2014 'not an exciting year' for Asean currencies

[SINGAPORE] Asean currencies will be flat this year mainly because of the low interest rates, said Leong Sook Mei, Asean head of global markets research at The Bank of Tokyo Mitsubishi UFJ.

"This year is not an exciting year for currencies," said Ms Leong yesterday in a briefing on Asean currencies.

For instance, the movement of the Singapore dollar (SGD) to the US dollar has been less than 400 pips this year versus more than 700 in 2013, she said.

The SGD high last year was $1.21 and low was $1.28. This year, the high wa…