12 Aug '11, 9pm

Give the currency market some thought

You are probably exposed to it already even if you did not invest in it intentionally. From holding on to some Malaysian ringgit for that weekend getaway to Malacca to owning the stock of a multinational corporation, it is nearly impossible not to be involved in some way in the US$4 trillion (S$4.85 trillion)-a-day global foreign exchange (forex) market. For some, exchange rates are something to be looked up only a week before departing for a vacation. But for many others, from exporters to expatriates, forex exposure is a practical necessity that cannot be ignored. The "utility" feature of forex is what sets it apart from other investment asset classes. And it potentially influences one's familiarity and comfort with particular currencies - beyond the usual risk-reward considerations an investor would have for other investment assets. While your foreign currency needs are...

Full article: http://www.todayonline.com/Business/PersonalFinance/EDC11...

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