CNA Explains: Why the Singdollar is hitting record highs against some Asian currencies amid Iran war

Știință și Tehnologie

The Singapore dollar is seen as a safe haven during uncertain times. SINGAPORE: The Singapore dollar has hit record highs against several Asian currencies this month. This is despite currencies of energy-importing countries mostly declining amid the ongoing Middle East conflict. At its peak on Thursday (Apr 16),  S$1 could buy 13,562 Indonesian rupiah, according to data provider LSEG. That figure was less than 13,000 rupiah at the start of the year. Similarly,  S$1 was able to buy 125.34