Stock Infographics
SGD/MYR to reach 1:4 soon ?
DonkeyStock
Publish date: Wed, 26 Jan 2022, 07:20 PM
Singapore is slightly raising the rate of appreciation of its Sing dollar nominal effective exchange rate (S$NEER) policy band.
S$NEER is the exchange rate of the Singapore dollar managed against a trade-weighted basket of currencies from Singapore’s major trading partners. (US, China, EU, Malaysia, Japan, Taiwan, Australia, South Korea, Indonesia, UK, Vietnam, Phillippines, Thailand, Canada, India)
What does it mean? It means the Monetary Authority of Singapore (MAS) is going to strengthen its currency in order to curb inflation. By raising the slope of its policy band, the MAS is effectively allowing the Sing dollar to appreciate, making imports cheaper and exports more expensive.
You can see a highly correlated pattern between SGD's strength and the $NEER Index. In short, SGD may be starting another round of strengthening cycle.
Source: iSquare Intelligence
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Discussions
1 person likes this. Showing 6 of 6 comments
Government must be just and fair to all
as the Word of God says
"He who rules over men must be just. Ruling in the fear of God"
And before God all men are equal
2022-01-27 17:31
any good policy is not going to work in malaysia as the country not that concern with equality for human and close one eye on corruption for the culprits link to the government.
2022-01-27 17:37
Wise words, in bolehland they also agree to implement laws to placate gods but along the way corruption seemed to hitch many rides in every bandwagons of justices. Looks like before gods, men have implemented george orwell's animal farm, some are more equal than others.
calvintaneng Government must be just and fair to all
as the Word of God says
"He who rules over men must be just. Ruling in the fear of God"
And before God all men are equal
27/01/2022 5:31 PM
2022-01-28 09:50
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Righteousness exalts a nation
Well done Singapore!
2022-01-26 19:28