Serious Sing Dollar Drop to 9-Year Low Against US$! How To Visit Trump Tower Like That?

[JohnTan]

The Singapore Dollar is now at its weakest since 2009, during the global financial crisis, with little indication that it will stop falling.

1 US dollar could fetch as much as 1.4506 Singapore dollars yesterday afternoon Singapore time, but the value later climbed back to $1.4428 in the same session. This is the weakest that the Singapore Dollar has fallen to since August 2009, the year of the financial crisis.

Foreign currency experts believe that the last minute snap back for the Singapore Dollar to 1.4450 might have been due to intervention by the Monetary Authority of Singapore. The MAS has not replied to an email from Reuters asking for comments on its suspected intervention.

As of this morning, the US Dollar is fetching 1.4442 Singapore dollars.

- More at AllSingaporeStuff.com https://www.allsingaporestuff.com/article/sgd-drops-record-low-mas-might-have-intervened-halt-fall
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[AsiaDK]

Probably we underpaid our central bank staff.

You pay peanuts u get monkeys. Time to give our central bank staff a pay raise!

 

[AsiaDK]

At least we continue to appreciate against our hopeless neighbors.
PAP beats UNMO hands down! PPAP!

 

[eatshitndie]

mas spending reserves to prop the sgd up, same with japan to prop the jpy up.

 

[jw5]

The Singapore Dollar is now at its weakest since 2009, during the global financial crisis, with little indication that it will stop falling.

1 US dollar could fetch as much as 1.4506 Singapore dollars yesterday afternoon Singapore time, but the value later climbed back to $1.4428 in the same session. This is the weakest that the Singapore Dollar has fallen to since August 2009, the year of the financial crisis.

Foreign currency experts believe that the last minute snap back for the Singapore Dollar to 1.4450 might have been due to intervention by the Monetary Authority of Singapore. The MAS has not replied to an email from Reuters asking for comments on its suspected intervention.

As of this morning, the US Dollar is fetching 1.4442 Singapore dollars.

- More at AllSingaporeStuff.com https://www.allsingaporestuff.com/article/sgd-drops-record-low-mas-might-have-intervened-halt-fall
FB: http://fb.com/allsgstuff

If you are as wealthy as you claim to be, you wouldn't even notice the difference.

 

[blissquek]

mas spending reserves to prop the sgd up, same with japan to prop the jpy up.

Their policy is flawed...propping up the sgd...it is against the simple everyday law of supply and demand.

As a sick man of Asia, Singapore will see massive unwinding of the sing dollar and as sure as the rising run, it will pass the $1.50 mark.

 

[Scrooball (clone)]

Trump Hotel in New York fully booked. U got money also cannot go!

 

[po2wq]

Sing Dollar Drop to 9-Year Low Against US$! How To Visit Trump Tower Like That? ...

simple ... if ah johntan cannot go 2 trump tower, trump tower shud go 2 ah johntan ...

 

[jw5]

simple ... if ah johntan cannot go 2 trump tower, trump tower shud go 2 ah johntan ...

He can also blow his own trumpet.

 

[JohnTan]

simple ... if ah johntan cannot go 2 trump tower, trump tower shud go 2 ah johntan ...

I don't mind making a small donation to some trump charity so that I can have coffee at Ivanka's home.