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Send Money Online From Singapore

Singapore Market Report

The Monetary Authority of Singapore (MAS) controls the pace of weakening and strengthening of the SGD against an undisclosed basket of currencies – rather than using interest rates to guide the economy. A report has been released where analysts expected that the Singapore Dollar will weaken by around 2% against the USD by the end of the year as the MAS are reducing the pace of the SGD appreciating.

Following this report, the SGD dropped by 0.2% against the USD as the market is starting to price in the weaker currency.

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