The Singapore dollar is a new benchmark?

To successfully conduct business, to do business and commerce, it is necessary to show flexibility of mind and to seek new ways of solving certain problems. In our time - the age of new technologies and opportunities - to interact with new sources of income unknown earlier, only a lazy businessman will not look for some or other ways to develop his business, which could bring it to a new level. An ambitious person will always find the option that best meets the needs of the business.

Working with not very well-known currencies (and the Singapore dollar is one of them) is not enough "popular" for our entrepreneurs - one of the ways to make your deposits reliable, protecting them from the majority of unavoidable risks. Still, most of the exchange rates rely on world monetary units, while the least common of them remain stable.

One of the Asian countries, whose currencies are becoming more attractive, is Singapore. It is a city-state with a rather uneasy economic history. Initially, the official money of the country was the so-called "dollar of the Straits". After long vicissitudes with the use of Malay dollars and Borneo, Singapore finally issued its own currency, which is known as the Singapore dollar.

After gaining independence in the middle of the twentieth century, the country was so poor that it had to buy even fresh water. Yes, and the rate of the Singapore dollar was at a very low level. However, the encouragement of foreign investors and the severe full-scale fight against corruption have done their job and transformed the state in a few decades into one of the most prosperous countries in Asia, whose economy is based on high-tech electronics production, close cooperation with the largest corporations and cooperation with a large number of international partners. Not surprisingly, the Singapore dollar is very stable and profitable at the exchange rate of the currency. Therefore, it is quite attractive for Russian entrepreneurs. After all, the rate of the Singapore dollar to the ruble is very convenient for our businessmen.

At this point in time, the currency of this Asian tiger is approaching the indicators of the world's leading financial countries. For 1 Singapore dollar give more than 80 cents of American currency. This, of course, is not an accident. The country has an excellent predisposition to large investment flows, its own transnational corporations and low taxation, along with low corruption and attractive conditions for foreign partners, which are attracted by the simplicity and intelligibility of economic legislation that strengthens the result of the Singapore dollar.

Is it safe to invest money in this currency? Practice says that yes, there are no problems with investments. And it's not that there are no economic crises in Singapore. On the contrary, in 2001, the difficult situation in production significantly weakened the country's economy. But she managed to overcome this situation, and this is the main thing. In addition, the Singapore dollar is included in the list of currencies, the rate of which the Bank of Russia sets daily, which facilitates all kinds of operations with it.