It's part of their policy to do so, because they don't adjust interest rate, they manipulate currency. That at least contribute a significant part of it, not entirely.
SGD is being handled responsibly and seriously which is something I can't say the same about the US Dollar with how recklessly it's being handled under it's current political administration.
Why is the Singapore dollar so strong in recent times? Year 2023 The strength of the Singapore dollar, like any currency, is influenced by various factors: 1. **Economic Stability:** Singapore has a stable and well-managed economy, which positively affects its currency. 2. **Government Policies:** The Monetary Authority of Singapore effectively manages monetary policy, contributing to currency strength. 3. **Trade Surpluses:** Singapore often has trade surpluses, meaning it exports more than it imports, which is good for the currency. 4. **Investor Confidence:** Singapore is seen as a safe investment destination, attracting foreign capital. 5. **Global Economic Conditions:** The Singapore dollar can be influenced by global economic trends and events. Remember, currency values are complex and can be influenced by a mix of local and international factors.
SGD is gold backed, so money flowing into Singapore are safe. FDI is based on trust in local currency and FDI is soon put to good use by the competence of local regulations and ease of doing business. Businesses starting were assisted by ready made premises promising instant supply of adequate power/utilities, good network of infrastructure and Singapore's very many trade agreements with major trading partners.
Sir, you forgot to mention that the MAS is not a central bank because it cannot print the SGD. By law, each SGD that it issues has to be backed 100% by foreign currency or gold reserves. It's a rare non fiat currency which is also part of Russia's foreign reserves 😂.
Following its merger with the Board of Commissioners of Currency on 1 October 2002, the MAS assumed the function of currency issuance.MAS has the exclusive right to issue banknotes and coins in Singapore. Their dimensions, designs and denominations are determined by the Monetary Policy Committee with Government approval. The banknotes and coins issued have the status of legal tender within the country for all transactions, both public and private, without limitation.
Strong currency is stem from robust economic and governance. Stable economy, a lot of job opportunity, strong purchasing power, foreigner willing to influx of capital in Singapore market 😊 creat job.
@@alola9831And Singapore is no.2, not a bad position, but still it's important to think of ways to get back to no.1 but further improving areas that are working great so that it become 1st in class, and then build on it so that she's not going to lose the lead again.
The USD is powerful because the U.S. is no 1 in a unipolar world order. If the U.S. falls off their perch, their USD will follow and America will become poor quickly. They have $34 trillion in national debt, and growing. Why else does the U.S. have 800 military bases around the world and the highest military spending of any nation? To protect US political supremacy, which in turn protects the reserve currency status of the USD, which enables the U.S. to print as much money as they want.
USA brother can print as the want & can give bank hike as they want.*take notes usa$ is the big brother of the world title only that controls the world $$$ Laaa ok 😭😭😭😭😭
It is strong because the MAS tweaks its policy band to keep it that way. As a nett import country , it is good to have a strong currency so that inflation is kept at bay. The reverse is true for a mainly export country. The disadvantage is that too strong a dollar will keep visitors away as things get very expensive. Only Singaporeans or those who earn in Singapore dollars will not feel the pinch.
Singapore - the only country where public housing (aka "government-subsidised" housing, aka HDB) is priced at half a million, and even upwards to a million Singapore dollars.
Singapore had many " good brains" leaders, high integrity, bussiness orientation soceity and well discplined people makes the country so proggresive indeed. Sad thing of msian leaders. Im a msian indeed..
Please please Singapore $ so strong...so how does prices esp food n housing .. utilities .rental compares to our neighbors Tell me what is the use of a strong $ when during holidays Singaporeans drive up to neighbors country to buy stuff. Is that something brainless?
a strong SGD makes it cheaper to go overseas to buy stuff and go on vacation, because you can now buy more stuff for the same amount of money. they explained it in the video, but i guess you didn't watch before commenting.
@@aahfeeki I guess u also did not read. Some months ago MAS reportedly used US 30 billion to prop up s$....I really do not wish our authorities use to prop up for Singaporeansbto shop cheaper in neighbors countries
It's part of their policy to do so, because they don't adjust interest rate, they manipulate currency. That at least contribute a significant part of it, not entirely.
