Arbitrage

The US dollar is pretty cheap at the moment, right? Try this on for size.

Let’s say you want to buy this camera lens. If you rocked down to Cathay Photo and said “one Enormous Lens please”, you’d pay somewhere around $7,500 SGD.

It’s cheaper to fly to San Francisco, book a hotel for 3 nights ($1710 SGD for flights and hotel for one person), and buy the lens over there ($3800 USD = $5500 SGD) than it is to buy it in Singapore.

In other news, I’m thinking of going over to San Francisco for a few days.

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