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SGDKRW

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1d
1w
1m

Analysis and statistics

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About

SGDKRW.FOREX refers to the exchange rate between the Singapore Dollar (SGD) and the South Korean Won (KRW) in the foreign exchange market. It represents the value of one Singapore Dollar in terms of South Korean Won. This is a common currency pair tracked by financial institutions, investors, and individuals involved in international trade and investment between Singapore and South Korea. The exchange rate fluctuates based on various economic factors in both countries, including interest rates, inflation, trade balances, and overall economic growth.

Factors

Singapore's Economy: Strong economic performance in Singapore generally strengthens the SGD.

South Korea's Economy: Weakness in the South Korean economy often weakens the KRW.

Interest Rate Differentials: Higher Singapore interest rates attract capital, strengthening SGD.

Global Risk Sentiment: Risk aversion usually benefits safe-haven currencies like the USD, impacting both SGD and KRW.

Trade Balance: A trade surplus in Singapore strengthens the SGD; a deficit weakens it. Similarly for Korea.

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