Singapore dollar

SCIENCE OF WEALTH

The US dollar is not dead – but that should not be the focus for Singapore investors

The biggest financial risk is that inflation would erode their purchasing power

The Singaporean dollar-ringgit pair has significance because the countries share close trade ties, and the land border between them is one of the busiest crossings in the world.

Ringgit hits strongest level versus Singapore dollar since 2021

Malaysia’s currency has also been boosted by foreign direct investment related to AI

Eileen Chia, regional head of corporate advisory for global financial markets at DBS, says that when it comes to FX rates, SMEs should "just lock it in and remove the uncertainty" from their businesses.

As Middle East conflict rages, DBS urges SMEs to hedge at least half their FX exposure – not time the market

This comes as the bank expands its SecureFX facility to all corporate clients in Singapore

The ringgit has strengthened to record highs against the US dollar and Singdollar in recent months.

Singdollar appreciated at average rate of 1.3% against ringgit over 2020 to 2025: Alvin Tan

Measures to support local businesses, given the impending RTS Link, will be announced later

The Singapore dollar has fallen 1.1% against the greenback in the last five days, weakening alongside other major currencies in the region.

Asian currencies dragged lower by oil spike, with Fed path and Middle East trajectory key risks ahead

But analysts say energy prices are unlikely to shape the region’s currency trajectory over a sustained period

The rebound in FX trading follows reports on Jan 23 that US authorities had conducted so-called “rate checks” in the US dollar-yen market.

Asian banks’ FX desks brace for volatility as yen intervention risks return

Pickup comes despite a high base a year earlier when investors positioned for the return of Trump to the White House

The Singdollar remains a bastion of stability, but the currencies around it are on the move.

How strong is the Singdollar? These charts show how it is performing against regional currencies

These seven charts track the Singapore dollar against key currencies over the last six months

As the greenback weakened, the AUD/USD pair punched through key resistance levels to trade at 0.7018 as at 8.30 am on Wednesday.

As the greenback dives, one of Asia-Pacific’s top-performing currencies is trouncing the Singdollar

The Australian dollar surges to its strongest position against the American currency in over two years