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2 years, 8 months ago

Is the Singapore dollar linked to the US dollar?

How is dollar devaluation impacting the Singapore dollar and Singapore exports?
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teflashfire | 2 years, 8 months ago
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The Singapore dollar is not linked to the US Dollar, though it was for a short time. Therefore, dollar devaluation in the United States does not modify the Singapore dollar significantly (except through normal trade relations). Currently, the Brunei dollar is pegged to the Singapore dollar, the the Singapore dollar itself is allowed to "float", though the value is ultimately decided by a governmental agency within Singapore.
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rentinginsingapore | 1 year ago
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The Singapore dollar is balanced by a basket of currencies, the exact weightings of which are not exactly known.

As the USD depreciates, the Sing $ increases in value and thus is able to buy more for less when importing. The exchange rate is in fact the weapon of choice of the MAS to keep inflation in check.

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