The Singaporean government has opted for a tighter monetary policy
because they are offering bonds worth $24 Billion. I'm used to superlatives, BUT a $24 Billion bond issue?!. Its as if the government went around its own banks and is offering a product itself. SGD will strengthen because of Singapore's strategic business location, good business environment, and as a result of a tighter policy - restricting currency. Most indicators point to the SGD strengethening long-term.