A country's currency strengthening doesn't bode well for its citizens. Strong inflow of foreign investment (financial manuplation) by oligarchs usually destroy the locals livelihood. Look at USA with the strongest currency in the world has also the most homeless people compared with any other country in the world.
USA is different case. It's a case where it's the end game of capitalism & liberal democracy where the government is powerless to put in place policies that can help the people without angering corporations/landlords. Basically, corporations have influence over government policies and why the rich gets richer and the poor gets poorer
You can’t compare US to Singapore. Singapore has very low homelessness, and very high ownerships of house. From time to time, the Singapore government is able to help the targeted group during hard time due to its very strong financial performance and prudent fiscal policy.
@@sktoh4469 Brunei is 2nd richest in ASEAN after Singapore. No personal income tax, free health care system, free education to university level. Small is always beauty with less than ½ millions people living in harmony in an environment free of 3R toxic politics.
Same multiracial society with vernacular school system. Wikipedia Brunei education system. Some of our PhD holders missed out on Brunei. Wonder how he@emeritus ukm did his research papers☹️ ?
Singaporean dollars are going high so does the people expenses, Singaporean are lining up buying subsidies groceries and fuel from Malaysia , Singapore government should make the people happy as the people already being stressed out staying in small high rise flats with high cost of living
Eggs and chicken meats are subsidized items in Malaysia and these are not allowed to be brought into Singapore. Thus Singaporeans are not buying groceries which are subsidized. Also, those who buy the subsided petrol are mostly Malaysian themselves but Permanent Resident of Singapore. Having a PR pass, they are not allowed to drive Malaysian registered vehicles except Singapore registered ones in Singapore. Happiness depends on one's contentment. A big house can also make one being stressed as it needs a lot of maintenance such as clean up and paying more tax.
Thanks to mainland chinese who transfer their wealth out of hongkong to singspore when xi forcibly took over hk. Maybe trillion of usd went to singspore. Singapore needs to thank xi for this making hk one country one system breaking his promise
It's part of their policy to do so, because they don't adjust interest rate, they manipulate currency. That at least contribute a significant part of it, not entirely.
Dude, get an education. The SGD has been appreciating against the USD for decades even before the inflow of money from the Chinese. I was hired from a graduate business school and started work at the head office in the U.S. Nine months later I returned to work from the newly established office in Singapore. At that time, Nov. 1987, the exchange rate was SGD 2.095 = USD 1.0. In fact, when I was working in the Middle East in 1983, the exchange rate was @2.4+. Today the rate is SGD 1.35. In fact, a few years ago, it was at SGD 1.2+. Singapore being a stable and safe country with a strong currency is now the favourite for the ultra rich to park their money. Some of the ultra rich included the co-founder of Facebook who gave up his U S greencard to move to Singapore and James Dyson who moved his global HQ from the UK to Singapore. He also moved his personal wealth, valued at several billion of dollars to Singapore. Another ultra rich, Zhang Yong, founder of Hadilao, became a Singapore citizen. Although his net worth has dropped but it is estimated to be about USD$4.9 billion. In 2022, the largest group of foreigners who bought private properties in Singapore were Americans. I suspected most of them were the very rich Asian Americans who wanted to move some of their assets out of the U.S.
SGD artificially boosted to attract rich people...............main reason is to attract 3rd world foreign workers here......so despite high cost of living, they can still remit money back home.............
It's part of their policy to do so, because they don't adjust interest rate, they manipulate currency. That at least contribute a significant part of it, not entirely.
Why do you think the Singaporean Dollar is so strong? Let us know down below!
SGD actually strengthened against the euro. Inaccurate info at 0:39.
It's part of their policy to do so, because they don't adjust interest rate, they manipulate currency. That at least contribute a significant part of it, not entirely.
Its strong mainly because of the policies, secondly is also because most neighboring countries just too untrustworthy.
Is because of PAP!
SGD is being handled responsibly and seriously which is something I can't say the same about the US Dollar with how recklessly it's being handled under it's current political administration.
