The SGD NEER is currently around +0.23% above its perceived parity.
OCBC Treasury Research noted:
The SGD NEER is currently around +0.23% above its perceived parity (1.2640). At current levels, the extreme strong end of the NEER fluctuation band is estimated at 1.2390, while the corresponding extreme weak end is estimated at 1.2900. Intra-day, expect USD-SGD to bounce around in a 1.2550-1.2650 range.
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