Iggy’s Journal: A Weaker Euro, a Stronger Singdollar: Who Gains and Who Loses When a Currency Moves?
Iggy’s Journal: A Weaker Euro, a Stronger Singdollar: Who Gains and Who Loses When a Currency Moves?
Saturday 24 Oct 2026 | Midday
The Numbers
One euro bought S$1.4334 on 22 October, according to OFX’s interbank rate. That is down from S$1.4656 on 30 September and S$1.5057 at the end of last November, a fall of about 2.2% since September and about 4.8% over the year.
An illustration from the episode: at S$1.43 per euro, a €10,000 holding is worth S$14,300, down from S$15,000 at S$1.50 per euro. If those European shares rise 3% to €10,300, the holding is about S$14,730, still below the starting S$15,000.
On a trip, €3,000 of flights, hotels and meals comes to about S$4,300 at S$1.4334 against about S$4,517 at S$1.5057, roughly S$217 less (my calculation). The OFX figure is an interbank rate, not the rate a money changer or card will give.
My Personal Take
A weaker euro is a discount on the holiday and a deduction in the fund, and it is the same exchange rate in both. The first shows up as a lower bill. The second shows up as a smaller number on a statement, with no bill to point at. A holiday is bought once. A holding keeps running.
📺 YouTube: https://youtu.be/ANAXihr7N_8
Cheers, Iggy 🦖
Not financial advice. Iggy’s Forensic Compliance Standards apply.
Sources: OFX EUR/SGD rate page
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