Singaporean Dollar

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Singaporean Dollar

The currency of Singapore. It was issued in 1965 after the end of the currency union between Singapore, Brunei and Malaysia. It was, at different times, pegged to the British pound, the U.S. dollar and a currency basket. Since 1995, it has been a managed float currency. It is interchangeable with the Brunei dollar.
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References in periodicals archive ?
The MAS, which reviews policy twice-yearly and will publish its next statement in April, manages the Singapore dollar in a secret trade-weighted band against a basket of currencies, instead of setting interest rates.
The Singapore dollar weakened to 1.677 against the US dollar recently.
The Indonesian rupiah has plunged nearly 70 percent against the Singapore dollar between 1997 and 1998, while the Malaysian ringgit sank 26 percent lower than the Singapore dollar.
New Delhi [India], Oct 10 ( ANI ): The National Investigation Agency on Tuesday conducted searches at 15 locations in Jharkhand and West Bengal in connection with Left Wing Extremism (LWE) terror funding case and seized cash worth Rs 68 lakh, besides 10,000 Singapore dollar and 1300 US dollar along with Rs.
The issuance marks the second Sukuk to be denominated in Singapore Dollar thus far and proceeds from the issuance will be used to fund the purchase of Islamic home financing from the financial system.
The agency however noted that uncertainty over the Federal Reserve's interest rate policy could affect Singapore dollar's peer currencies.
The Singapore dollar has appreciated from 1.80 in 2002 to 1.22 now.
VTB, which earlier unveiled plans to borrow about USD5bn (EUR3.5bn) in 2011, was the first Russian entity to tap the Singapore dollar market in 2010, collecting SGD400m (USD321.2m/EUR227m)
After trading in a narrow range in the upper 81 yen level in New York, the dollar fell to its lowest level since late April 1995 in Tokyo and hovered there after Singapore's monetary authorities tightened by widening the trading band of the Singapore dollar.
The MAS made the remark as it announced a further tightening of its policy on the Singapore dollar, allowing the Singapore dollar to rise against other currencies, in a bid to curb rising inflation.
It eased against the Singapore dollar to 2.9632/9657 from Monday's 2.9600/9634 and depreciated versus the yen to 3.5897/5934 from 3.5469/5502 previously.

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