EURSGDآن لائن زر مبادلہ کی شرح

The EUR/SGD currency pair is the cross rate against the U.S. dollar. There is no U.S. dollar in this currency pair, but the euro and the Singapore dollar are under its great influence. To make it clear, just combine EUR/USD and USD/SGD charts in the same price chart, and you will get the approximate EUR/SGD chart.

The U.S. dollar extends an enormous influence over both currencies. So for better prediction of the future rate movement of this currency pair, you should consider the main indicators of the U.S. economy. There are such indicators as the interest rate, GDP, unemployment, new workplaces indicator and many others. Remember that the currencies listed above may react in a different way to the changes in the economic situation of the U.S.A.

This pair is not a very popular one on Forex market. Moreover, its rate fluctuation is not large. Currently, the Singapore dollar is one of the most stable currencies in the world. The country's economy is characterized by very low inflation, predominance of exports over imports, and high living standards. Furthermore, the country possesses the large foreign exchange reserves.

Singapore is industrial and economically developed country, which has a great advantage of its geographical location at the crossroads of the main shipping routes. Thanks to this location Singapore can actively trade with all the most developed countries in the world. Singapore exports home electronics and information technology products, pharmaceuticals, and shipbuilding products. Thus, export hardly affects both economy of the country and its national currency. Besides, Singapore provides financial services.

Singapore belongs to group of the four most developed countries in Asia, that is also known as "Asian tigers" or “Asian dragons”. The rapid development of its economy allows the country to get the same level of economic growth as the most developed countries like the U.S.A., Germany, France, Great Britain, etc.

Comparing to the major currency pairs such as EUR/USD, USD/CHF, GBP/USD and USD/JPY, this one is relatively illiquid. So when you make a prognosis of the future pair movement, you should pay special attention to the currency pairs that consist of the euro and the Singapore dollar in tandem with the U.S. dollar.

Keep in mind that spread for this cross currency pair can be higher than for more popular ones. So before you start dealing with the cross rates, learn carefully the broker’s conditions for this specified trade instrument.