The recent financial rout in the commodity and currency market has resulted in volatility in the financial market. No longer are businesses whether large or small immune to the spillover effects of external influences on domestic businesses operation.
Positive Currency fluctuation effects on businesses
Based on the latest The World Bank data on countries' export of goods and services as a percentage of GDP, Singapore's percentage in 2014 was at 187.6%1. As a small city-state economy, we have to think of the world as our "oasis".
Tagged in:
Business environment
Commodity and currency markets
Cost saving
Currency risk
Current dynamic business environment
Effects of currency fluctuation on businesses
Foreign exchange markets
Foundation in business
Geographical proximity
Nature of business operation
Singapore domestic businesses
Small medium enterprise SME
Spillover effects of external influences
Volatility in financial markets