The Monetary Authority of Singapore (MAS) today eased its monetary policy stance by switching to a neutral policy of 0% appreciation of the Singapore dollar (SGD) Nominal Effective Exchange Rate (NEER) policy band in its latest monetary policy statement (MPS), after tightening two consecutive times in October 2007 and April 2008. There has been no [...]
Entries Tagged as 'Singapore Dollars'
Singapore – MAS shifts to a neutral FX stance
October 10th, 2008 · No Comments
Tags: Singapore Dollars
Currency Outlook - Singapore dollar
July 10th, 2008 · No Comments
USD/SGD
Sport 1.36
3 month forecast - 1.35
6 month forecast - 1.34
12 month forecast - 1.32
The SGD was essentially steady in June after appreciating sharply earlier in the year after the Monetary Authority of Singapore’s (MAS) re-fixed the central rate within the policy band. Subsequently, the MAS reiterated that it would maintain its three-year-old policy of allowing [...]
Tags: Singapore Dollars
MAS Re-centres SGD NEER Policy Band
April 10th, 2008 · No Comments
Today the Monetary Authority of Singapore (MAS) announced a modest monetary tightening. In the twice yearly monetary policy statement (MPS) it maintained its FX stance of a “modest and gradual appreciation” of the Singapore dollar (SGD) nominal effective exchange rate (NEER) which had been “increased slightly” in the previous policy statement announcement in Oct-071. Also [...]
Tags: Singapore Dollars