Friday, April 06, 2007

Is it safe to invest in USD?

Dear Mr Tan,

I have US$ fixed deposit of 50K on a one year term. I kept this FD for a few years ie from the exchange rate of 1.7 till now the exhanged rate is l.52.

I am just concerned if the US go into recession will the US$ exchanged rate grow weaker and what is the likely support range if that should happen?

---------------------------

My reply:

I am sorry that I am not able to predict the future direction of the US currency.

1 comment:

Anonymous said...

SGD is stronger as compare to USD. The exchange rate USD to SGD will probably hit 1.45 by end of 2007

Blog Archive