Hold off pound and euro - ST, May 12

Hold off pound and euro
By Gabriel Chen

THE euro and pound are on the slide, and it looks like a perfect opportunity for investors to try their hand at a forex play, but experts are advising caution.

While both currencies have been driven down by events in Europe, they could still go lower against the Singdollar and other Asian currencies such as the Indonesian rupiah, Indian rupee and Chinese yuan.

Click here for the full story in the Straits Times on May 12.

Currency exchange rate outlook

dailyfx.com

This site gives weekly and monthly outlooks for various currencies on the foreign exchange market. These include the US dollar, Japanese Yen, British pound, Swiss Franc, Canadian dollar, Australian dollar, New Zealand dollar. Do note the disclaimer & risk warning on the site.

Wikipedia

The open source encyclopedia gives a lot of information about the forex market.

Historical & current exchange rates

If you are considering placing a foreign currency fixed deposit, you might not want to buy the currency when it is high. You can consider buying the currency, for example, when it is well below a recent peak. When was it at its peak? Here are two sites where you can find out.

Site#1: http://www.xe.com/

Google description: "Free currency rates, tools, and analysis using the most accurate data. Other services include XE Trade money transfers, XE Datafeed, XE Travel, and more!"


Site #2: Yahoo! Finance

Historical rates also available. For example:
AUD in SGD for the past 3 months
AUD in SGD for the past 2 years
USD in SGD for the past 1 year
NZD in SGD for the past 1 year