News Blog » Sudden Devaluation of Singapore Dollars

Sudden Devaluation of Singapore Dollars

On 10 Dec 2009, a major Singapore based news portal wrote "The blue-chip Straits Times Index fell 15.35 points to 2,781.86 of 1.59 billion shares worth $1.41 billion (US1.01 million)." Working backwards, every US Dollar is will give you 1,396 Singapore Dollars. Amazing!!! If you are holding US Dollars, don't rush to the money changer as yet. It could be a typo error on the part of the editor.
Oops

Updated On: 09.12.10