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Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

Singapore Dollar/Japanese Yen •SGDJPY•

About

SGDJPY

The SGDJPY is the Forex quote for the Singapore dollar versus the Japanese Yen. Singapore has a highly developed and successful free-market economy. It has one of the most competitive economies in the world. The Singapore dollar is allowed to fluctuate within an undisclosed policy band which is monitored by the Monetary Authority of Singapore. The economy relies largely on the export of consumer electronics, information technology products, pharmaceuticals, and financial services. Japan, on the other hand, has a slower economic growth. It keeps interest rates at near-zero (lower-yielding currency), making JPY a popular carry trade currency against other higher-yielding currencies. The currency pair offers a contrast between the two economies it represents.

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