12/03/2014
Currency exchange $1 to $3
Half a century ago the exchange rate for S$ to US$ was $3 to US$1. Today it is S$1.30 to US$1. Not bad huh. The same period half a century ago, S$ to ringgit was 1:1. Today, there is a long queue at the money changer to buy ringgits using S$. The rate is S$1 to Ringgit2.625.
When the rate was S$1 to Ringgit 2.5, it was like a windfall for Singaporeans visiting Malaysia. With today’s rate, the Malaysians working here are getting a pay rise when they convert to Ringgits without have to do anything.
Oil is the only godsend asset that Malaysia can boot about, and can sneer at the non Malays for depending on gambling and prostitution to make a living. Don’t even have to work, just get machine to pump from the ground or under the sea. See how blessed they are, Malaysia is getting money just like that. Now with the falling oil prices, and expecting to go lower, an exchange rate of 1:3 is quite possible in the foreseeable future.
The only lucky draw for the non Malays is the good fortune of those working in Singapore. Don’t have to depend on oil, prostitution and gambling. Just hope that the oil price keeps falling and the exchange rate be in their favour, they can also get richer without having to work that much harder.
Singaporeans are now buying Ringgits. Some will be rushing to buy properties in Malaysia too. For the latter, good luck to them. They need a lot of good luck to protect their investments which they think are gotten at a steal.
Kopi Level - Green
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24 comments:
3 monkey men for 1 Conchita Wurst is a bargain.
I like belly muck.
YES! They don’t have to work,
just get machine to pump from the
ground or under the sea, getting
money just like that.
But do not forget...............
today is COE COE COE bidding day,
closed at 4pm, expected to be
around S$60,000.00 to S$75,000.00
a piece of COE for cars.
Cheers.
"The only lucky draw for the non Malays is the good fortune of those working in Singapore."
RB
Not that many now lah, as compared to last time. Last time almost 100% foreigners are those non Malays from Matland. Because now these non Malays, especially the more talented ones, prefer Western countries mah.
Or else ah, PAP would not have taken in so many best available PRCs, Ah Nehs, Pinoys, Myanmars etc now.
And I say best available, not best hor. Best ones, like those Matland non Malays, also prefer Western countries, u know.
Come 2030, if PAP is still the
ruling party, do you think it
will be:
S$1 : US$1
What think U?
S$1 : US$1 ???
That really depends whether PAP want it or not lah. If they want, even now also can. It's entirely within their control, u know.
PAP just need to make 60% happy, and PAP can do what they want.
Tio bo, u say lah?
Bo Tio! Bah Bo ho ho.
Actually hor pump oil still carry a lot of risk and work to realize the $. coe is even better than oil. Just a piece of paper u can get 70,000 liao. The poor car manufacturer work like shit may be get 15 k, the govt with parf, import duties and coe get 10 times more without doing anything or left a finger to build a car. Tio bo?
Aren't Temasek holdings' buses and taxis run on petrol & diesel? their bus cos must be laughing all the way to the banks.. still got the cheeks to DEMAND higher fares some more from us. Really 没有天理!!
Temasek Holdings is not serving the interest of Spore citizens in this respect.
Who cares about currency appreciation and COE and high cost of living?
Spent your time wisely and analyse what number will be 1st prize for todays 4D and tomorrow toto.
Every week has at least 5 chances of striking lottery and becoming millionaires.
What is 1 dollar to 2.27 ringgit.
Don't be lazy.Analyse well and be rich.Don't waste time on currency appreciation.
1 sing dollar can turn into 1 million dollar instantly.
Would the CEO of Temasek Hldgs share her opinions with fellow Sporeans regarding the need for higher fares in view of plunging oil prices which is unprecedented?
afterall the TH chairman is only a figurehead with no really power rite?
Pls lah....many monarchs will sell that they are just figureheads but they are, in reality, the ones directing all the plays.
All politicians mission is to make use of the people to gain power and then serve the big corporations and themselves. They are never there to improve the people living. The people have to do it by themselves.
Sin PAP don't need oil wells.
Just issue paper certs for moving vehicles without even manufacturing plants.
COLLECT BILLIONS OF Dollars.
Many cars reaching ten year circle this end/ beginning year.
Either scrap value or pay 30 to 40 k renewal for next five years.
Bro, still not calculating customs duties, what PARF, OMV, registration fees and what nots.
After that ERP, road taxes etc.
No good times forever.
Big recession/ depression, 1 Sin dollars to RM0.50 cts.
At least they still have the oils.
With the not-bright people ruling matland using race and religion as political cards to cover their corruption and incompetency, S$1 to RM3 is a possibility in the near future.
Lucky I withdraw all my ringgit at 2.17 many years back. Oil will dry up from well but coe is forever so u tell me lar which one better
You mean rucky you withdraw all you linggit.
8.23 u are collect knn
U c...... knnccb lee hsien loong so smart
Pop up sgd high high... all the chee bye pariah foreign talents rush here for the favorable x change.
Ccb hsien loong talents must be from my advise to suck ho ching lanchao cheese pie juice
Matilar got competition.
SGD very strong. I like very much. Aust dollar is becoming the new rupiah. Excellent, especially when you have SGDs!
Now Aust looking very cheap. Fuck the ringgit lah. I'm buying Aussie stuff...soon. Methinks recession is not far off. Aussie recession is often brutal, because Aussies like to over spend and over borrow, so when price drops, it falls to the floor.
Now aussie dollar falling, you will see more Chinese money coming in to buy more and more stuff. Are Chinese buying lots not stuff in Malaysia? Probably not as much as they are in Aussie land.
Wonder why? IMO Malaysia is full of racial politics. Aussie land is full of fat lazy financially illiterate people who have excellent shit to buy in their Lucky Cuntree.
Got waltzing Matilda?
It is always easy to sell something that do not belong to you in the first place. Oz and Matland are both lands robbed from the abo.
The Australian aboriginal is a conquered race. Back in the past that was quite "ok" and even considered "moral" to conquer "godless" and "backward" peoples. At the time, it was considered RIGHT.
It is illogical to compare the past with the present on moral or ethical grounds. These are social norms, and norms change with time.
You need to revisit your history sources and look at the data with a more critical eye.
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