We can see from food, fuel, housing etc.
Likely their Yen basket of currency weightage is more than Sg.
They more willing to depreciate than us.
(15-04-2022, 10:10 AM)A2Z Wrote: We all know that increase interest rates will fight inflation. But don't understand how increase strength of a currency can bring down inflation. I still hv to buy food at already increased prices dont feel any savings? Some experts here pl explain.thank
(15-04-2022, 12:44 PM)sporeguy Wrote: The dollar is considered strong when it rises in value against other currencies in the foreign exchange market.
A strengthening Singdollar means it can buy more of a foreign currency than before.
With the singdollar strengthening Singaporean consumers benefit from cheaper imports and less expensive foreign travel.
Goods produced abroad and imported to Singapore will be cheaper if the manufacturer's currency falls in value compared to the Singdollar.
So if Singdollar did not strengthen the goods you purchased would had been even more expensive!
Anyway this is one part - the strength of Singdollar - there're other factors that also affect the price of goods: salary rent utilities tax transportation logistics - all these go towards the final price of the goods that consumers have to pay ...
(15-04-2022, 02:57 PM)A2Z Wrote: So it means eg US1=S$1.36 say now 1.35 it takes less S$ to buy overseas goods which are quoted in US$, Many consumer products prices already gone up, there is no savings for consumers as whatever savings by importers they are not going to reduce prices for consumers. I can see next round of company results reporting it will another billionaire is born. Many consumer goods are already imported way before inflation kick in and they are already in the warehouse. New imported goods will have inflation but not those storing in warehouses. Yet recently everything also go up. This is some kind of profitering.