Stronger SGD

Singapore dollar has been stronger vs. US dollar and RMB since Sept. Today S$1 exchanges 5.1356 Yuan, which is the highest in the past 5 years and 3.7% rise since Sept. It must be due to the weakening US dollar: U$1 exchanges S$1.46, which reflects as much as 20% weakened against SGD in the past 5 yrs (it was nearly 1.8 then).

With RMB interest rate at 3.87% (1-yr) and SGD interest rate remains low at merely 0.8%, it may be wise buying in RMB...