anyone knows if it will remain strong in new few months? I have some USD in FD. Not sure to wait till maturity or convert first. Thanks

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    Discussion (4)

    What are your thoughts?

    Vincent Tan Wen Bin

    Vincent Tan Wen Bin

    22 May 2019

    Level 7·Assistant Vice President at Thinkers Alliance

    At today current market rate, the USD is considered in a favorable position, definitely a good time to consider converting.

    However, the next question is after you converted USD back to SGD, what are you going to do with it? If the investment in SGD will yield better than your current USD FD, than why not? Unless you got other reasons to hold USD

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      Alex Chua

      Alex Chua

      28 Feb 2020

      Level 9·Seedly student Ambassador 2020/21 at Seedly

      Sgd depreciates against usd because of covid 19. This is to be expected. Whether sgd remains strong, maybe u can tell us?

      Whether u want to convert is up to you. The most important thing is what u want to do with sgd or usd.
      If u want to invest in sg stocks, go ahead and convert
      If u want to invest in us stocks, why convert?

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        Indeed strong right now. But you considered using your USD to buy US stocks?

        And also, any plans f...

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