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 - Seedly
 

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Forex (FX)

Asked by Anonymous

Asked on 20 May 2019

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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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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