Real Broad Effective Exchange Rate for Singapore
RBSGBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.24
Year-over-Year Change
0.45%
Date Range
1/1/1994 - 6/1/2025
Summary
The Real Broad Effective Exchange Rate for Singapore measures the strength of the Singapore dollar relative to a trade-weighted basket of currencies. It is a key indicator of Singapore's international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Broad Effective Exchange Rate for Singapore tracks the value of the Singapore dollar against a weighted average of the currencies of its major trading partners, adjusting for inflation. It provides insight into the country's export and import dynamics.
Methodology
The data is calculated by the Bank for International Settlements using trade weights and price indices.
Historical Context
Policymakers and analysts monitor this exchange rate to assess Singapore's economic performance and trade position.
Key Facts
- Singapore is a major global trading hub.
- The Singapore dollar is one of the most traded currencies in the world.
- Exchange rate movements impact Singapore's import and export activities.
FAQs
Q: What does this economic trend measure?
A: The Real Broad Effective Exchange Rate for Singapore measures the strength of the Singapore dollar relative to a trade-weighted basket of currencies.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is a key indicator of Singapore's international competitiveness and can provide insights into the country's trade dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using trade weights and price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this exchange rate to assess Singapore's economic performance and trade position.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bank for International Settlements and is considered a reliable and comprehensive measure of Singapore's exchange rate dynamics.
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Citation
U.S. Federal Reserve, Real Broad Effective Exchange Rate for Singapore (RBSGBIS), retrieved from FRED.