SG Compare

AUDPD

2012-02-10T10:26:00.001+08:00

The pound Australian dollar exchange rate is 0.07% higher with GBP/AUD at 1.4664, the pound New Zealand dollar exchange rate is 0.03% lower with GBP/NZD at 1.8936.

A surprisingly high Chinese inflation figure failed to weigh on the Australian dollar, which remains firm.

"High Chinese inflation (back up at 4.5%) reduces the scope for monetary easing and therefore weighs on the country’s growth outlook and demand for Australian commodities. Still, the aussie dollar marched on, with the market convinced that the spike in inflation will prove temporary, says a morning exchange rate note from the team at Caxton Fx.

AUD

2012-02-09T10:34:00.001+08:00

Despite a small bounce yesterday afternoon, when the AUD recorded a move close to USD1.0850, the AUD has failed to find any further support to break higher. Key resistance is just below the USD1.0900 level, and we'd need to see a break of this level to open the way for a move back towards USD1.1000.

The Reserve Bank's decision to leave official interest rates unchanged earlier this week has clearly increased the relative attractiveness of the AUD, particularly given the low levels of official interest rates throughout the rest of the developed world.

If the AUD continues to rally, and if we were to sustain levels above USD1.1000, the RBA may come under increasing pressure to cut interest rates to try and relieve some of the pressure on Australian exporters, as well as local businesses in manufacturing, tourism and retail who, on a combined basis, employ over two million workers.

Rates

2012-02-09T10:33:00.001+08:00

Australian Dollar	1	1.3558	1.3339	1.3279	1.3550	1.3347	1.3296
Canadian Dollar	1	1.2639	1.2398	1.2338	1.2627	1.2410	1.2359
New Zealand Dollar	1	1.0502	1.0292	1.0232	1.0490	1.0304	1.0253

AUD

2012-02-08T09:30:00.001+08:00

Australian Dollar

1.3566

1.3347

1.3287

Forex Update

2012-02-07T09:14:00.001+08:00

Australian Dollar

1.3493

1.3275

1.3215

Update Forex

2012-02-06T13:54:00.001+08:00

Australian Dollar

1.3484

1.3266

Update Forex

2012-02-04T23:14:00.002+08:00

DBS

1.3489

1.3271

Today rate

2012-02-01T13:53:00.001+08:00

DBS 1.3467 1.3249

Update on Forex Rate

2012-01-28T07:16:00.002+08:00

New rate on 27 Jan 2012

Bank Selling Buying
DBS 1.3483 1.3265

Forex Spread in Singapore Banks

2012-01-19T17:28:00.001+08:00

Each bank has a internal pricing system on the spot and spread of foreign currency. Let us examine the difference between this rate from the different banks.

Spot rate for AUD on 19 Jan 2012

Bank Selling Buying Spread
DBS 1.3421 1.3202 0.0219
UOB 1.3419 1.3139 0.028
OCBC 1.3513 1.3156 0.0357

From this, we see that DBS offer the lowest spread among the local banks, so those interested in Foreign Currency Fix Deposit can consider opening an account with DBS to take advantage of the spread.

Which bank offer the most value for money for their credit card points?

2012-01-07T23:16:00.000+08:00

Different banks offer different exchange rate for vouchers. Here, we will attempt to compare the amount a customer will need to spend to exchange for $1 worth of similar voucher. Do take note that this is calculated based on a normal credit card by the banks, and does not take into account those cards that offer accelerated points.

To start off, we will compare the common vouchers that can be redeemed across all the major banks.
More will be added upon request.

Best Denki

2400 dbs points = $50 voucher => Need to spend $240 to redeem $1 voucher
3250 uni points = $50 viucher =>Need to spend $325 to redeem $1 voucher
6000 ocbc points = $30 voucher => Need to spend $200 to redeem $1 voucher
10600 scb points = $50 voucher => Need to spend $212 to redeem $1 voucher
15000 citi dollars = $50 voucher => Need to spend $300 to redeem $1 voucher

Which is the best credit card for air miles in Singapore?

2011-12-21T18:03:00.000+08:00

Each bank has their own credit card that aims to attract frequent flyers. These are highly sought after clients as they have a tendency to spend more both locally and overseas. Here is a comparison on some of the credit cards offering from various banks for attracting this group. Comments are welcome and i will gladly add in more cards for comparison upon request.

DBS Altitude Amex Card
This card provides rewards as DBS points that can be exchange for both air miles and other gifts that are available through the DBS rewards website.

Spending

First $1000 of spending per month, $5 = 3 DBS points
For all spending above $1000 per month, $5 = 4 DBS points
The points will never expire.

Air Miles Rewards

2000 DBS = 4000 KrisFlyer miles
2000 DBS points = 4000 Asia Miles

Effectively,
For the first $1000 per month, $1 = 1.2 air miles
For spending excess of $1000 per month, $1 = 1.6 air miles

To convert, you will need to

Enroll in DBS Frequent Flyer Programme for $42.80 per year. This allows you to convert unlimited times within the enrollment period.
Exchange in blocks of 2000 DBS points.

Other Rewards

The DBS points can be used to redeem for other gifts in the DBS rewards catalog.

Citi PremierMiles Club Visa
This card awards CitiMiles and can only be used to exchange to air miles or travel related expenses.

Spending

$1 = 1.2 Citi Miles
Bonus of 10000 Citi Miles if spending is more than $50,000 per year.

Air Miles rewards

1 Citi Miles = 1 Air mile (KrisFlyer, SkyMiles, Royal Orchid Plus)
1 Citi Miles = 0.4 Asia Miles

To convert, you will need to

Pay $25 for each redemption

Other Rewards

1000 Citi Miles = $10 rebate on travel expenses

To convert, you will need to

Redeem minimum of 5000 Citi Miles
Subsequent increment of blocks of 1000 Citi miles

KrisFlyer Amex Gold
This card can only exchange points as KrisFlyer points.

Key Feature

50% + 50% KrisFlyer bonus miles programme from 1 Jan 2011 to 31 Dec 2011
Double KrisFlyer miles for ticket purchased from singaporeair.com
Activation bonus of 5000 KrisFlyer miles

Spending

$1 = 0.625 KrisFlyer Miles
Spending above $5000, $1 = 0.937 KrisFlyer Miles
Spending above $12000, $1 = 1.25 KrisFlyer Miles

Air Miles Reward
No conversion is required as KrisFlyer Miles is earned directly

Other Rewards
No other rewards as the card can only earn KrisFlyer Miles

Promotion at Carrefour

2011-12-21T16:57:00.000+08:00

Carrefour is having 10% discount from 22-24 dec!

Check it out
http://www.facebook.com/photo.php?fbid=206569509427342&set=a.138978122853148.35851.129357317148562&type=1&theater

Let's Compare!

2011-12-02T14:21:00.001+08:00

This blog helps to compare stuff that people use on a everyday basis. Hopefully people will find it useful