24 Mar '15, 3am

How exchange rates affect your decision in buying overseas #property #Money #Investment

How exchange rates affect your decision in buying overseas #property #Money #Investment

How exchange rates affect your decision in buying overseas property Currency exchange rates very rarely remain dormant. They often fluctuate and many times in a single day. Frequent travellers are well aware of this, as how much they can afford to spend on a vacation depends on the how strong the local currency is and what it is at the point of transaction, in relation to the Singapore dollar (SGD). The watching and trading of currencies have even spurned an entire business; Forex trading where people buy and sell currencies to make money. Currencies fluctuate because of supply and demand. Every seasoned investor knows that when the demand for the currency goes up and the supply - in this case, property - either decreases due to overwhelming interest or remains the same, then the value of the currency increases. However, when there are people trying to sell but not many ar...

Full article: http://www.propertyguru.com.sg/lifestyle/article/2/how-ex...

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