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The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
Foreign transfers to buy overseas property are typically for large amounts, so it's important to be aware that any currency movements of just a few percent can have a large cost to you when you come to settle.
Xiong Xiao, a PhD candidate currently studying and teaching at the University of Western Australia is awarded BestExchangeRate.com's first scholarship for foreign students in Australia.
We take a look at five tips that can help you avoid common mistakes and save money on overseas property purchases.
Comparing exchange rates can be an important for expats when repatriating overseas funds & earnings.