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Weekly currency market update—practical actions for SMBs, expats and travellers across AUD, CAD, GBP, NZD, SGD, USD, EUR and JPY
With the yen down sharply against major currencies, winter in Japan offers rare value on hotels, food, transport, and skiing. A rare currency tailwind for travellers.
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
Singapore is chasing tourists again relaxing some of their covid rules
As in the rest of the world, consumers in Singapore are being fleeced when it comes to foreign exchange costs, a study by TransferWise has revealed. Individuals in Singapore are being charged 15 times more on international payments than companies are, with S$2 billion lost in hidden FX fees annually.
Singapore is a city-state located in Southeast Asia that is known for its blend of modernity and tradition. It is a vibrant and cosmopolitan city with a mix of cultures, languages, and religions.
Singapore has a strong economy and is...
HKD/SGD Outlook: Bearish, as the rate is below its recent average and near recent lows, driven by weakness in the HKD.
CHF/SGD Outlook: Slightly positive, but likely to move sideways as the rate is above its 90-day average, but lacks a clear driver.
AED/SGD Outlook: Bearish, as the rate is below its recent average and near the lower end of the 3-month range.
NZD/SGD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average and lacks a definitive driver.
MYR/SGD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average without a clear driver for significant movement.
INR/SGD Outlook: Bearish, as the rate is below its recent average and near recent lows.
SGD/VND Outlook: Slightly positive, but likely to move sideways as the rate is near its 90-day average and positioned centrally within the recent range.
SGD/TWD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average and near mid-range levels.
SGD/THB Outlook: Slightly positive, but likely to move sideways due to its position above the 90-day average and near recent lows.
SGD/SAR Outlook: Slightly positive, but likely to move sideways, as the rate is above the recent average without a clear driver.
SGD/QAR Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average but lacks a clear driver.
SGD/PKR Outlook: Slightly weaker, but likely to move sideways, as the rate is near recent lows and just above the average.
SGD/PHP Outlook: Slightly weaker, but likely to move sideways, given its position just above the recent average and recent low trading levels.
SGD/MYR Outlook: Bearish, as the rate is below its recent average and near recent lows.
SGD/JPY Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average but lacks a strong driver.
SGD/INR Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average without a clear driver.
SGD/IDR Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average but lacks a clear driver.
SGD/HKD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average yet lacks a clear driver.
SGD/GBP Outlook: Slightly weaker, but likely to move sideways as the rate is below its recent average and within a stable range.
SGD/EUR Outlook: Slightly positive, but likely to move sideways, as the rate is near its recent average amidst mixed signals.
SGD/CNY Outlook: Slightly positive, but likely to move sideways as the rate is near its recent average and lacks a strong driver.
SGD/CHF Outlook: The SGD/CHF outlook is slightly weaker, but likely to move sideways, as the rate is below its recent average and mid-range.
SGD/CAD Outlook: Slightly positive, but likely to move sideways, as the rate is near the recent average and mixed signals persist.
SGD/AUD Outlook: Bearish, as the rate is below its recent average and near recent lows due to clear economic pressures.
SGD/AED Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average but lacks a clear driver.
SGD/USD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average, yet lacks a clear driver.
CAD/SGD Outlook: Slightly positive, but likely to move sideways, as the rate is near its recent average and lacks a clear driver.
AUD/SGD Outlook: Bullish, as the rate is significantly above its recent average and trading near recent highs.
EUR/SGD Outlook: Slightly positive, but likely to move sideways, as the rate is near its average in a mixed market environment.
GBP/SGD Outlook: Slightly positive, but likely to move sideways, as the rate is just above its recent average within a stable range.
USD/SGD Outlook: Slightly weaker, but likely to move sideways, as the rate is below the recent average and lacks a clear driver.