The Singapore dollar exhibits characteristics of a safe-haven currency, but it still cannot replace the yen or the Swiss franc.

Jin10 data reported on July 21, according to foreign media, during uncertain times, investors are turning to safe-haven assets, including gold, US Treasury bonds, and currencies such as the yen, dollar, and Swiss franc. Although the dollar remains the preferred world reserve currency, it has been weakening. The dollar index has fallen more than 9% so far this year. Concerns about trade have cast a shadow over the prospects for the yen. Against this backdrop, analysts believe another option may emerge: the Singapore dollar. Experts point out that the volatility of the Singapore dollar is very low, Singapore has shown a cautious fiscal stance, and its economy is quite stable. However, Singapore’s currency management approach limits large-scale Position trading. Experts still believe the euro could become the next safe-haven currency on par with the Swiss franc.