Well, it is time to pack for the Japan trip in February.
Early you say? Not for the missus.
Anyway, one of the “benefits” of traveling Japan in the past few years had been the favourable exchange rate of the Singapore dollar to that of the Yen. However this has changed in the recent months with the turmoil in the stock markets leading to a stampede of capital flows. The Yen is rising against the Sing dollar!
Screen grab from Yahoo Finance portal. The value on the graph reflects how much Yen that a Singapore dollar can buy. Its dropping!
In just a matter of a week, the change in currency exchange rates has added ~S$185 to the cost of our travel arrangements in Japan. Certainly hope this will not continue!