Singapore dollar trades at $1.23

The local currency has traded in a tight range all week.

IG Markets Singapore said:

SGD continues to have a settled trading pattern against the US dollar, having traded in a tight range - 1.2280 to 1.2320 - all week. It currently sits right in the middle of that range at 1.23.

We have seen other Asian and risk currencies lose ground to the greenback this week, while the Singapore dollar has shown resilience.

As we head into the MAS policy announcement tomorrow we are likely to see this pattern remain as traders hold fire ahead of that key decision.

It is widely expected that the permitted trading band slope will decrease and there are increasing numbers of analysts believing the band may be widened too.

OCBC Treasury Research noted:

The SGD NEER meanwhile is trading around +0.97% above its perceived parity (1.2420) with the extreme strong end of the fluctuation band estimated at around 1.2235. Look for the USD-SGD to ply a 1.2250-1.2350 range in the interim.

For tomorrow’s MAS Monetary Policy Statement, we continue to expect a slope flattening, with a potential band widening thrown in.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia