BBCWatcher
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The British pound is hitting new multi-decade lows against other major currencies in currency trading today. Aside from the anomalous "flash crash" on October 7, 2016, that lasted just for a few minutes, as I write this the pound is at its lowest level against the U.S. dollar since 1985.
The only thing I'd suggest in reaction to this movement is to consider some British pound denominated spending if you're already planning that spending. As one example, Bupa Global sells my favorite annual travel medical insurance policy online, their "Medical" plan -- and it is available in British pounds. Here are their current premiums for a hypothetical 35 year old resident of Singapore for one year of coverage starting on October 1, 2019:
U.S. dollars: 165
Euro: 140 (~US$153.67)
Swiss francs: 168 (~US$169.61)
British pounds: 93 (~US$112.54)
The U.S. dollar conversions are spot current estimates. As you can see, the British pound price is by far the best.
As another example, Amazon.co.uk can ship many items to Singapore, so if there's something you genuinely need that Amazon sells, take a look at what they're offering.
When you spend Singapore dollars using a credit card, be sure to use a low cost credit card and let the card network handle the currency conversion -- not Amazon or any other merchant (no "Dynamic Currency Conversion"). The ICBC Global Travel Mastercard is one good choice for overseas shopping.
The only thing I'd suggest in reaction to this movement is to consider some British pound denominated spending if you're already planning that spending. As one example, Bupa Global sells my favorite annual travel medical insurance policy online, their "Medical" plan -- and it is available in British pounds. Here are their current premiums for a hypothetical 35 year old resident of Singapore for one year of coverage starting on October 1, 2019:
U.S. dollars: 165
Euro: 140 (~US$153.67)
Swiss francs: 168 (~US$169.61)
British pounds: 93 (~US$112.54)
The U.S. dollar conversions are spot current estimates. As you can see, the British pound price is by far the best.
As another example, Amazon.co.uk can ship many items to Singapore, so if there's something you genuinely need that Amazon sells, take a look at what they're offering.
When you spend Singapore dollars using a credit card, be sure to use a low cost credit card and let the card network handle the currency conversion -- not Amazon or any other merchant (no "Dynamic Currency Conversion"). The ICBC Global Travel Mastercard is one good choice for overseas shopping.