THE Singapore dollar was one of the better performing Asian currencies in 2023, and will likely continue to perform well in 2024 on the back of tight monetary policy and a weaker US dollar.
The Monetary Authority of Singapore (MAS) made no changes to the Singdollar nominal effective exchange rate policy band last year, leaving the Singdollar free to strengthen against a basket of currencies.
Most economists expect MAS to leave the policy band unchanged this year too, although there is a chance that MAS would have to loosen monetary policy if core inflation eases materially. That would leave room for …
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