US vs Singaporean dollar FX currency pair

USDSGD (USDSGD^)

PairingThe amount of Singapore dollars (SGD) that one can buy for every United States dollar (USD).

Position

USD – World’s most traded currency

SGD - World’s twelfth most traded currency

Important factors

  • Economic factors – Singapore has been through major economic growth, and has showed itself as having a wealthy economy that can rival that of the US, meaning economic matters nationally in each country, and internationally, can affect this pairing.
  • Manufacture – The US is responsible for almost a fifth of the world’s manufacturing, and Singapore is also a country responsible for a lot of manufactured exports, including, but not limited to, computing products, electronics, financial services, and pharmaceuticals. The price of these various commodities can influence the value of the two currencies.
  • Natural resources – Where Singapore relies heavily on manufacture, the US economy is also tied to the trade of natural resources such as oil and precious metals
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Symbol
USDSGD^

Trading Hours
24 hours

Minimum Size
1,000 Notional or 0.01 Lot

Minimum stop distance

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