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Singapore swap offer rate still slipping as greenback pauses

At 1.255%, the 3-month SOR is now some 30% down from 1.762% on Jan 13 and closing in on 3-month Sibor

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A key interest rate, the three-month swap offer rate (SOR), continues to slide as the US dollar takes a breather.

Singapore

A KEY interest rate, the three-month swap offer rate (SOR), continues to slide as the US dollar takes a breather. The three-month SOR was quoted at 1.25544 per cent on Feb 1, down 0.06670 percentage point from Jan 30.

It has plunged some 30 per cent from 1.76235 per cent