With increased disclosure in Switzerland, Singapore has become the new global center of hidden money and a favored tax haven. As income inequality increases along with the increased rates and enforcement of taxation, foreign capital inflows will continue to increase in Singapore that puts upward pressure on the currency. Singapore also has an 18%.6 current account surplus and has been the greatest beneficiary of the growth of Asian economies and Asian tourism. As seen in the chart, the Singapore dollar has one of the most stable paths of appreciation against the U.S. dollar of any currency.