Strong reserves is a strong point
Plus practically less courruption.
Singapore is corrupt. Lots of money laundering in the banking sector. Ministers taking payments for tenders. It's common place, just hidden.
Why is the Singapore dollar so strong in recent times? Year 2023
The strength of the Singapore dollar, like any currency, is influenced by various factors:
1. **Economic Stability:** Singapore has a stable and well-managed economy, which positively affects its currency.
2. **Government Policies:** The Monetary Authority of Singapore effectively manages monetary policy, contributing to currency strength.
3. **Trade Surpluses:** Singapore often has trade surpluses, meaning it exports more than it imports, which is good for the currency.
4. **Investor Confidence:** Singapore is seen as a safe investment destination, attracting foreign capital.
5. **Global Economic Conditions:** The Singapore dollar can be influenced by global economic trends and events.
Remember, currency values are complex and can be influenced by a mix of local and international factors.
thanks chat-gpt
Brunei is smart, they pegged their currency to SGD 1 to 1 since the 60's
Brunei pegged their currency to SGD.
Brunei piggy back on sg currency, correct bet. Strong sgd.
Singapore gdp is 2 times more than brunei.
SGD is gold backed, so money flowing into Singapore are safe. FDI is based on trust in local currency and FDI is soon put to good use by the competence of local regulations and ease of doing business. Businesses starting were assisted by ready made premises promising instant supply of adequate power/utilities, good network of infrastructure and Singapore's very many trade agreements with major trading partners.
It is very costly to push up SGD. MAS translation loss was $31b last year.
Thanks for another video that gave me the understanding in financial markets. Much appreciated 🙏
Because Singapore reserve US 1.6 trillion dollars
Singapore has real economy surplus, unlike us, the debt country in the history of the world.
Sir, you forgot to mention that the MAS is not a central bank because it cannot print the SGD. By law, each SGD that it issues has to be backed 100% by foreign currency or gold reserves. It's a rare non fiat currency which is also part of Russia's foreign reserves 😂.
Same in Switzerland
Following its merger with the Board of Commissioners of Currency on 1 October 2002, the MAS assumed the function of currency issuance.MAS has the exclusive right to issue banknotes and coins in Singapore. Their dimensions, designs and denominations are determined by the Monetary Policy Committee with Government approval. The banknotes and coins issued have the status of legal tender within the country for all transactions, both public and private, without limitation.
@@agneymenon5037 yes, I believe you are correct.
Political stability is the key for Singapore economic stability
Strong currency is stem from robust economic and governance. Stable economy, a lot of job opportunity, strong purchasing power, foreigner willing to influx of capital in Singapore market 😊 creat job.
China numba 1
@@alola9831And Singapore is no.2, not a bad position, but still it's important to think of ways to get back to no.1 but further improving areas that are working great so that it become 1st in class, and then build on it so that she's not going to lose the lead again.
@@Highwind79nah singapore sucks
Can you make a follow up video why is USD so strong? I mean, The US has a constant trade deficit with other countries and yet it's getting stronger
Due to the increase in interest rate over the past few years, creating more demand for the usd and hence currency becomes stronger.
It's a globally trusted currency. People know that they can rely on it
It's also the reserve currency so there's always denand for it
The USD is powerful because the U.S. is no 1 in a unipolar world order. If the U.S. falls off their perch, their USD will follow and America will become poor quickly. They have $34 trillion in national debt, and growing. Why else does the U.S. have 800 military bases around the world and the highest military spending of any nation? To protect US political supremacy, which in turn protects the reserve currency status of the USD, which enables the U.S. to print as much money as they want.
Fed Reserve pump up the interest rates.
USA brother can print as the want & can give bank hike as they want.*take notes usa$ is the big brother of the world title only that controls the world $$$ Laaa ok 😭😭😭😭😭
Malaysia, please take a lesson here.
You're welcome.
corruption kills
@@seahshuhuae3053Malaysia is the master of corruption & is not a secret to the world.😊
Fair comment. Thanks for sharing.
