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TWDSGD

$--
--%
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 undefined financial product symbol TWDSGD.FOREX most likely refers to the exchange rate between the Taiwan Dollar (TWD) and the Singapore Dollar (SGD) in the foreign exchange (FOREX) market. It represents the price of one currency in terms of the other; specifically, it indicates how many Singapore Dollars are needed to purchase one Taiwan Dollar. The FOREX market is a global decentralized marketplace where currencies are traded. The TWDSGD pairing is considered a minor or exotic currency pair, as neither currency is one of the most heavily traded global currencies like the US Dollar or Euro. Trading volume in TWDSGD is generally lower than major currency pairs, which can sometimes lead to wider spreads and potentially greater price volatility.
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Factors

Taiwan and Singapore Economic Factors: Relative economic growth, interest rate differentials, inflation rates, and trade balances between Taiwan and Singapore impact their respective currencies' values.

Global Risk Sentiment: Risk-on/risk-off sentiment in global financial markets influences flows into or out of emerging market currencies like TWD and SGD.

Central Bank Policies: Monetary policy decisions made by the central banks of Taiwan and Singapore (e.g., interest rate changes, quantitative easing) affect currency valuations.

Geopolitical Events: Unexpected geopolitical events or crises can trigger flight-to-safety flows, influencing currency exchange rates.

Commodity Prices: Changes in prices of commodities that are significant exports for either Taiwan or Singapore can affect their respective currency values.

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