3 ms·
Why AUD and not SGD? I guess AUD has higher GDP (but much lower GDP per capita and worse forex rate to the us dollar)
by itake 9mo ago
Why AUD and not SGD?
I guess AUD has higher GDP (but much lower GDP per capita and worse forex rate to the us dollar)
- traceroute66 9mo ago> Why AUD and not SGD? Fair question. And in some circles people would substitute AUD for CHF, and SGD is essentially in the same position as CHF (small, stable, well-connected country). But AUD mostly because Australia is commodity-rich and so AUD has a naturally high exposure to international trade especially in Asia-Pacific region. Its a bit like CAD but the problem with CAD is its neighbour. ;)