About Usdsgd and Usdsgd Trading
What type of currency pair is USD/SGD?
The USD/SGD is an exotic currency pair, as it contains a significant currency (USD – the U.S Dollar) and an emerging currency (SGD – the Singapore Dollar).
The Singapore Dollar is the quote currency, while the USD is the base currency. The USD/SGD currency pair shows traders how much the USD is worth when compared to the SGD.
What drives the USD/SGD pair price?
The USD/SGD pair fluctuates depending on different factors such as supply and demand, interest rates, political stability, and economic growth.
Apart from those factors, traders should take into account that the Singapore Dollar serves as a speculative investment haven due to the country's high-interest rates, and significant economic potential. For these reasons and others, the Singapore dollar could be regarded as an emerging currency,
How can you trade the USD/SGD currency pair?
At CAPEX.com, you can follow the USD/SGD news and analysis to trade on the price movements of this currency pair through CFDs. If you think that prices will go up, you can open a long position (BUY). If you believe prices will decrease, you can open a short position (SELL).
Here at CAPEX.com, you can trade the USD/SGD pair from Sunday to Friday, between 21:05-20:55 GMT.