USD/SGD seen at 1.30 by end-2024 – ANZ

Economists at ANZ Bank expect the SGD to trade at 1.30 against the US Dollar by the end of the next year.

Monetary Authority of Singapore will likely keep policy tight for most of 2024

While the Monetary Authority of Singapore will likely keep policy tight for most of 2024, there is a limit to how much SGD can appreciate because the S$NEER is currently trading at the upper bound of the policy band. 

We see the USD/SGD pair at 1.30 by year-end 2024.