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...
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...