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Singapore's September exports rise 2.7% y/y, less than forecast​

By Reuters
October 17, 20249:17 AM GMT+8Updated 4 days ago



A container ship arrives in a port in Singapore




Item 1 of 2 A container ship arrives in a port in Singapore June 28, 2017. REUTERS/Darren Whiteside/File Photo
[1/2]A container ship arrives in a port in Singapore June 28, 2017. REUTERS/Darren Whiteside/File Photo Purchase Licensing Rights, opens new tab

SINGAPORE, Oct 17 (Reuters) - Singapore's non-oil domestic exports rose 2.7% in September from the same month a year earlier, data on Thursday showed, supported by growth in electronic and non-electronic products.
The rise compared with a Reuters poll forecast of a 9.3% increase, and the 10.7% growth seen in August.
On a month-on-month seasonally adjusted basis, non-oil domestic exports rose 1.1% in September, following a 4.7% contraction in August. Analysts had expected a 4.9% rise.



Enterprise Singapore said shipments of electronic products rose 4% in September from a year earlier, while non-electronic products were up 2.3%.
Among major export markets, shipments to the European Union, Indonesia and South Korea rose strongly, while there were declines in sales to the United States, Japan and Hong Kong.
 

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Understanding Foreign Exchange Rates: 2024 Guide for Singaporeans​

Caleb Leong
Fri, 18 October 2024 at 6:28 PM SGT11-min read

understanding foreign exchange rates guide for singaporeans

understanding foreign exchange rates guide for singaporeans
Foreign exchange rates might seem like a topic for Wall Street, but in Singapore, they’re closer to home than you’d expect. The strength of the Singapore Dollar (SGD) directly impacts the cost of your everyday purchases.
When the SGD is strong, imported goods become cheaper, helping to keep inflation in check. On the flip side, a weaker SGD can drive up prices, affecting everything from groceries to gadgets. Even if you’re not trading currencies, their fluctuations are quietly influencing your spending power every time you shop.
Given that Singapore’s economy relies heavily on international trade—over 300% of its GDP—any shift in currency rates sends ripples across the entire economy. Whether you’re investing, travelling, or shopping online, knowing how these rates work is key to making informed consumer decisions in our connected economy.
 
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