Large financial impost on foreigners buying properties in Singapore
It is strong because the MAS tweaks its policy band to keep it that way. As a nett import country , it is good to have a strong currency so that inflation is kept at bay. The reverse is true for a mainly export country. The disadvantage is that too strong a dollar will keep visitors away as things get very expensive. Only Singaporeans or those who earn in Singapore dollars will not feel the pinch.
??? Singapore is a nett export country. A simple google search will tell you that.
Singapore dollars is better than Malaysian Ringgit and Indonesia Rupiah
Stating the obvious. Even an idiot can tell you that.
Means you just realised that...are you okay?
@@michaellee3314😂😂
You also didnt mentioned their hdb wont be affected by inflations or floating interestrate
Singapore - the only country where public housing (aka "government-subsidised" housing, aka HDB) is priced at half a million, and even upwards to a million Singapore dollars.
Singapore had many " good brains" leaders, high integrity, bussiness orientation soceity and well discplined people makes the country so proggresive indeed. Sad thing of msian leaders. Im a msian indeed..
In my fictional world, Malaysia surpasses Singapore in every area because they have Boboiboy and Ejen Ali
Who are they??
Singapore Numba 1
Amazing video bro
🇸🇬🇸🇬🇸🇬
Good for the rich, bad for the lower-income locals.
Please please Singapore $ so strong...so how does prices esp food n housing .. utilities
.rental compares to our neighbors
Tell me what is the use of a strong $ when during holidays Singaporeans drive up to neighbors country to buy stuff. Is that something brainless?
a strong SGD makes it cheaper to go overseas to buy stuff and go on vacation, because you can now buy more stuff for the same amount of money. they explained it in the video, but i guess you didn't watch before commenting.
@@aahfeeki I guess u also did not read. Some months ago MAS reportedly used US 30 billion to prop up s$....I really do not wish our authorities use to prop up for Singaporeansbto shop cheaper in neighbors countries
@@aahfeeki at the cost of living in bird cage, harder to own car 😂😂😂
Taking advantage of the currency come to the neighbouring to sapu the stuff anyway do enjoy
Thanks PAP and Singapore Tourism Board, you sure know how to spread your gospel.
❤PAPAPAPAPAPAPAPAP❤
About the Pandora papers?
salary for local stagnant and goods local buy reduced as internal inflation increase
Singapore reserve and companies owned by singapore overseas.
Swiss currency is the strongest in the past decades
Supporter of DS.
Now sgd getting stronger SGD1.29 13'Sep 2024
0:15 Why is Vietnam currency Dong the same spelling as the western slang word Dong for male genitals? Thesis?
It's part of their policy to do so, because they don't adjust interest rate, they manipulate currency. That at least contribute a significant part of it, not entirely.
Many Rich n Famous parked their USD in Singapore.!how not then Singapore won,t b rich!,
Its. A. Part. Of. India. Look. Back. Its. Good. For. Capital. .of. India. Also. With. Anita. Bose. Please. Try. For. It. For. Easier. For. World. Trade.
Love from India🇮🇳
Jai Hind
Jai Bharat
Jai Shree Ram🙏🛐🚩
NHK
A country's currency strengthening doesn't bode well for its citizens. Strong inflow of foreign investment (financial manuplation) by oligarchs usually destroy the locals livelihood. Look at USA with the strongest currency in the world has also the most homeless people compared with any other country in the world.
USA is different case. It's a case where it's the end game of capitalism & liberal democracy where the government is powerless to put in place policies that can help the people without angering corporations/landlords.
Basically, corporations have influence over government policies and why the rich gets richer and the poor gets poorer
You can’t compare US to Singapore. Singapore has very low homelessness, and very high ownerships of house. From time to time, the Singapore government is able to help the targeted group during hard time due to its very strong financial performance and prudent fiscal policy.
Hello
Brunei dollar is also strong why nobody talk about it
Cos BND is tagged to SGD so it is the same.
No need to talk about Brunei because that small Islamic state has no economic or political clout.
@@sktoh4469 Brunei is 2nd richest in ASEAN after Singapore. No personal income tax, free health care system, free education to university level. Small is always beauty with less than ½ millions people living in harmony in an environment free of 3R toxic politics.
