TWD/SGD Price & Performance (TWDSGD)

The Taiwan dollar (TWD) is holding steady against major currencies, with export orders surging 31.1% year-on-year in February. This increase contrasts with a previous decline of 3%, reflecting strong demand for Taiwanese goods. The central bank is expected to maintain its current monetary policy stance, avoiding rate cuts for now.12

The Singapore dollar (SGD) is showing signs of weakness as slower global trade impacts its performance. Core inflation in Singapore dropped to a three-year low of 0.8% in January, increasing speculation of monetary policy easing by the central bank. Analysts expect the SGD to depreciate further against the USD.34

Asian currencies are experiencing mixed movements against the US dollar. Bearish bets on the Chinese yuan and South Korean won have eased, while the Philippine peso has gained bullish traction. Meanwhile, the Taiwan dollar remains stable, closely tracking broader USD trends, with limited domestic catalysts influencing its performance.14