Why I Don’t Save In My Home Currency
Guess what I realised after comparing my savings in TWD, MYR & SGD? The money I saved might have lost its value…
I grew up across all three countries, but when it comes to money, I only trust one currency — the Singapore Dollar 💵
Here’s why:
• SGD has been rising against USD for years (some analysts even see parity one day)
• TWD has been depreciating
• Ringgit has stayed weak for decades
So even if I’m not sure how long I’ll stay in Singapore, I still choose to keep my savings in SGD
SGD is known for:
✨ Asia’s safe haven currency
✨ Strong against USD
✨ Protecting value no matter where you go
Now imagine this 💭 you return to your home country, and every month SGD still lands in your account.
That’s like carrying a piece of Singapore’s strength with you.
Not all currencies are equal.
Would you save in SGD, or keep your money in your home currency 💸 Which currency do you trust most right now? Share your thoughts below! I’d love to hear different perspectives.
When deciding which currency to save in, it’s important to look beyond just familiarity and consider the long-term value preservation. From my experience tracking the Singapore Dollar against other regional currencies like the Taiwan Dollar and Malaysian Ringgit, I’ve discovered that SGD not only consistently gains strength but also acts as a safe haven during uncertain market conditions. This means that even if you relocate, your savings remain solid and less vulnerable to losing purchasing power. For instance, the SGD has gained about 5.8% against the USD this year alone, and analysts predict even the possibility of it reaching parity with the US dollar in the future. On the other hand, currencies like TWD have been depreciating due to trade uncertainties and weaker economic outlooks, while the Ringgit has remained weak for decades without strong signs of improvement. Choosing SGD for your savings is like holding onto a currency backed by a stable, well-managed economy with rising global confidence. If you receive income or savings in SGD while living in another country, you effectively carry the strength of Singapore’s economy with you. Personally, this approach has given me peace of mind knowing my money won’t erode quickly in value, no matter where life takes me. It’s worth considering your options seriously and keeping your savings in a currency recognized as a regional safe haven to secure your financial future.
