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SOR reflects the cost of borrowing SGD synthetically by borrowing USD and subsequently "swapping" to SGD by using an FX Swap. It is an alternative to Singapore Interbank Offered Rate (SIBOR) which is a measure of the interbank money market rates. [1] As of December 2018, SOR is measured and published periods of overnight, 1 month, 3 month, and ...
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Value and Port of Singapore: 1 dollar: 24.65 mm: 2.50 mm: 7.62 g: Bi-metallic plating consisting of a brass-plated ring with a nickel-plated centre plug: Reeded: Coat of arms of Singapore, "Singapore" in 4 official languages: Value, The Merlion and a laser mark micro engraving of the Vanda Miss Joaquim: 25 June 2013
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
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The currencies of most developed countries have floating exchange rates. These currencies do not have fixed values but, rather, values that fluctuate relative to other currencies. The interbank market is an important segment of the foreign exchange market. It is a wholesale market through which most currency transactions are channeled.
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