Quote:
Originally Posted by retirebatam
MAS tightens monetary policy for the fifth time in a year to dampen inflation on the 14 Oct 2022 and the sing dollar on that day appreciate from 10650 to 10850 rupiah. And today 20 Oct 2022 the exchange rate for sing dollar has further appreciate to 10930 rupiah. 
As reported in the news that USA is going to raise interest rate 2 more times by 0.75% each time, one time in november and another time in december to control their inflation. 
The expected result will be the world currency will devalue again against US dollar. Then if spore tighten policy or raise interest rate again, Sing dollar will again appreciate against the rupiah
and expected that the exchange rate of sing dollar probably by then will be more than 11500 rupiah or worst liao. 
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Quote:
Originally Posted by retirebatam
Breaking news
Economists anticipate that this week the US central bank going to raise interest rate again by 0.75% to control inflation in their country.
This in turn will strengthened the US dollar and exchange rate of all other currencies are expected to fall.
Whereas for the indonesian rupiah may devalue too but not as much as the ringgit, because last week bank indonesia has raise interest rate by 0.5% to support the rupiah.
Worst scenario is that rupiah may drop by few hundred rupiah per sing dollar.
On the other hand, spore central bank uses exchange rate as its main policy tool to counter imported inflation unlike bolehland.
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USD to SGD
If we look at the exchange rate history 3 months ago, USD$1 = S$1.37
Then over the next few weeks it has risen to the highest of USD$1 = S$1.439
Then until last few days see USD keep depreciating until today the exchange rate gone back again to USD$1 = S$1.37 (almost same as 3 months ago)
SGD to Rupiah
Similiarly few months ago the exchange rate is S$1 = 10516 rupiah
But when the exchange rate of USD against SGD has returned back to original exchange rate today, the rupiah did not return back to the rate of 10516 rupiah.
But instead it remains at S$1 = 11,372 rupiah which is a depreciation of about 850 rupiah per sing dollar after the 3 months period
According to news there will still be one more USA interest rate increase in December and the sing to rupiah exchange rate may hit 11500 as what I predicted few weeks ago.