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Lawrence Wong Rejects Moves to Weaken Singapore Dollar

By Drooid · Oct 13, 2026, 4:23 PM UTC · How we work

Summary

Story summary

Prime Minister Lawrence Wong rejected proposals to weaken the Singapore dollar.
He said a strong, stable currency supports fundamentals and keeps imported inflation low.
He affirmed MAS will manage the exchange rate using a basket of trading-partner currencies.
The Singapore dollar has risen about 0.4% against the U.S. dollar since the start of the year.
He said exporters must factor currency strength alongside Singapore’s other operating costs.

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Story summary

Prime Minister Lawrence Wong rejected proposals to weaken the Singapore dollar.
He said a strong, stable currency supports fundamentals and keeps imported inflation low.
He affirmed MAS will manage the exchange rate using a basket of trading-partner currencies.
The Singapore dollar has risen about 0.4% against the U.S. dollar since the start of the year.
He said exporters must factor currency strength alongside Singapore’s other operating costs.