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SGDUSD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
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  • Previous Close
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  • 52 Week Change
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  • Day Range
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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  • Beta
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  • Volume
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About

The financial product symbol SGDUSD.FOREX refers to the Singapore Dollar (SGD) against the US Dollar (USD) currency pair in the foreign exchange (FOREX) market. This symbol represents the exchange rate between these two currencies, specifically the amount of US Dollars needed to purchase one Singapore Dollar. FOREX denotes that this is a currency trading instrument. Traders use this symbol to speculate on the relative strength of the SGD versus the USD, aiming to profit from fluctuations in the exchange rate.
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Factors

Interest Rates: Higher US rates attract investment, strengthening the USD and decreasing SGDUSD.

Economic Growth: Strong US growth strengthens the USD, weakening SGDUSD. Singaporean growth strengthens SGD, increasing SGDUSD.

Inflation: Higher US inflation weakens USD, raising SGDUSD. Higher Singaporean inflation weakens SGD, lowering SGDUSD.

Geopolitical Risk: Global uncertainty often strengthens USD as a safe haven, decreasing SGDUSD.

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