SGD/KRW - Singapore Dollar Korean Won

Real-time FX
  • Prev. Close:
  • Bid/Ask:
  • Day's Range:
    888.045 - 891.975
  • Type:Currency
  • Group:Exotic-Cross
  • Base:Singapore Dollar
  • Second:Korean Won

SGD/KRW Overview

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  • What's Changed In Emerging Markets?

    The US government shutdown and its impact on the economy and economic releases have pushed out Fed tapering expectations into 2014.There are growing signs that Korean officials may...

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Falling Three Methods1M
66Jul 16
Time Jan 25, 2022, 03:26 (GMT -5:00)
Tue, January 25, 2022
Wed, January 26, 2022

Central Banks

Current Rate0.06%
ChairmanTharman Shanmugaratnam
Current Rate1.25%
ChairmanLee Ju-yeol

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  • Bloomberg) JUL, 12TH, 2019  Singapore Gross domestic product in the export-reliant city state shrank an annualized 3.4% in the quarter from the first three months of the year. That compared with growth of 3.8% in the first quarter and forecasts for a 0.5% expansion in a Bloomberg survey of economists.
    • I am going to short Singapore$, but going to ong Korean Won due to US-China War:)
      • Singapore economic is getting slower and slower, cannot be sustainable against Korean at the current level, it will be down to the level of 795won level soon:) Bank of Korea will hike its rate:)
        • Indonesia financial situation is hitting hard and hard Singapore so badly. As you know that Indonesia is getting into national default situation, it will be in the default situation before end of 2018, based on its lack of foreign currency reserve:) Singapore banks have loaned multi-billionsUS$ to Indonesia esp Palm Industry etc:) And Indonesia has no money to pay back for the next decade:)
          • Long story, short, Singapore has no money and no economic growth engines.
            • Singapore has issued US$ 10yr bond based on huge yield 0.78% over US 10yr bond means that its financial stability is getting into problematic situation.
              • SINGAPORE (Reuters) - Singapore's economic growth eased in the second quarter and missed forecasts, preliminary data showed on Friday, as manufacturing activity cooled and worsening U.S.-China trade tensions clouded the outlook for the trade-reliant city-state...Gross domestic product grew 1.0 percent in the second quarter from the previous three months on an annualized and seasonally adjusted basis, the Ministry of Trade and Industry said on Friday, slower than the median forecast of 1.2 percent in a Reuters poll of economists and the downwardly revised 1.5 percent growth in the first quarter.
                • Buy S.Korean Won, and Japanese Yen against Singapore$, Aussie$, Ringgit, NZ$, H.K$ Yuan Euro etc:)
                  • BOK will raise its rate by 0.25% very soon July:) Indeed, it has no choice but hiking its rate, will make Won as a safe haven like Yen against Yuan, Singapore$, Aussie$, H.K$, NZ$, Euro etc because Korean economy is the largest supplying channel for the world economy. Regardless of trade - war between US and China, both of them have to import intermediate goods from S.Korean Corps which have manufacturing systems in the world:)
                    • Chinese Corps bankruptcy by 2nd Q of 2018 rate has been already surpassed the numbers of 2016, which were the biggest defaults companies nationwide in China. Buy Korean Won, Japanese Yen, US$ against Aussie$, TWD, H.K$, Singapore$, NZ$, and Euro!
                      • Sell Aussie$, Singapore$, NZ$, HK$, and Euro against Korean Won, the reason is that: . . In fact, the S.Korean domestic economy may be suffering from the holding interest rate by BOK due to increasing more and more goods from overseas esp oil and gas from US, Middle East and so on:) . . However, S.Korean companies such as LG Electronics, Samsung Electronics, S.K Hynix etc already became multi-national corps, means that they are free from the tension between China and USA as a great supplying channel unless China and USA both ban all of importing activities, means that US and China impose tariffs on both products not S.Korean goods esp intermediate products, which must be imported to manufacture complete products:). . As a matter of fact, the multi-national corps, mentioned above from S.Korea, will be the biggest winner as a great supplying channel as they have been in the world market since 2011yr:) . . However what about Aussie, NZ, H.K, Singapore etc? No Growth Engine for them:)
                        • Singapore has no more economic engines:)
                          • Buying Singapore$, and H.K$ against US$, Korean Won, Yen is totally insane. Singapore financial market is getting unstable based on rapid downturn of Singapore bond market, you must be very careful.
                            • You've got to be very careful in holding SGD, because its financial market looks like getting unstable based on Singapore bond market's down. . . If I were you, I would buy Yen, Won, US$ etc. Not Singapore$, H.K$, Aussie$, NZ$ NEVER!
                              • Singapore 10yr bond rate is about 40bp more than US10yr bond yield, that is totally insane. That means where you want to put your money into? Of course, US10yr bond rate is much more profitable than Singapore10yr bond.  That is natural thing that money -flow is running out of Singapore  into the US, or Korea etc:)
                                • Based on the articles from Bloomberg, CNBC, Wall St et, Singapore has been finacially becoming unstable since 2014. ..That is why, people living in Singapore pay more and more tax for its social welfare syste. Also, Foreign Direct Investment and IPO have been down drastically for the last 3-4years. ..Indeed, Singapore$ shows well their problems.
                                  • In fact, trans-shipment ports economies like Singapore and H.K are getting doomed, due to South Eastern countries growth esp Vietnam, Indonesia, Thailand and etc. ..Also, more and more shale gas and oils are coming directly from China through the Pacific Ocean. Indeed the numbers of oil tankers through Malacca Straits are drastically being down and down, and will be further down and down.
                                    • Singapore has no more economic growth engine. Its economy has been down and down:)
                                      • As a matter of fact, more and more shale gas and oils from the US into the top oil consumption countries like China, S.Korea, Japan through Pacific Ocean are coming. As a result, the oils from Middle East to those countries have been drastically down since 2015. That means Singapore and H.K no longer become oil hubs and financial hubs from now on and in coming future.
                                        • Singapore has no more economic growth engine except real estate. . . Singapore$, H.K, Aussie$, NZ$'s values are going down and down against S.Korean Won, Japanese Yen.
                                          • Sell Singapore$ Aussie$ NZ$ Canadian$ H.K$, buy S.Korean Won, Japanese Yen, Chinese Yuan:) . . For May, S.Korean exporting will be recorded high, it could be more than 15%. Its account surplus more than market expectation based on trading surplus and Korean corps investment everywhere:)
                                            • There are no other economic growth engines except property market for Singapore coming years. Singapore economic growth could be in negative territory coming years.
                                              • See? as I've said below that the Won will be going much stronger than Singapore in coming years. Now the Won will be in the range of 700 won level against not only Singapore$, but also Aussie$ due to economic fundamentals!
                                                • Singapore$ will be down and down just like Aussie$ due to its slower economic growth against Won, US$, Yen, RMB etc:) S.Korean Won will be a star for 2018:)
                                                  • Today, Singapore Government announced its growth outlook for 2018 again, however still too wide range (1.5%-3.5%) expectation means that Singapore economy growth in 2018 will be slower than its forecast:)
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