Singapore Dollar hits all time high against ringgit

The Singapore dollar hit an all-time high against the Malaysian ringgit on 23rd May, Channel News Asia (CNA) reported.

据亚洲新闻频道（CNA）报道，5 月 23 日新加坡元兑马来西亚林吉特创下历史新高。

The Singapore dollar reached a record high of RM3.1964 at 1.48 pm on 23rd May, largely due to strength in the Singapore dollar, before easing to RM3.1950 later in the day, the news portal said, quoting head of FX analysis at MonFX Simon Harvey.

该新闻门户网站援引 MonFX 外汇分析主管 Simon Harvey 的话说，新加坡元在5 月 23 日下午 1.48 点达到创纪录的 3.1964 令吉，这主要是由于新加坡元走强，随后在当天晚些时候回落至 3.1950 令吉。

“There wasn’t one individual headline catching event, but instead the technicalities of Singapore’s monetary policy that created this all-time high,“ he was quoted as saying,” he said.

“没有一个单独的头条新闻引起关注，而是新加坡货币政策的技术性创造了这一历史新高，”他被引述说，“他说。

The FX analysis reportedly said sentiment around China also helped.

据报道，外汇分析称，围绕中国的情绪也有所帮助。

Harvey said news that US President Joe Biden was weighing cutting tariffs on Chinese goods helped lift the yuan to its highest since 5th May.

Harvey表示，美国总统Joe Biden正在考虑对中国商品征收关税的消息帮助人民币升至 5 月 5 日以来的最高水平。

“With the yuan holding the largest share in Singapore’s S$NEER basket, the rally in yuan dragged Singapore dollar higher too as currency traders looked to offset the depreciation in the Singapore dollar relative to yuan with other currencies.

“由于人民币在新加坡的 S$NEER 篮子中占有最大份额，人民币的上涨也拖累了新加坡元走高，因为外汇交易员希望抵消新加坡元相对于其他货币的人民币贬值。

“This saw Singapore dollar strengthened against other major trade partners, including US dollar (+0.49%), Malaysian ringgit (+0.13%), Hong Kong dollar (+0.47%) and Japanese yen (+0.05 %), such that the S$NEER exchange rate continued to drive higher in line with (Monetary Authority of Singapore - MAS’s) preference,” he said.

“这看到新加坡元兑其他主要贸易伙伴走强，包括美元（+0.49%）、马来西亚林吉特（+0.13%）、港元（+0.47%）和日元（+0.05%），因此，新元名义有效汇率的汇率继续走高，符合（新加坡金融管理局 - MAS）的偏好，”他说。

MAS, the republic’s central bank, formulates monetary policy by setting a path for the S$NEER - Singapore dollar nominal effective exchange rate - policy band to ensure price stability in the medium term.

MAS 是共和国的中央银行，通过为 S$NEER（新加坡元名义有效汇率）政策区间设定路径来制定货币政策，以确保中期价格稳定。

Singapore has tightened its monetary policy stance in April 2022, which builds on the policy moves in October 2021 and January 2022, aiming to slow the inflation momentum and help ensure medium-term price stability.

新加坡在 2021 年 10 月和 2022 年 1 月的政策举措基础上于 2022 年 4 月收紧货币政策立场，旨在减缓通胀势头并帮助确保中期物价稳定。

It was announced on 23rd May that MAS Core Inflation rose to 3.3% on a year-on-year (y-o-y) basis in April 2022 from 2.9% in March, driven by higher inflation for food, retail & other goods, as well as electricity & gas.

5月23日宣布，由于食品、零售和其他商品以及电力和天然气的通胀率上升，2022 年 4 月 MAS 的核心通胀率从 3 月份的 2.9% 上升至 3.3% 。

The jumped in April was reportedly the highest level since February 2012.

据报道，4 月份的涨幅是自 2012 年 2 月以来的最高水平。