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Thinking of trading NZDSGD?

    1. The economy of Singapore is a trade-oriented one and it is very developed. Government-linked companies usually play a key role. 2. The oil industry contributes to Singapore's GDP. This has led to a boost for the nation's chemical industry as well as the manufacturing sector for the oil and gas equipment industries.
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Trading CFDs involves significant risk of loss

How would you like to trade NZDSGD?

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Trading involves risk of loss

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Trading involves risk of loss

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Trading involves risk of loss

Singapore dollar is the official currency of Singapore. It's usually abbreviated with the dollar sign, but as to avoid confusion, its sometimes abbreviated with S$. It is divided into 100 cents. The SGD is the 12th most traded currency in the world, by value, as of 2016.The New Zealand dollar is the official currency and has it's home in a number of countries.Those include New Zealand, naturally, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands.Introduced in 1967, The New Zealand dollar is year after year one of the ten most traded currencies in the world. Back in 2013, it made approximately 2. 0% of global foreign exchange market daily turnover.

1. Value of raw materials and natural resources can have a major effect on the currency since Singapore heavily relies on them for export. 2. Chemical, electronics and services also play a major role in determining the value of the SGD, since they too are important for exporting. 3. It's stability is limiting it's performance as a trading pair, since there are not a lot of profits to make. Day traders will have to search for the more volatile times so that they can cover wider spreads and potentiate their profits. 4.High interest rates from New Zealand, together with monetary policy decisions involving exports will affect this pair's price and direction. Also, you will have to keep an eye out for the performance of the countries with trade partnerships.