Singapore Dollar (SGD)

QUOTE AND NEWS
The Economic Times  Mar 27  Comment 
Singapore's dollar rose as investors covered short positions, starting to position for the upcoming semi-annual policy meeting in April.
Daily FX  Mar 17  Comment 
Singapore has the highest trade-to-GDP ratio in the world and this spells risk for USD/SGD in 2014…
TechCrunch  Mar 10  Comment 
Drive.SG, Singaporean car rental portal, has raised a SGD $1 million (or about USD $790,000) Series A from Insas Berhad, a Malaysian investment holding company. The startup will use the capital to expand its online car rental platform to the rest...
Channel News Asia  Mar 4  Comment 
Singapore has jumped to the top of the Economist Intelligence Unit's (EIU) ranking of the world's most expensive cities, overtaking the likes of Tokyo and Osaka as the Singapore dollar appreciated against the yen.
SeekingAlpha  Feb 11  Comment 
BySqueeky Wheel: In my November article on the Singapore dollar (FXSG), I predicted "a Fed taper in January putting USD/SGD at 1.27 or 1.28" - not a good prediction of the taper, but an excellent prediction on USD/SGD which peaked at 1.282 on...
Daily FX  Feb 10  Comment 
USD/SGD faced rejection from channel support at 1.2658 on Friday after mixed US employment data. The USD/SGD pair is likely to resume a downtrend after hitting the channel resistance (which is currently near 1.2740) as per technical analysis.
The Straits Times  Feb 6  Comment 
February 07, 2014 7:20 AM The Malaysian ringgit has hit a fresh record low against the Singapore dollar as several regional currencies continue to stay weak.     
Channel News Asia  Feb 3  Comment 
The Singapore dollar has remained resilient amid emerging market turmoil in the last week.
SeekingAlpha  Jan 17  Comment 
By Dean Popplewell: By Mingze Wu SGD received a slight boost during early Asian trade on stronger than expected non-oil domestic exports (NODX) in the month of December. NODX was up 6% Y/Y for the month of December, a welcomed reversal from...
Channel News Asia  Jan 10  Comment 
As the Federal Reserve rolls back its monetary stimulus, the Sing dollar is at its weakest levels in four months against a strengthening US dollar.




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The Singapore Dollar is the currency used in Singapore and replaced the Malaya and British Borneo dollar upon its independence from Malaysia. It is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

The $10000 note is one of the world's largest single notes in terms of real value.

Initially, the Singapore dollar was pegged to the British pound sterling at a rate of S$60 = £7. This peg lasted until the demise of the Sterling Area in the early 1970s, after which the Singapore dollar was linked to the US dollar for a short period of time. As Singapore's economy grew and its trade links diversified to many other countries and regions, Singapore moved towards pegging its currency against a fixed and undisclosed trade-weighted basket of currencies from 1973 to 1985. From 1985 onwards, Singapore adopted a more market-oriented exchange regime – classified as a Monitoring Band – in which the Singapore dollar is allowed to float (within an undisclosed bandwidth of a central parity) but closely monitored by the Monetary Authority of Singapore (MAS) against a concealed basket of currencies of Singapore's major trading partners and competitors. This in theory allows the Singaporean government to have more control over imported inflation and to ensure that Singapore's exports remain competitive. All issued Singapore dollar currency in circulation is fully backed by international assets to maintain public confidence.[1] The foreign reserves officially stand at over US$230 billion - as of May 2011.

The chart at left shows the USD/SGD currency pair; the number of Singapore Dollars equivalent to 1 U.S. Dollar (USD).

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