USD-SGD exchange rate soared to five-year high last week

The SGD has lost 4.13% against the greenback.

The Singapore dollar's fight versus the greenback reached its weakest point last week, with the USD-SGD exchange rate jumping to its highest level since July 12 2010.

Data rleased today by the SGX showed that the SGD depreciated 1.45% against the US Dollar last week.

On a year-to-date basis, the SGD has depreciated 4.13% against the USD.

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