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Tag: SGD

Singapore Dollar – Market News

 

Booming Commodities Can’t Save Australian Dollar

The Australian dollar is at or near multi-month lows against a number of major currencies in spite of a rampant iron ore market — once a great influence on AUD.

SGD, MYR at 6-Month Lows After Singapore, Malaysia Added to U.S. Currency Watchlist

The currencies of Malaysia and Singapore were trading at 6-month lows against the dollar on Wednesday following news that the US had added the Southeast Asian nations to its watchlist of suspected currency manipulators.

Australian Dollar at 4-Month Low After China Announces Tariff Retaliation

The US-China trade war is hotting up and that’s bad news for the Australian dollar, which slipped on Monday to a 4-month low against the dollar, euro and yen.

Consumers Throwing Away Billions on FX Fees (TransferWise Study)

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.

SGD/MYR at 17-Month High; Ringgit Slumps on FTSE Index Deselection

What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.

TransferWise Announces PayNow Funding Option

TransferWise is now officially offering PayNow as a funding option for users in Singapore, the company has announced.

Singapore dollar SGD forecasts for 2020

Forecasts for the Singapore dollar change all the time, affected by news events and relative sentiment towards the Singaporean economy. This continually updated article reviews the latest forecasts from banks and FX experts as well as news and recent movements of SGD in the currency markets.

Revolut Readies Singapore Launch

Revolut, a digital bank that allows users to receive, send and spend money at the interbank exchange rate, should be ready for its Singapore beta launch in March 2019, the company has said.

Outlook for Singapore Dollar Is Bright; Swiss Franc Strong In Spite of Ultra-Loose SNB

The Singapore dollar weakened on Tuesday but is forecast to be the best performing Asian currency in 2019. In Europe, political uncertainties have driven funds into the Swiss franc, elevating its price. The SNB has re-affirmed its commitment to market interventions, which means EUR/CHF at Fr1.1 will be a difficult nut to crack.

Bets Against IDR, SGD and INR Increase

A Reuters survey of investors this week has shown increased bearishness on the Indonesian rupiah, Singapore dollar and Indian rupee. Each of the Asian currencies has lost value this year amid concerns for global trade and following emerging market currency crises in Argentina and Turkey.

Australian Dollar Now Worth Less Than Singapore Dollar

The Australian dollar has been among the hardest hit of major currencies in recent months. Heavy losses since January have been widely reported in the financial press, with most commentaries focusing on the Aussie’s 8.6 percent decline against the

Dollar Doldrums: USD Suffers Worst Day in 10-Months Despite Pick-Up in Core Inflation

The U.S. Dollar Index (DXY) suffered its worst one-day decline in ten months on Friday in spite of an unexpected acceleration in the rate of core inflation and what appeared to be an upward revision to U.S. interest rate expectations. After the Bureau of Labor Statistics announced that U.S. consumer prices, excluding food and energy, […]

DBS Exchange Rates

Currency exchange is a complex subject for most people. For the majority of them, it is not something they need to track on a daily basis. However, when someone plans to travel abroad or send/receive cash from overseas, one needs to have some awareness of exchange rates and its calculation. In this article we look […]

InstaReM – BER Review

Instarem provides fast, safe and cost effective cross border money transfer services for Individuals and businesses from Australia, Hong Kong, India, Malaysia and Singapore to more than 25 countries.

CAD Steals Headlines from Dollar on Dramatic Employment Boost; Asia-Pac Currencies Make Sweeping Gains

The U.S. dollar was upstaged by its Canadian counterpart on Friday following the release of some spectacular Canadian employment data. Statistics Canada said on Friday that the nation’s unemployment rate fell in December to just 5.7% – the lowest rate in forty years – and that Canadian businesses added 78,600 new jobs. Ahead of the […]

Markets Upbeat Ahead of FOMC and Trump Decision; Korean Won Best in Asia-Pac

Ahead of major announcements in the coming days, investors were in surprisingly good spirits on Wednesday, indicated by a stronger New Zealand dollar, won, rupee and a faltering yen. Weakness in Asia-Pac FX would have been forgiven ahead of Thursday’s announcements by the FOMC (Wednesday in the US and Europe), Bank of England and Donald […]

Asia-Pac Currencies Make Waves Against Euro After ECB Extends Asset Purchases

Currencies in the Asia-Pacific region made sweeping gains against the euro on Thursday night after the European Central Bank announced a cautious approach to the removal of monetary stimulus. Further to a zero percent interest rate, the ECB is currently buying €60 billion worth of assets (bonds) each month, with the goal of keeping eurozone […]

