The Singapore dollar has reached its highest level in nearly ten years against the US dollar, reflecting growing investor confidence in Asian markets. The currency strengthened by 0.3 percent to 1.2684 per US dollar, marking its strongest position since October 2014. The rise occurred amid expectations that Singapore’s central bank will maintain its current policy stance, while global pressure on the US dollar increased due to potential currency interventions by Japan and signals from the United States.
Analysts noted that the US dollar came under pressure following the New York Federal Reserve’s interest rate review on January 23, which also led to a 1.2 percent rise in the Japanese yen. Other Asian currencies benefited as well, with Malaysia’s ringgit reaching its highest level since 2018 and South Korea’s won hitting a three-week peak. Experts highlighted that Singapore’s monetary authority focuses more on exchange rate management than interest rates, supported by stable economic policies, a strong stock market, and a reliable government bond market.
Over the past year, the Singapore dollar has gained about 6 percent against the US dollar. Analysts believe that Singapore’s consistent and stable policies could help sustain the currency’s strength despite global uncertainties.
এশীয় বাজারে বিনিয়োগকারীদের আস্থা বাড়ছে আমার দেশ অনলাইন প্রকাশ : ২৬ জানুয়ারি ২০২৬, ১৫: ০৭আপডেট : ২৬ জানুয়ারি ২০২৬, ১৫: ২৩ আমার দেশ অনলাইন বিশ্ব মুদ্রাবাজারে সাম্প্রতিক পরিবর্তনের ধারায় মার্কিন ডলারের বিপরীতে উল্লেখযোগ্যভাবে শক্তিশালী হয়েছে সিঙ্গাপুর
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