The British pound to the Singapore dollar is very vulnerable to the US dollar. When forecasting the volatility of this financial instrument, it is necessary to take into account the US economic indicators:
• indicator of GDP;
• the number of new jobs and others.
The pair is considered quite exotic with little volatility, since the Singapore dollar is one of the most stable currencies in the world Exports predominate over imports and the country has a low level of inflation.
Singapore is a very developed country in Asia, it is part of the "Four Asian Tigers" - an unofficial name for the economies of South Korea, Singapore, Hong Kong and Taiwan, which showed very high rates of economic development from the early 60s to the crisis of the 1990s.
The leading direction of the British economy is the service sector. The UK provides 10% of global exports of services, including banking, brokerage, advisory and programming. The second most important sector of the economy is industry: mining (2.2% of GDP) and manufacturing (14.7% of GDP). The main export of the country is engineering, transport, industrial goods and chemicals. Oil production since the 1970s brought a significant profit in trade and allowed to reduce the import of petroleum products.
Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
The pair GBP / SGD is built on the principle of direct quotation. The base currency is GBP, the British pound, while the quoted currency is SGD, the Singapore dollar. The growth of the currency pair means strengthening of the British pound against the Singapore dollar, that is, to buy one GBP, more SGD is required. A decrease in the exchange rate indicates the strengthening of the Singapore dollar.
Singapore dollar - (bank code: SGD) - the national currency of the Republic of Singapore (Republic of Singapore) is attached the Brunei dollar in the ratio 1: 1. The Monetary Authority of Singapore acts as the central bank of Singapore, and also controls monetary policy, issuing banknotes, oversees payment systems, oversees financial services and monitors financial stability.
British pound, pound sterling or pound - (currency symbol: £, Bank code: GBP) is a currency that acts as the national currency of the United Kingdom of Great Britain and Northern Ireland (Great Britain), including England, Scotland, Wales and Northern Ireland. Also the pound is a parallel currency of the crown lands of Guernsey, Jersey and the Isle of Man. The pound sterling is a legal tender for the British overseas territories: the Falkland Islands, Gibraltar, St. Helena, Ascension and Tristan da Cunha. The Bank of England has the right of money issue and regulation.
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