Currency pair USD - Singapore dollar (USD / SGD)
The US economy is the largest global economy in terms of GDP, while the US has the largest public debt. The dynamics of these indicators has a strong influence on the US dollar rate, and on the whole, the situation in the world economy. In addition, the US dollar is the main world reserve currency, and US government bonds are considered one of the most conservative and reliable instruments for investment.
The highest share (70%) in the structure of Singaporean exports is held by high-tech products, while just over 10% is accounted for by fuel and energy products. A highly developed economy and a steadily growing financial services sector have transformed Singapore into a financial center of Southeast Asia. All this together influences the rate of the Singapore dollar on Forex.
The US dollar currency pair to the Singapore dollar is not considered exotic, although it is not very popular with forex traders. It is quite predictable, and the rate has an average volatility. Trading is possible both within one day, and medium-term strategies for 2-3 days.
The USD / SGD currency pair is built on the principle of direct quotation. The base currency is USD - the dollar, and quoted - SGD, Singapore dollar. The growth of the currency pair means the strengthening of the US dollar against the Singapore dollar, that is, to buy one USD, more SGD is required. The downgrade indicates the strengthening of SGD.
Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
The American dollar - (currency sign - $, bank code: USD) - is the national currency in the United States, one of the main reserve currencies in the world. The right of monetary issue is governed by the Federal Reserve System, which performs the functions of the Central Bank.
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 pursues monetary policy, issuing banknotes, oversees payment systems, oversees financial services and monitors financial stability.
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