The Business Times
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Singdollar trades at a fresh 10-year high of S$1.28 against the greenback 

The currency has been gaining strength in recent months, but especially so after Fed rate cut

Chong Xin Wei

Chong Xin Wei

Published Wed, Sep 25, 2024 · 03:46 PM
    • The stronger Singdollar spells good news for Singaporeans going on holiday and for importers.
    • The stronger Singdollar spells good news for Singaporeans going on holiday and for importers. PHOTO: BT FILE

    THE recent weakness in the US dollar has spurred strength in the Singdollar, a development that spells good news for both Singaporeans going on holiday and for importers.

    At around S$1.28 to the greenback, these levels have not been seen since October 2014.

    As at 8.45 pm on Wednesday (Sep 25), the Singapore dollar was trading at 1.2847 per US dollar, according to data from Yahoo Finance.

    Singapore dollarUS dollarInterest ratesMonetary policy

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