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Send Money Online From Singapore

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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