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Pairing – The amount of Singapore dollars (SGD) that one can buy for every United States dollar (USD).
USD – World’s most traded currency
SGD - World’s twelfth most traded currency
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