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Young & Savvy
Should you take advantage of attractive FX rates?
$1 goes a lot further than it used to in Japan and Britain. But savvy potential forex investors have to consider many factors if they want to improve their chances of benefiting from a strong Singdollar.
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There has also been strong interest in currency time deposits in the British pound and US, Australian and Hong Kong dollars.
PHOTO: ST FILE
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I decided a while ago to change some of my money into Japanese yen and British pounds and keep the stash handy for future travels.
I do not monitor the foreign exchange market closely and like most of us, would only swop my Singapore dollars for foreign currency when a trip is drawing near. But headlines about the growing strength of the greenback sending other currencies tumbling to record lows had caught my eye.
