Commerzbank’s currency analysts note that Singapore’s 2026 budget places an emphasis on supply-side support, SME internationalization and capital market development, including up-to-date financing for the Equity Market Development Program and the Anchor Fund. The Singapore dollar is outperforming most Asian peers, with USD/SGD nearing a 10-year low and the Straits Times Index hitting record highs.
Fiscal support and good currency performance
“Prime Minister Lawrence Wong yesterday presented Budget 2026, focusing on supply-side support and capital market development.”
“On the foreign exchange front, USD-SGD was little changed yesterday at 1.2630.”
“The pair is nearing a 10-year low of 1.2580.”
“SGD is the second best performing Asian currency this year, after MYR (+4.0%) and THB (+1.9%).”
“YTD, SGD is up 1.8% against USD.”
(This article was created with the lend a hand of an artificial intelligence tool and has been reviewed by an editor.)
