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Thread: US Dollar: I've fallen down & I can't get up

  1. #1
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    Default US Dollar: I've fallen down & I can't get up

    A follow-on to this thread, where we all did some guessing on how low will the USD fall. In fact, the US dollar has fallen faster than I estimated it to be. As of the time of this post, the interbank rate for USDSGD is now below 1.40. In fact, it went down to 1.3959 at one point (may be even lower). This level is something that that has not occurred since 1995 (since some people who were still wearing shorts with their school uniform ).

    My forecast, given the current economic situation of US and Singapore, it would even go below the historical intraday low (since 1990) of 1.3860 within 6 months, to around 1.37 in 6 months and to 1.35 by end of the year.

    What is your estimate? Just for fun...
    Last edited by Watcher; 28th February 2008 at 01:29 AM.

  2. #2
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    Default Re: US Dollar: I've fallen down & I can't get up

    it sure sucks over here
    Regards, Mark Pang
    www.markpangphotography.com

  3. #3

    Default Re: US Dollar: I've fallen down & I can't get up

    1:1

    My overseas holidays can never be better

  4. #4

    Default Re: US Dollar: I've fallen down & I can't get up

    You have people who complain when the currency is too strong (exports not competitive), you have people who complain when the currency is too weak (imported inflation).

    Maybe we should go back to pre-Bretton Woods.

  5. #5
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    Default Re: US Dollar: I've fallen down & I can't get up

    Obama and Clinton should focus on the economy....

  6. #6
    Senior Member Big Kahuna's Avatar
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    Default Re: US Dollar: I've fallen down & I can't get up

    But products denominated in USD have not reduce in price...so the middle man profited the exchange gain?

  7. #7
    Senior Member creampuff's Avatar
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    Default Re: US Dollar: I've fallen down & I can't get up

    Commodity prices will continue to increase as it is mostly denominated in US$.
    Well the US should blame themselves for getting into this mess.

  8. #8
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    Default Re: US Dollar: I've fallen down & I can't get up

    I guess government wants to have a stronger S$ to offset the inflation, my fun estimate would be 1.32 by end of the year.

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    Default Re: US Dollar: I've fallen down & I can't get up


  10. #10
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    Default Re: US Dollar: I've fallen down & I can't get up

    gonna buy some books from amazon later...
    Logging Off. "You have 2,631 messages stored, of a total 400 allowed." don't PM me.

  11. #11
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    Default Re: US Dollar: I've fallen down & I can't get up

    good for people loaded with cash to buy lenses, cameras and stuff from USA.

    my parents are planning a tour to US next month.

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    Default Re: US Dollar: I've fallen down & I can't get up

    Quote Originally Posted by raincool2005 View Post
    good for people loaded with cash to buy lenses, cameras and stuff from USA.

    my parents are planning a tour to US next month.
    Go Hong Kong buy better, HK$ is pegged to US$, and Hong Kong no tax/GST/VAT.

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    Default Re: US Dollar: I've fallen down & I can't get up

    Quote Originally Posted by Astin View Post
    Go Hong Kong buy better, HK$ is pegged to US$, and Hong Kong no tax/GST/VAT.
    shiok, din know that...
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  14. #14
    Senior Member hanqiang1011's Avatar
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    Default Re: US Dollar: I've fallen down & I can't get up

    Quote Originally Posted by humanTORCH View Post
    1:1

    My overseas holidays can never be better
    THats good... Can go B&H buy buy buy...

  15. #15

    Default Re: US Dollar: I've fallen down & I can't get up

    I'm just thanking myself I chose to have my salary in SGD instead of USD when I changed jobs last year.

  16. #16
    Senior Member glennyong's Avatar
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    Default Re: US Dollar: I've fallen down & I can't get up

    hahaha... so now... buying gears from B&H could be cheaper, while holidays need to heartpain too much...

  17. #17
    Senior Member melvin's Avatar
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    Default Re: US Dollar: I've fallen down & I can't get up

    $1.20 and below

  18. #18
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    Default Re: US Dollar: I've fallen down & I can't get up

    Quote Originally Posted by melvin View Post
    $1.20 and below
    might as well hope for 1:1000+++ like indo money...
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  19. #19
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    Default Re: US Dollar: I've fallen down & I can't get up

    Quote Originally Posted by Del_CtrlnoAlt View Post
    might as well hope for 1:1000+++ like indo money...
    hope that japanese yen could drop too, but that is impossible. sigh!

  20. #20

    Default Re: US Dollar: I've fallen down & I can't get up

    at this rate USD can be used as toilet paper liao! Thank you G.W. Bush! More good years!

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