The observation (see previous post) that most currencies have ended up pretty much where they were twelve months ago, despite the wild gyrations in the interim, also holds for JPY and SGD, per the charts showing them against a basket of major currencies from 1990 to date (click to enlarge):
Muh, Far Right
2 hours ago
5 comments:
Yes but extrapolate those charts into next year on the curves as you see them and the result is different to optimistic.
JH, I look at these charts and it appears to me that all currencies move in a range between 0.8 to 1.2. Some like EUR or SGD move in a narrower band from 0.9 to 1.1, and JPY sometimes spikes closer to 1.3. I wouldn't try extrapolating much more than that, to be honest.
All currencies except the £ and the $ you're getting at?
I moved the least risky part of my savings into the Ruffer Total Return fund back in June and have been topping up monthly.
It's heavy in Norweigan government bonds, and for a cautious fund it's absolutely kicked arse throughout the financial crisis.
SL, USD and GBP also go in a range from 0.8 to 1.2. They're nearer 0.8 at the moment, of course.
As to your investments, why not just buy Norwegian bonds and cut out the middleman?
Firstly, my cfd account doesn't offer me them (although I can get T-bonds and UK gilt futures now).
Secondly, I don't have the luxury of spending all day watching the markets and having access to a team of researchers.
So I've put it in the hands of the professionals. 50/50 the Ruffer total return and the new Odey Absolute Return. I'm confident with both fund managers and so far they've trounced what the banks are offering.
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