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How Singapore's MAS Uses the Exchange Rate
3:17 · 8 chapters · Forex lessons, part 102
What you'll learn
Singapore's central bank sets no interest rate: it steers the currency instead. Here's how the MAS band works and what it means for USD/SGD.
Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.
- Key point 1
- Why Singapore uses the exchange rate instead of an interest rate
- Key point 2
- What the S$NEER basket and the undisclosed band are
- Key point 3
- How changes to the slope, width and mid-point signal tightening or easing
- Key point 4
- Why USD/SGD also follows the broad US dollar
- Key point 5
- When MAS reviews policy and what to read in each statement
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
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