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From sashimi to Toyota: How currency changes affect Singaporeans

A weaker Singapore dollar has small effects on imported food prices, but larger effects on food and machinery exports

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Q How does a weaker Singapore dollar affect households and companies?

A In its latest monetary policy statement, Singapore's central bank eased its policy stance by allowing for a weaker exchange rate. This is in the light of the strong economic headwinds triggered by the Covid-19 pandemic.

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A version of this article appeared in the print edition of The Straits Times on September 15, 2020, with the headline From sashimi to Toyota: How currency changes affect Singaporeans. Subscribe