28 Mar '11, 9am

E-shopping tempting with strong S$, but...: THE Singapore dollar has been on a winning streak over the past year...

E-shopping tempting with strong S$, but...: THE Singapore dollar has been on a winning streak over the past year...

THE Singapore dollar has been on a winning streak over the past year, hitting yet another new-year high against the US dollar last week. Latest forex rates show that the Sing dollar strengthened to 1.26 against the greenback last Friday - a substantial gain compared to the 1.40s levels a year ago. The gains look set to climb. Analysts expect the local economy to remain robust, as opposed to the US economy, despite the recent crisis in Japan. The Monetary Authority of Singapore is expected to tighten its policy to check rising inflation when it meets next month, thereby adding to the strength of the Sing dollar. Overall, predictions are for the local currency to rise as high as 1.22 against the greenback by the end of this year. DBS even recently revised this forecast to 1.19. Local consumers who shop online in US dollars thus seem set for bargains galore. But even as the d...

Full article: http://www.asiaone.com/Business/My+Money/Opinion/Story/A1...

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