USDSGD is a quotation that expresses the ratio of the US dollar to the Singapore dollar and is a exotic currency pair. The rate of this pair is influenced by various fundamental factors: the national currency of the United States depends on serious political events in the country, the Singapore dollar is affected by the current economic situation and the inflation rate. In connection with the low inflation inherent to the Singapore economy, the national currency of the state is one of the most stable world currencies. The Singapore economy is more export oriented: the country supplies household appliances and electronics, information technology products and products for shipbuilding. When trading USD/SGD currency pair, one should pay attention to the charts of such trading instruments as GBPUSD, EURUSD and USDJPY, which are in a way indicators of the movement of this pair. The properties of this currency pair include bhigh volatility and liquidity. In this connection, the USDSGD trade has a high profit potential in a relatively short time. The current quote of the US dollar to the Singapore dollar in real time is presented in the chart below.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.