#3 Currency

HOW TO OWN PROPERTY IN SINGAPORE

COMPARED with the currencies of neighboring countries, the Singapore dollar is relatively stable, making the city-state ideal for Asean-focused companies to list.

To get a gauge of the impact of currency volatility on equity returns, we compared the percentage change in various equity indices over the last six months when measured in local currency terms with the percentage change in US dollar terms. The table shows the difference between the local currency and US dollar returns of key indices for the various regional share markets.

The data shows that Singapore's share market measures up well against most regional markets in US dollar terms. The reduced currency risks, therefore, make Singapore an attractive place for companies to list and also for investors with an appetite for regional exposure.

https://tradingeconomics.com/singapore/currency

Credit: https://tradingeconomics.com/singapore/currency

Last Year Currency Record


The USDSGD decreased 0.0003 or 0.02% to 1.3663 on Thursday June 13 from 1.3666 in the previous trading session. Historically, the Singapore Dollar reached an all time high of 2.31 in September of 1985 and a record low of 1.20 in August of 2011.




Last 5 Years Currency Record


The USDSGD decreased 0.0003 or 0.02% to 1.3663 on Thursday June 13 from 1.3666 in the previous trading session. Historically, the Singapore Dollar reached an all time high of 2.31 in September of 1985 and a record low of 1.20 in August of 2011.




Last 15 Years Currency Record


The USDSGD decreased 0.0003 or 0.02% to 1.3663 on Thursday June 13 from 1.3666 in the previous trading session. Historically, the Singapore Dollar reached an all time high of 2.31 in September of 1985 and a record low of 1.20 in August of 2011.




Singapore Dollar Forecast


The Singapore Dollar is expected to trade at 1.38 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.39 in 12 months time.





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