British Pound

As a result of 'Brexit', the British pound has been depreciating, to a level not seen historically. Now, the British pound is trading at less than SGD$2. (S$1.96 to 1 pound).

I am reluctant to hold the pound as it was historically trading on a downward trend. It used to be SGD$3 to 1 pound and had been sliding since. However, it is attractive enough that I exchange for some. I may use it in the future for travelling purposes.

A brand new Porsche 911 Carrera black edition in UK cost around 75000 pound (including VAT) which is equivalent to SGD$147,000. Yummy.

The cheapest new Porsche 911 in Singapore is more than SGD$500,000.