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USDSGD United States Dollar vs Singapore Dollar

1.3466
0.00 (0.00%)
24 Nov 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
United States Dollar vs Singapore Dollar FX:USDSGD Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 1.3466 1.3461 1.3471 0 00:00:00

Singapore Dollar Rises To 2-day High Vs. U.S. Dollar After Unemployment Data

28/04/2023 1:52am

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US Dollar vs SGD (FX:USDSGD)
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From Nov 2022 to Nov 2024

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The Singapore dollar strengthened against the U.S. dollar in the early Asian session on Friday, after data showed that Singapore's seasonally adjusted unemployment rate dropped to an eight-year low in the first quarter of 2023.

Flash data from Ministry of Manpower Singapore showed that the nation's seasonally adjusted unemployment rate slid to 1.8 percent in the first quarter of 2023 from 2.0 percent in the fourth quarter. The unemployment rate reached its highest, since the first quarter of 2015.

Around 4,000 workers were laid off in the first quarter of 2023, up from 2,990 workers in the previous quarter.

The Singapore dollar rose to a 2-day high of 1.3333 against the U.S. dollar, from yesterday's closing value of 1.3348.

If the Singapore dollar extends its uptrend, it is likely to find resistance around the 1.31 area.

1 Year US Dollar vs SGD Chart

1 Year US Dollar vs SGD Chart

1 Month US Dollar vs SGD Chart

1 Month US Dollar vs SGD Chart

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