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

Anonymous

28 Feb 2020

General Investing

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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Alex Chua

28 Feb 2020

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?

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

And also, any plans for your USD in your FD right now or just for Forex purposes? If no other plans and you are only using it to exchange to SGD then your purpose of high USD has been met now.

I feel that nobody can know the answer to that question.

How could somebody know the future?...

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