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Economics Tuition: To what extent is the policy of gradual appreciation of the Singapore Dollar (SGD) always a desirable approach to maintain economic stability in Singapore? Using macroeconomic policies to achieve economic stability in a small and open economy To what extent is the...

Economics Tuition: Explain how the Monetary Authority of Singapore uses the managed-float exchange rate system to regulate the exchange rate

The Monetary Authority of Singapore (MAS) adopts a managed-float exchange rate system, which requires direct government intervention in the foreign exchange...

Foreign Exchange

H2 Economics Only

Foreign exchange, is also known as forex to many and is the exchange of currency of one country to another. Such exchanges are usually influenced by the global market which determines the strength of a particular currency. During examinations, students must understand how the foreign exchange market works and the factors that give rise to a change in value of a particular country’s currency.