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Thinking of trading CHFSGD?

    1. Assuming no serious escalation in trade tensions between the US and China, nor a major downturn in the global economy, either of which could be a hammer blow to a trade-dependent country like Singapore, the Singapore dollar will likely appreciate further in the year ahead. 2. In a recent Bloomberg survey, experts said that the Singapore dollar would be the best performing Asian currency this year, and one of only 4 Asian currencies to increase in value relative to the US dollar. 3. Against what should be the worst performing Asian currencies, the Indonesian rupiah, the Thai baht and the Philippine peso, significant Singapore dollar appreciation can be expected.
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CHF/SGD is an exchange rate that specifies how many SGD (Singapore dollar) can be converted into one CHF (Swiss Franc), therefore the base currency is CHF and the price currency is SGD. If this rate declines, it means that SGD appreciates relative to CHF and if this rate increases it means that the SGD depreciates against the CHF.The Swiss Franc (base currency) has a reputation for being a safe haven or hard currency; it is often purchased during financial uncertainty due to its reliability and stability. Regularly used as a global reserve currency, the Swiss Franc is the sixth most traded currency in the world. All CHF banknotes feature the four national languages of Switzerland: Germany, Romansh, French, and Italian.

1. The largest component of Singapore's exports is electrical, electronic equipment whereas Switzerland's largest export components are pearls, precious stones, metals, coins. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair. 2. There are many macroeconomic factors/events (fundamentals) that affect CHF/SGD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks.