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YTD movement of major ASEAN currency pairs

THB-MYR-SGD trio strengthens against USD since beginning 2017. Philippine Peso weakest amongst major ASEAN currencies. Indonesian Rupiah looks ‘pegged’ to USD. Malaysian Ringgit weakening against SGD temporarily over.

 

Major ASEAN currencies beginning 2017 to present

THB – MYR – SGD trio strengthening against the USD year-to-date. PHP weakest.

Major ASEAN currency pairs overlay beginning of 2017 till date

USDTHB, USDMYR, USDSGD, USDIDR, USDPHP overlay beginning of 2017 till date

 

Indonesian Rupiah appears ‘managed’ to a USD ‘peg’ since last December.

USDIDR since Oct 2016

USDIDR since Oct 2016

 

SingDollar and Thai Baht shows high level of positive correlation with a slight strengthening in the Baht since Q4 last year.

USDTHB, USDSGD overlay from mid-2015 till present

USDTHB, USDSGD overlay from mid-2015 till present

 

For Malaysians and Singaporeans crossing the Causeway/Second Link regularly, Ringgit weakening against SGD appears to be over for now.

SGDMYR overlay mid-2015 to present

SGDMYR overlay mid-2015 to present

Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’.

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