Asia’s Inflation Battle Creates Currency Buying Opportunities
From Singapore to South Korea, central banks have let exchange rates climb. Asian countries are using what’s called a managed float, in which central banks intervene to preserve orderly movements of their currencies and prevent excessive volatility.
Charles Wallace
May 26, 2011
Singapore banknotes and coins are arranged for a photograph in Singapore, on Wednesday, Oct. 13, 2010. Singapore's economy contracted last quarter as manufacturing eased, and the central bank said it will widen the range its currency can trade in to absorb greater volatility in global financial markets. Photographer: Munshi Ahmed/Bloomberg
Munshi Ahmed/Bloomberg
