The stability of the Singapore dollar
COMPARED with the currencies of neighbouring 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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results