As the Malaysian ringgit and the Singapore dollar
have depreciated against the U.
The depreciating Singapore dollar
also knocked interbank rates, the rates at which banks lend among themselves, down to 1.
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
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.
BMI Research, a Fitch Ratings company, said, 'We also believe that the Singapore dollar
continues to face broad-based depreciatory pressures that will see it lower over the coming quarters.
The China Foreign Exchange Trading System stated that it will perform direct trading of the Chinese yuan against the Singapore dollar
starting from today.
Foreign banks will have to meet a Singapore dollar
LCR of 100 percent and an all-currency LCR of 50 percent.
5bn) in 2011, was the first Russian entity to tap the Singapore dollar
market in 2010, collecting SGD400m (USD321.
Economists said the upward re-centering of the policy band known as the Nominal Effective Exchange Rate essentially meant an appreciation in the Singapore dollar
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.
Singapore Telecommunications Limited (SingTel) today announced stable net profit of S$870 million in the second quarter ended 30 September 2013, as earnings growth was negatively impacted by the steep appreciation of the Singapore Dollar