Singapore is often touted as an economic miracle and the strength of the SGD is testament to this. In case you did not know, Singapore issued its first notes and coins in 1967, at par with the Malaysian Ringgit. And then this happened: Accessed using Google Finance on 14 Nov 2022 If you were a Malaysian holding onto SGD all the way for the past 55 years, you would have made a 2% annualised return just from currency appreciation alone. Not bad, isn’t it? In 2022, with the US Fed Reserve increasing interest rates, many countries’ currencies have depreciated considerably, with SGD being a notable exception. With most countries opening up after the pandemic, many Singaporeans have taken advantage of the strong SGD to travel to destinations like Malaysia, Australia and Japan. However, despite the strength of SGD, there are still at least 5 currencies that outperformed it. Here is the list:

1. Russian Ruble

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