Artificial Intelligence Bank Currency Dollar Finance Import Indonesia Investment Iran Japan Middle East Oil Singapore South Korea Taiwan War
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 Japanese yen on Sunday, compared with 121.93 yen per Singapore dollar on Jan 1. The local currency also has been able to buy record amounts of South Korean won and New Taiwan dollars…
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