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Analyze the recent exchange rate of Singapore dollar against RMB.
The Singapore dollar closed slightly higher on Tuesday, following the trend of other Asia-Pacific currencies. The uncertainty of Singapore's economic prospects led to a serious decline in the Singapore dollar, mainly because investors made profits to cover short positions in the US dollar. Investors are also wary of possible intervention and may bottom out in the adjustment. If you don't have much money, you can change it if you study abroad. I hope it helps you.