USD/SGD represents a currency pair, the ratio of which shows the dependence US dollar and Singapore dollar.
Definition
This pair belongs to an exotic group of currency ratios. Despite belonging to this group, USD/SGD is characterized by a calm behavior in the market. This is due to the fact that in recent years, the national currency of Singapore has become more stable and can even be considered one of the most stable world currencies. Due to this fact, the impact of the consequences of the financial crisis in the quotes of this currency pair are reflected minimally. The presented currency pair reflects the amount of Singapore dollars worth 1 US dollar. In this case, the US dollar is the base currency, and the currency of Singapore is a convertible one. The presented currency ratio is influenced by various factors.
The US dollar depends on major political events, the currency of Singapore depends on inflation in the country and the current economic situation.
Indicators of the currency pair
This pair has a high volatility and liquidity with skillful handling. As for spread, then this indicator varies in the range of five to ten items. At the moment, due to the weakened US economy, this currency pair is in a bearish trend.
The peculiarity of the currency pair
The peculiarity of this pair at the moment is the relative stability of the Singapore currency and the weakening of the US dollar.
Other information
Today, the quotes of this currency pair continue to decline. According to experts, the forecast of the presented currency pair does not determine any obstacles to the continuation of the decline in its quotes. It should be noted that the absolute minimum of quotations was already reached in 2010.