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?
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My reply:
I am sorry that I am not able to predict the future direction of the US currency.
SGD is stronger as compare to USD. The exchange rate USD to SGD will probably hit 1.45 by end of 2007
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