Economy / Singapore
MAS To Allow Faster SGD Appreciation
October 2007 | Market StrategySingapore's dollar jumped to a 10-year high today after the central bank revealed in its policy statement that it would allow faster SGD appreciation. In light of the news that the Monetary Authority of Singapore (MAS) will 'increase slightly the slope of the S$NEER [Sing Dollar Nominal Effective Exchange Rate] policy band', we have revised up our year-end 2007 and 2008 currency forecasts, to SGD1.46/US$ (from SGD1.48/US$) and SGD1.38/US$ (from SGD1.46/US$) respectively.
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to South East Asia Monitor Vol 2 and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to South East Asia Monitor Vol 2 please click on the trial link below.
