In recent months, currencies were adjusting to a new normal. I have interest in three currencies, namely US dollar (USD), Chinese Yuan (CNY) and Australian dollar (AUD).
The table shows the currency rates of these currencies vis-à-vis Singapore dollar (SGD) on three dates (1.1.2014, 13.11.2014 and 13.3.2015). CNY/SGD figure shows how much one unit of CNY is worth in SGD, and so as the other currency pairs.
|Currency cross rates|
|1 Jan 2014||0.2089||1.1125||1.2620|
|13 Nov 2014||0.2116||1.29%||1.1140||0.13%||1.2910||2.30%|
|13 Mar 2015||0.2220||4.91%||1.0630||-4.58%||1.3920||7.82%|
Between 1 January 2014 and 13 November 2014, CNY strengthened by 1.29% against Singapore dollar. Between 13 November 2014 and 13 March 2015, it strengthened even more by 4.91%
As for Australian dollar, it weakened against Singapore dollar, by 4.58% during the last four months.
The US dollar was really strong against most global currencies. It shot up 7.82% durng the last four months against Singapore dollar.
For investments denominated in CNY and USD, investors gained on currency movements. But, investors in AUD investments suffered due to the weakness of the Australian dollar.
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