Sep 12, 2013

Cory Diary : USD Currency Exposure

Roughly over 20% depreciation for the past 10 years. If compounded likely be around -2.5% annually.

The recent tapering talk may pull up the dollar a little. However USD has been on a long and gradual slippery slope against SGD even in good times as the weakening happens even before 2008 financial crisis.

I will need to be aware the additional returns needed to make-up the differences !

12th Sept'13

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