I didn't say so. Bloomberg says so... or more accurately, the analysts quoted by Bloomberg says so. 

Errm yes, gradual appreciating policy. But how much gradual is "gradual" is a very subjective matter. From 1982 onwards yes. But from 2015 onwards maybe sideways is a better description?



A lot has to do with global inflation and interest rate levels. History and geopolitical outlooks matter too. Singapore is already a very land-constrained country. Unless UHNWIs keep hiding money and washing money there, there is not much source of demand for SGD to appreciate. SG government is running on very tight budget, so not much fiscal surplus available to boost SGD from within SG.

USD now 4.1435 crazy low.. Leng mou