Do you think a strong S$ is good for Singapore?

.. SG

A strong Singapore Dollar (S$) will be good to help contain inflation as US$ is still the most common currency for trade. However a strong S$ might affective the competitiveness of locally made products, which could result in a rise in unemployment.

In your opinion, do you think a strong or a weak S$ is better for the country, especially for the lower income Singaporeans.

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deathmaster SG

actually, you must consider both sides of the coin.

don't just take in wholesale statements issued by the press.

is the sing dollar really strong? or is it that the US dollar has become weaker compared to the sing dollar.

cos if u look carefully, the exchange rates with countries such as EU, britain and China hasn't change much actually.

the only significant change is the drop of the US dollar.

so i don't think people should describe the US dollar as strong.

.. SG

actually, you must consider both sides of the coin.

don't just take in wholesale statements issued by the press.

is the sing dollar really strong? or is it that the US dollar has become weaker compared to the sing dollar.

cos if u look carefully, the exchange rates with countries such as EU, britain and China hasn't change much actually.

the only significant change is the drop of the US dollar.

so i don't think people should describe the US dollar as strong.

I believe you would need to update yourself on the exchange rate before making any comments about the subject

http://www.x-rates.com/

S$ - CNY = 4.67 (Jun07)

S$ - CNY = 5.10 (May08) (Appreciated 9%)

GBP - S$ = 3.08 (Jul07)

GBP - S$ = 2.68 (May08) (Appreciated 15%)

Btw, can I know which press are you referrring?