Iggy’s Journal: A Weaker Euro, a Stronger Singdollar: Who Gains and Who Loses When a Currency Moves?

The Investing Iguana

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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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.</p>\n<p></p>\n<p>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.</p>\n<p></p>\n<p>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.</p>\n<p></p>\n<p>My Personal Take</p>\n<p></p>\n<p>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.</p>\n<p></p>\n<p>📺 YouTube: https://youtu.be/ANAXihr7N_8</p>\n<p></p>\n<p>Cheers, Iggy 🦖</p>\n<p></p>\n<p>Not financial advice. Iggy’s Forensic Compliance Standards apply.</p>\n<p>Sources: OFX EUR/SGD rate page</p></body></html>","htmlText":"<html><head></head><body><p></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/da6e44e9856e5dc84f5e48b17b9c1e4b\" tg-width=\"1536\" tg-height=\"2752\"></p>\n<p><strong>Iggy’s Journal: A Weaker Euro, a Stronger Singdollar: Who Gains and Who Loses When a Currency Moves?</strong></p>\n<p></p>\n<p>Saturday 24 Oct 2026 | Midday</p>\n<p></p>\n<p>The Numbers</p>\n<p></p>\n<p>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.</p>\n<p></p>\n<p>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.</p>\n<p></p>\n<p>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.</p>\n<p></p>\n<p>My Personal Take</p>\n<p></p>\n<p>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.</p>\n<p></p>\n<p>📺 YouTube: https://youtu.be/ANAXihr7N_8</p>\n<p></p>\n<p>Cheers, Iggy 🦖</p>\n<p></p>\n<p>Not financial advice. Iggy’s Forensic Compliance Standards apply.</p>\n<p>Sources: OFX EUR/SGD rate page</p></body></html>","text":"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","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/621747504407120","repostId":0,"isVote":1,"tweetType":1,"viewCount":255,"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":1076,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/621747504407120"}