SG Talk

....today SGD hits all time high...

But let's look at EPF vs CPF.

EPF returns varies depending on investment returns.
While CPF is fixed at 2.5 or 4%

Introduction to Safe-Haven Currencies
In times of global economic uncertainty.

Investors often turn to safe-haven currencies as a store of value. These currencies are typically issued by stable, politically neutral countries with strong economies. 
Safe-haven currencies are considered a reliable means of preserving wealth during times of market volatility and economic turmoil. 
The Singapore dollar (SGD) is one such currency that is widely regarded as a safe-haven currency.

But what exactly are safe-haven currencies, and why do investors turn to them in times of crisis? To understand this, lets take a closer look at the characteristics that define safe-haven currencies:

1. Stability: 
Safe-haven currencies are issued by countries with stable political and economic environments. These countries typically have strong institutions, low levels of corruption, and a well-developed legal system. In short, they are countries that inspire confidence in investors.

2. Low Inflation: Safe-haven currencies also tend to have low inflation rates, which means that the purchasing power of the currency is relatively stable over time. This makes them attractive to investors who are looking for a store of value that will hold its worth over the long term.

3. Liquidity: Safe-haven currencies are highly liquid, which means that they can be easily bought and sold in the global foreign exchange market. This makes them attractive to investors who want to quickly move their assets in and out of different currencies.

4. Diversification: Safe-haven currencies also offer investors a way to diversify their portfolios. By holding a mix of different currencies, investors can spread their risk and protect themselves against market volatility.

The Singapore dollar ticks all these boxes, which is why it is considered a safe-haven currency. 

Singapore is a politically stable country with a strong economy and low levels of corruption. 
The country also has a well-established legal system and is known for its commitment to the rule of law. In addition, the Singapore dollar has a low inflation rate, which means that it has maintained its purchasing power over time. 
Finally, the SGD is highly liquid, which means that it can be easily bought and sold in the global foreign exchange market.

All of these factors have contributed to the Singapore dollars reputation as a safe-haven currency. 

During times of economic uncertainty, investors often flock to the SGD as a way of protecting their wealth. For example, during the 2008 financial crisis, the SGD was one of the few currencies that remained stable against the US dollar. 

This made it an attractive option for investors who were looking to hedge their bets against the turmoil in the global financial markets.

Note;

SGD movement has nothing to do with MYR. 
Eventhough many people, especially the Malaysian is comparing with it.

MYR great fall is mainly due to the USD fluctuation. The king of all currencies.

when Ringgit went close to 2.0 vs SGD............i knew they're trying to follow Hong Kong..........

JHK got the best of both worlds. SG welcome them here to work then they go back continue to vote for their F up gov so that can ensure S$1:MY$3.5. Then they go back home to spent MY$ and enjoy their no gov life there, driving big cars and stay landed.

Sinkies?! Suck it up! We can laugh at the JHK but they will be the winner in the end