Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

HKD/SGD - Hong Kong Dollar Singapore Dollar

Real-time Currencies
Currency in
SGD
Disclaimer
0.1735
-0.0002(-0.11%)
Real-time Data

HKD/SGD Discussions

You know what? now more and more money is being out of Hong Kong real estate sector and it is going into Singapore property market:) ...That is why, the H.K$ is getting weaker and weaker against not only US$, but also than Singapore$. Time to buy Singapore property.
H.K and Singapore have no more economic growth engines:)
Sell Aussie$, Singapore$, NZ$, HK$, and Euro against Korean Won, the reason is that: . . In fact, the S.Korean domestic economy may be suffering from the holding interest rate by BOK due to increasing more and more goods from overseas esp oil and gas from US, Middle East and so on:) . . However, S.Korean companies such as LG Electronics, Samsung Electronics, S.K Hynix etc already became multi-national corps, means that they are free from the tension between China and USA as a great supplying channel unless China and USA both ban all of importing activities, means that US and China impose tariffs on both products not S.Korean goods esp intermediate products, which must be imported to manufacture complete products:). . As a matter of fact, the multi-national corps, mentioned above from S.Korea, will be the biggest winner as a great supplying channel as they have been in the world market since 2011yr:) . . However what about Aussie, NZ, H.K, Singapore etc? No Growth Engine for them:)
Sell Singapore$, H.K$, Aussie$, NZ$, buy Chinese Yuan, S.Korean Won, Japanese Yen:) . . Esp Won has become a safe haven currency than Singapore, H.K$. Also, according to IMF, Won will be one of SDR(s) of IMF in 2020yr.
In fact, trans-shipment ports economies like Singapore and H.K are getting doomed, due to South Eastern countries growth esp Vietnam, Indonesia, Thailand and etc. . . Also, more and more shale gas and oils are coming directly from China through the Pacific Ocean. Indeed the numbers of oil tankers through Malacca Straits are drastically being down and down, and will be further down and down.
Singapore and H.K have no more economic growth engine. Its economy has been down and down:)
Singapore$ H.K$ Aussie$ NZ$ are getting weaker and weaker not only against esp S.Korean Won, Chinese Yuan, Japanese Yen, also against US$
As a matter of fact, more and more shale gas and oils from the US into the top oil consumption countries like China, S.Korea, Japan through Pacific Ocean are coming. As a result, the oils from Middle East to those countries have been drastically down since 2015. That means Singapore and H.K no longer become oil hubs and financial hubs from now on and in coming future.
Singapore economy is getting weaker and weaker. Singapore$ should be in the range of 1.5-1.55 against US$ The current level is so much bubbled. Singapore economy is indeed getting down, and it will be going on for the next decade.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.