Iggy's Journal: The Currency That Didn't Get the Oil Shock Memo

The Investing Iguana

Iggy's Journal: The Currency That Didn't Get the Oil Shock Memo

19 September 2026, Afternoon

Podcast Release

Everyone assumes US$100 oil and a 5 percent US 10 year yield should hammer every regional currency equally. The Singdollar just hit a 10 month high against the ringgit instead.

The Numbers

Singapore isn't reacting like a typical emerging market to this shock. Durable balance of payments surpluses, strong FDI inflows, and MAS's own July tightening are pulling in safe haven money while neighbouring currencies absorb the pain the oil shock is supposed to spread evenly.

My Personal Take

This cuts both ways depending on what's actually sitting in your portfolio, and I think most people haven't checked which side they're on. A stronger Singdollar means cheaper imports and helps any REIT carrying foreign currency debt. It also eats into returns for exporters earning a big share of revenue overseas, once that money converts back home. Worth actually looking at your own holdings instead of assuming the currency move is automatically good news. Full breakdown of the balance of payments story in today's episode.

📺 YouTube: https://youtu.be/cHd3hmYvNP0

📩 Substack: https://investingiguana.com/p/singdollar-hits-a-10-month-high-against

Not financial advice. Iggy's Forensic Compliance Standards apply.

Cheers, Iggy 🦖

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The Singdollar just hit a 10 month high against the ringgit instead.</p>\n<p>The Numbers</p>\n<p>Singapore isn't reacting like a typical emerging market to this shock. Durable balance of payments surpluses, strong FDI inflows, and MAS's own July tightening are pulling in safe haven money while neighbouring currencies absorb the pain the oil shock is supposed to spread evenly.</p>\n<p></p>\n<p>My Personal Take</p>\n<p>This cuts both ways depending on what's actually sitting in your portfolio, and I think most people haven't checked which side they're on. A stronger Singdollar means cheaper imports and helps any REIT carrying foreign currency debt. It also eats into returns for exporters earning a big share of revenue overseas, once that money converts back home. Worth actually looking at your own holdings instead of assuming the currency move is automatically good news. Full breakdown of the balance of payments story in today's episode.</p>\n<p>📺 YouTube: https://youtu.be/cHd3hmYvNP0</p>\n<p>📩 Substack: https://investingiguana.com/p/singdollar-hits-a-10-month-high-against</p>\n<p></p>\n<p>Not financial advice. Iggy's Forensic Compliance Standards apply.</p>\n<p>Cheers, Iggy 🦖</p></body></html>","htmlText":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2de1fda5fd2ab5c76f9f6525eed57dce\" tg-width=\"896\" tg-height=\"1200\"></p>\n<p><strong>Iggy's Journal: The Currency That Didn't Get the Oil Shock Memo</strong></p>\n<p>19 September 2026, Afternoon</p>\n<p>Podcast Release</p>\n<p></p>\n<p>Everyone assumes US$100 oil and a 5 percent US 10 year yield should hammer every regional currency equally. The Singdollar just hit a 10 month high against the ringgit instead.</p>\n<p>The Numbers</p>\n<p>Singapore isn't reacting like a typical emerging market to this shock. Durable balance of payments surpluses, strong FDI inflows, and MAS's own July tightening are pulling in safe haven money while neighbouring currencies absorb the pain the oil shock is supposed to spread evenly.</p>\n<p></p>\n<p>My Personal Take</p>\n<p>This cuts both ways depending on what's actually sitting in your portfolio, and I think most people haven't checked which side they're on. A stronger Singdollar means cheaper imports and helps any REIT carrying foreign currency debt. It also eats into returns for exporters earning a big share of revenue overseas, once that money converts back home. Worth actually looking at your own holdings instead of assuming the currency move is automatically good news. Full breakdown of the balance of payments story in today's episode.</p>\n<p>📺 YouTube: https://youtu.be/cHd3hmYvNP0</p>\n<p>📩 Substack: https://investingiguana.com/p/singdollar-hits-a-10-month-high-against</p>\n<p></p>\n<p>Not financial advice. Iggy's Forensic Compliance Standards apply.</p>\n<p>Cheers, Iggy 🦖</p></body></html>","text":"Iggy's Journal: The Currency That Didn't Get the Oil Shock Memo 19 September 2026, Afternoon Podcast Release Everyone assumes US$100 oil and a 5 percent US 10 year yield should hammer every regional currency equally. The Singdollar just hit a 10 month high against the ringgit instead. The Numbers Singapore isn't reacting like a typical emerging market to this shock. Durable balance of payments surpluses, strong FDI inflows, and MAS's own July tightening are pulling in safe haven money while neighbouring currencies absorb the pain the oil shock is supposed to spread evenly. My Personal Take This cuts both ways depending on what's actually sitting in your portfolio, and I think most people haven't checked which side they're on. A stronger Singdollar means cheaper imports and helps any REIT carrying foreign currency debt. It also eats into returns for exporters earning a big share of revenue overseas, once that money converts back home. Worth actually looking at your own holdings instead of assuming the currency move is automatically good news. Full breakdown of the balance of payments story in today's episode. 📺 YouTube: https://youtu.be/cHd3hmYvNP0 📩 Substack: https://investingiguana.com/p/singdollar-hits-a-10-month-high-against Not financial advice. Iggy's Forensic Compliance Standards apply. Cheers, Iggy 🦖","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/609384763323432","repostId":0,"isVote":1,"tweetType":1,"viewCount":162,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1134,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/609384763323432"}