IMF’s GDP Forecast of 2030 GDP by Country, page-14

This represents my 1 cent opinion on this subject.

To my understanding, both currencies have fallen in relation to the US dollar, which implies that our dollar has fallen more than theirs, a fact that maybe related to our dollar being directly affected by the ups and downs of the commodity prices, leading it to be called a commodity currency.

Singaporean economy is smaller than ours and therefore more susceptible to being affected more than ours by larger than usual capital movements.

Singapore Absorbs Chinese Capital – The Diplomat



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