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Singapore dollar hits 7-month high against the greenback; what’s the prognosis for 2025?

Amid the uncertainty, analysts expect the Singdollar to further appreciate against the US dollar in the short to medium term

Summarise

Isabelle Chong

Published Fri, May 9, 2025 · 10:18 AM
    • On Monday, the Singdollar rose 0.6% to 1.29 per US dollar – a level not seen since September 2024.
    • On Monday, the Singdollar rose 0.6% to 1.29 per US dollar – a level not seen since September 2024. PHOTO: BT FILE

    [SINGAPORE] The Singapore dollar and other Asian currencies are continuing to gain ground against the US dollar as the tariff fallout weighs on the greenback.

    The Singdollar opened the week firm at 1.29 to the US dollar – a level not seen since September 2024.

    In the year to date, that’s a jump of about 5 per cent. On Friday (May 9) evening, the pair was trading at 1.29.

    Singapore dollarUS dollarTrump tariffs

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