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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: The HKD/SGD exchange rate is likely to decrease as it is currently trading near recent lows and significantly below its 3-month average.
CHF/SGD Outlook: CHF/SGD is slightly positive but likely to move sideways, currently trading above its 90-day average of 1.
AED/SGD Outlook: The AED/SGD is slightly weaker but likely to move sideways, as it is currently below its recent average and trading near recent lows.
NZD/SGD Outlook: The NZD/SGD is slightly positive but likely to move sideways as it trades above its recent average and remains within a stable range.
MYR/SGD Outlook: The MYR is currently trading above its 90-day average and is near the upper range of its recent performance.
INR/SGD Outlook: The INR/SGD rate is likely to decrease as it is currently trading below its 90-day average and near recent lows.
SGD/VND Outlook: The SGD/VND is slightly positive and likely to move sideways as the rate is just above its 90-day average and within the mid-range of its...
SGD/TWD Outlook: The SGD/TWD rate is currently above its 90-day average and near recent highs.
SGD/THB Outlook: The SGD/THB is slightly positive but likely to move sideways, trading just above its recent average and near highs.
SGD/SAR Outlook: The SGD/SAR rate is slightly positive, sitting above its 90-day average and near recent highs.
SGD/QAR Outlook: The SGD/QAR exchange rate is likely to increase as it is currently 1.
SGD/PKR Outlook: The SGD/PKR rate is slightly positive, trading 1% above its 3-month average and within mid-range of the recent price cycle.
SGD/PHP Outlook: The SGD/PHP pair is slightly weaker, moving sideways as it trades just below its 3-month average and mid-range.
SGD/MYR Outlook: The SGD/MYR exchange rate is likely to decrease as it currently sits below its 90-day average and near recent lows.
SGD/JPY Outlook: The SGD/JPY rate is currently trading above its 90-day average and is near its recent highs.
SGD/INR Outlook: The SGD/INR exchange rate is currently bullish, trading above its recent average and near the 14-day highs.
SGD/IDR Outlook: The SGD/IDR is slightly positive, reflecting its position above the 90-day average and near the upper end of its recent trading range.
SGD/HKD Outlook: Slightly positive, but likely to move sideways as the rate is above the 90-day average and within a stable range.
SGD/GBP Outlook: The SGD/GBP exchange rate is likely to increase as it currently trades at a 90-day high and remains significantly above its recent average.
SGD/EUR Outlook: The SGD/EUR exchange rate is currently below its recent average and near recent lows.
SGD/CNY Outlook: Slightly positive, but likely to move sideways as the SGD is just below its recent average, placing it near the mid-range of the last three months.
SGD/CHF Outlook: The SGD/CHF rate is currently below its 90-day average and trading near the lower end of its recent range.
SGD/CAD Outlook: The SGD/CAD exchange rate is slightly positive but likely to move sideways, trading just above its 90-day average and within its recent range.
SGD/AUD Outlook: The SGD/AUD exchange rate is likely to decrease as it is currently below its 90-day average and near recent lows, pressured by economic...
CAD/SGD Outlook: The CAD/SGD rate is slightly weaker and likely to move sideways, currently trading just below its recent average and in the mid-range of...
AUD/SGD Outlook: The AUD/SGD is likely to move sideways, currently trading significantly above its 90-day average and in the mid-range of its recent 3-month fluctuations.
EUR/SGD Outlook: The EUR/SGD exchange rate is slightly positive and likely to move sideways, trading near its recent average and 7-day highs.
GBP/SGD Outlook: The GBP/SGD exchange rate is likely to decrease as it currently trades near 90-day lows and is significantly below its recent average.
USD/SGD Outlook: USD/SGD is slightly weaker but likely to move sideways as it currently trades 1.