The Singapore dollar advanced today as the government surprised traders, saying that it will allow the currency to gain. The currency also gained on the general risk-positive sentiment of Forex traders.
Singapore Dollar SGD
Detailed information and fundamental factors
Central Bank: Monetary Authority of Singapore
Interest Rate: 0.18%
Public Debt to GDP Ratio, 2011: 118.2%
Trade Balance, 2010: $48 bln.
Inflation, 2011: 5.2%
Supporting Factors
Fast-growing strong economy
Factors of Weakness
Low-yielding interest rates
weak
Fiscal irresponsibility
medium
The Singapore dollar is the official currency of Singapore. It was adopted when the monetary union between Malaysia, Singapore and Brunei broke down. The Singapore currency was trading at par with the Malaysian ringgit until 1973 and is still interchangeable with the Brunei dollar. The currency was allowed to float in a fixed range since 1985.
Singapore Dollar News Archive
China’s Growth Boosts Singapore Dollar
October 21st, 2010 at 13:52
Singapore Dollar
The Singapore dollar rose today on the speculation that the accelerating China’s economic growth would attract the investors to Asia, increasing the appeal of the region’s currencies.
Singapore Dollar Was Revaluated
April 14th, 2010 at 12:00
Singapore Dollar
The Singapore dollar experienced the unexpected surge as the government revaluated the currency after the forecast about the widening economy and the increasing inflation.
Singapore’s Dollar Gains on Asian and Domestic Economic Data
February 27th, 2010 at 6:37
Singapore Dollar
The Singapore dollar had one of the best weekly performances since the beginning of the year as optimism towards the domestic and regional economies improved, allowing the Singaporean currency to gain towards the weekend.
SGD Up as Traders not Sure in Policy Change
The Singapore dollar gained against the U.S. dollar for the second day today as the traders reduced their bets that the monetary authorities are going to use the currency depreciation to stimulate the economy.
Singapore Choose to Depreciate Its Currency
November 18th, 2008 at 10:28
Singapore Dollar
Singapore dollar declined for the sixth day against they U.S. dollar today as the country’s monetary authorities will probably use the weak national currency as a stimulus for the export-producing economy.
Asian Currencies Fell on High Oil Costs
May 17th, 2008 at 11:03
Singapore Dollar , Indian Rupee, Malaysian Ringgit
The Asian currencies fell this week as the oil prices surged and the rising inflation concerns forced foreign investors to cut the inflow of liquidity into this region.
Singapore Dollar Drops Large This Week
April 26th, 2008 at 10:23
Singapore Dollar
The Singapore currency had its worst week in a year on the Forex market, as it lost along with the other Asian currencies to the U.S. dollar, because the investors began to expect that the U.S. interest rate will unchanged rather than lowered next time.
Singapore Dollar Rises Before Fed Cut
January 29th, 2008 at 10:53
Singapore Dollar
The Singapore dollar rose today during the Asian Forex trading session as the market analysts expected the Federal Reserve of U.S. to lower the interest rate at the next meeting, widening the rates difference for these two currencies.
