laitimes

The exchange rate of the Singapore currency against the yuan fell off a cliff, as low as 5.3X!

Today (October 7), the exchange rate of the Singapore dollar against the Chinese yuan fell sharply to 5.38!

The exchange rate of the Singapore currency against the yuan fell off a cliff, as low as 5.3X!

This precipitous decline began on October 4 and has not yet picked up.

The exchange rate of the Singapore currency against the yuan fell off a cliff, as low as 5.3X!

The exchange rate of the Singapore dollar against the renminbi has risen steadily from 5.16 in April to 5.47 in October, thinking that it will once fall to 5.5!

The exchange rate of the Singapore currency against the yuan fell off a cliff, as low as 5.3X!

In a recent monetary policy statement by the Monetary Authority of Singapore, the HKMA announced that it would keep monetary policy unchanged, indicating that the Singapore dollar will continue to appreciate.

At that time, an interviewed analyst pointed out that the Singapore dollar against the yuan is expected to hit a new high in the second half of the year, and it is difficult to reproduce 1 to 5 in the short term.

This wave of exchange rate decline is believed to be related to the current round of changes in China's stock market.

The exchange rate of the Singapore currency against the yuan fell off a cliff, as low as 5.3X!

A falling exchange rate is not necessarily a good thing for Chinese working in Singapore, as it means they can exchange more Singapore dollars for less yuan. There is a constant demand for remittances between China and Singapore, so everyone should pay attention to the safety of remittance and choose formal institutions.

CH丨Edit

HQ丨Editor

Network collation data丨Source

Network collation data丨Image source

1. The copyright of all works on this website that indicates the type of article as "original" belongs to Nanyang and Singapore Eye. Other media, websites or individuals must indicate when reprinting and using: "Article source: Singapore Eye".

2. All works indicated on this website as "reprinted" and "compiled" are reprinted or compiled from other media, for the purpose of delivering more valuable information, and it does not mean that this official account agrees with its views and is responsible for its authenticity.

Read on