27 May 2017

Did Singapore dollar outperform Ringgit over a ten year period 2007 to 2017 ?



The above scenario is based on a FD of 1.2% kept in a Singapore bank versus a FD of equivalent amount  
converted to MYR in 2007 at 1 SGD=2.29 MYR. 
No withdrawals are done and after ten years, the compounding effect of the MYR at 4.5%
outperform the SGD.


   

                          SGD                            MYR
2007 100000 229000
2008 101200 239305
2009 102414.4 250073.725
2010 103643.3728 261327.0426
2011 104887.0933 273086.7595
2012 106145.7384 285375.6637
2013 107419.4873 298217.5686
2014 108708.5211 311637.3592
2015 110013.0234 325661.0403
2016 111333.1796 340315.7872
2017 112669.1778 355629.9976
If we convert MYR back to SGD, using the current exchange rate of 3.1
SGD 112669.1778 x 3.1 = MYR 349274.45

This is just a simplistic comparison as FD rates of both countries fluctuated over the past ten years too.

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