Yen at Weakest Since July Following Abe’s Decisive Win and Strength in EUR/GBP Predicted

Shinzo Abe’s Liberal Democratic Party was the decisive winner in this weekend’s Japanese election, paving the way for a continuation of “Abenomics” and extremely loose monetary policy in the world’s third largest economy. Consequently, the Japanese yen weakened on Monday to levels above 114 per dollar for the first time since July. According to the […]

SGD and NZD Weaken After Economic Data

The Singapore dollar weakened against the US dollar on Tuesday morning after data showed that non-petro exports plunged 11% in September. Ahead of the data’s release, analysts had forecast an unchanged reading. September’s number means that Singapore’s exports declined on an annual basis by 1.1%, from growth of 16.7% in the year to August. USD/SGD […]

The Week Ahead for Asia FX

The week ahead should be an interesting one for Asian financial markets, with the highlights being China’s 19th National Congress, the latest numbers for Chinese economic growth, the Bank of Korea’s monetary policy meeting and Japanese trade data. Further to that, and to the events outlined below, investors should look with care to Federal Reserve […]

Singapore Dollar Weakens Despite Impressive GDP Growth

In spite of robust economic data, the Singapore dollar weakened on Friday to 1.354 per US dollar and to 1.604 per euro, from 1.3515 and 1.5992 respectively. Singapore’s Ministry of Trade and Industry (MTI) said on Friday that preliminary GDP for the third quarter grew by an impressive 6.3%; nearly twice the market forecast of 3.2%. […]

Asian Currencies Have Muted Start to Golden Week

Currencies in Asia have begun the week slowly and also with contrasting performances against the FX majors. Against the dollar, while all of Asia’s ten most active currencies have fallen marginally on Monday morning, many hold slight gains or remain unchanged against the euro. Little movement has been seen against the yen. A mixed bag […]

Singapore Dollar Trades Cautiously but Still Reaches 6-Week High Versus Yen

The Singapore dollar has begun the week cautiously. Against the US dollar, having risen on Friday to a one-year high of 0.7493, the currency of Asia’s ‘Lion City’ conceded some ground on Monday and Tuesday, with SGD/USD falling back below 0.745. A retreat in the pair was likely given last week’s approach to major technical […]

Korean Won Leads Asian Currencies Higher

Most Asian currencies ended Wednesday higher against the dollar, albeit on a rather unspectacular day of trading. With a few exceptions, markets traded quietly ahead of the Jackson Hole symposium (24-26 August) at which Fed Chairwoman Janet Yellen and ECB President Mario Draghi might give important updates on monetary policy. The star of the day […]

Government Forecasts Add to New Zealand Dollar Woes, Currency at 14-Month Low Versus EUR

The New Zealand government piled misery onto the New Zealand dollar on Wednesday with its announcement that it had revised downward its forecasts for economic growth this year and next. Treasury officials said that growth for the year to June 2017 would likely come in at 2.6%, from earlier expectations of 3.2%, and have forecast […]

Yen at 8-Week High as Investors Flee to Safe Havens and Singapore’s Economy Outperforms

RBA Stay Put and Moody’s Are Unhappy with South Africa’s Monetary Policy, Rand Falls to Long-Term Lows

2017 Dollar Dream Is Crumbling, Currency Falls Sharply Following More Disappointing Inflation Data

Yen Falls to 1-Month Low Ahead of Yellen Speech

Hong Kong Authorities Post Warning on “Dangerous Situation” in Housing Market and RBNZ Keep Cool on Interest Rates

Australian Dollar Falls but Recovers Following Moody’s Downgrade of Australia’s Top Banks

New Zealand Dollar Is Best Performer in May but Big Bank Predicts Lower Value Ahead

New Six-Month Highs in Singapore Dollar as Government Predicts Above-2 percent Growth in 2017

Malaysian Ringgit’s Failure to Rally Despite Positive News Could be Important Signal for Currency’s Future Direction

Fed and Economic Data Add to a Terrible Day for Australian Dollar

Scotiabank: Four Conditions for Asian Currency Appreciation in 2017

Malaysian Ringgit Outlook: Has It Turned a Corner?

Singapore’s Growth Roller Coaster Continues and RBA Posts Warning on Housing Market

Philippine Peso Starts Q2 with a Bang

Bankers Hint at End to Historically Cheap Euro

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