The Singapore dollar was the only Asian currency to appreciate against the US dollar in 2022. Photo: Shutterstock
The Singapore dollar was the only Asian currency to appreciate against the US dollar in 2022. Photo: Shutterstock
Singapore

Singapore dollar goes toe to toe with Thai baht in tussle to be best regional currency

  • An influx of Chinese tourists is set to power Thailand’s baht, as analysts say the Singapore dollar ‘should remain resilient’ after policy tightening
  • It comes as Indonesia’s rupiah, the Philippines’ peso and Malaysia’s ringgit all look to be beset with negatives in 2023

The Singapore dollar was the only Asian currency to appreciate against the US dollar in 2022. Photo: Shutterstock
The Singapore dollar was the only Asian currency to appreciate against the US dollar in 2022. Photo: Shutterstock
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