USD, the Global Currency offers discount now

We are now back to the 1st Quarter of 2019 where USD is at the level of SGD 1.345 to USD 1.
That to us, is a plus especially for those who purchase things from Amazon, paying for services bill in USD or even saving for the US university fees for children.

The lower the price falls, the cheaper to us, Singaporeans or those who stay in SG for that matters get to exchange for US dollars. Basically, we need lesser Sing dollar to exchange for US dollar. Or you can say US dollar has weakened against Sing Dollar.

And there are those who are keen to acquire properties in USA, so the SGD strength will also help to provide some savings in exchange rates as well. The benefits are aplenty.

The last 2 candles are quite strong , a sign of bullishness and possible trend reversal at the support of 1.345 based on historical price patterns.

So, take advantage of it and plan your purchases in advance before it breaks up.