£1 to S$1.59: Pound falls to historic low against S'pore dollar
The pound has fallen to a historic low against the Singapore dollar.
The exchange rate on Sep. 22, 2022 hit a low of £1 to S$1.594, before recovering slightly.
Value of pound fell the past year
The pound has been falling against the Singapore dollar the past year, following precipitous dips in August 2019 and March 2020, that saw swift rallies.
Overall, the pound has fallen 12.86 per cent against the Singapore dollar in the past 12 months, in tandem with the pound performing poorly against the US dollar.
The pound has fallen 16.75 per cent against the US dollar in the past year -- from US$1.361 to US$1.133 -- and is at the lowest level against the dollar since 1985.
This is the first time the pound had fallen below the US$1.14 mark in nearly four decades.
The pound has fallen by more than 47 per cent against the Singapore dollar over the last 15 years.
In September 2007, £1 was S$3.03. Read More…