Same multiracial society with vernacular school system. Wikipedia Brunei education system. Some of our PhD holders missed out on Brunei. Wonder how he@emeritus ukm did his research papers☹️ ?
@@chuageokseng2168 UBD is ranked 254 in 2020. 🫢
Singaporean dollars are going high so does the people expenses, Singaporean are lining up buying subsidies groceries and fuel from Malaysia , Singapore government should make the people happy as the people already being stressed out staying in small high rise flats with high cost of living
Eggs and chicken meats are subsidized items in Malaysia and these are not allowed to be brought into Singapore. Thus Singaporeans are not buying groceries which are subsidized. Also, those who buy the subsided petrol are mostly Malaysian themselves but Permanent Resident of Singapore. Having a PR pass, they are not allowed to drive Malaysian registered vehicles except Singapore registered ones in Singapore. Happiness depends on one's contentment. A big house can also make one being stressed as it needs a lot of maintenance such as clean up and paying more tax.
我們國家沒有偷鄰國補貼商品的歷史，儘管公寓、房屋和基本商品等價格很貴，但我們很有能力買，事實上我們每個月的收入都夠買你的嘴了。
Pay and pay till you drop policy 😢😢😢
S.PORE OK MALAYA KO
sg is cash rich XD
It's Singapore Dollar. Not Singaporean dollar.
No diff lah .
take a chill pill, buddy. Nobody is going to lose their mind if someone says American Dollar instead of saying US Dollar.
@@hailyrizzo5428 yet, my post bothers you enough to respond. lol
Thanks to mainland chinese who transfer their wealth out of hongkong to singspore when xi forcibly took over hk. Maybe trillion of usd went to singspore. Singapore needs to thank xi for this making hk one country one system breaking his promise
You obviously don’t know what you are talking about.
Low iq
It's part of their policy to do so, because they don't adjust interest rate, they manipulate currency. That at least contribute a significant part of it, not entirely.
Dude, get an education. The SGD has been appreciating against the USD for decades even before the inflow of money from the Chinese.
I was hired from a graduate business school and started work at the head office in the U.S. Nine months later I returned to work from the newly established office in Singapore. At that time, Nov. 1987, the exchange rate was SGD 2.095 = USD 1.0. In fact, when I was working in the Middle East in 1983, the exchange rate was @2.4+. Today the rate is SGD 1.35. In fact, a few years ago, it was at SGD 1.2+.
Singapore being a stable and safe country with a strong currency is now the favourite for the ultra rich to park their money. Some of the ultra rich included the co-founder of Facebook who gave up his U S greencard to move to Singapore and James Dyson who moved his global HQ from the UK to Singapore. He also moved his personal wealth, valued at several billion of dollars to Singapore. Another ultra rich, Zhang Yong, founder of Hadilao, became a Singapore citizen. Although his net worth has dropped but it is estimated to be about USD$4.9 billion.
In 2022, the largest group of foreigners who bought private properties in Singapore were Americans. I suspected most of them were the very rich Asian Americans who wanted to move some of their assets out of the U.S.
😂😂😂 Sibei ignorance leh!
SGD artificially boosted to attract rich people...............main reason is to attract 3rd world foreign workers here......so despite high cost of living, they can still remit money back home.............
Umipik na yung paglipat ng mga kayamanan ng mga Chinese sa Singapore
Don't insults other currencies
Dont mean to be rude but....many grammatical errors and zero Macroeconomic analysis....ignore this article !!!
😂😂😂😂
Its controlled currency by SG government
Yes currency is manipulated. Breach of WTO rules.
It's part of their policy to do so, because they don't adjust interest rate, they manipulate currency. That at least contribute a significant part of it, not entirely.
Maybe ur country is printing money behind your back. You go overthrow your govt 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂.
printing money will have more currency in circulation, which might most probably lead to devaluation of the currency
Singapore Dollar is Strong because The Singapore Government choke full of UST Bonds to the tune of Trillions USD.
Singapore currency powerful is because of the Sin there
If you Sin you must got power
If you dont have power you cannot Sin