Singapore Treasury Holdings in 2015
Singapore Treasury Holdings opened 2015 at $110B and closed at $110B, a +0.55% move for the year. The high of $123B was reached on September 30, and the low of $108B on November 30.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $110B | $110B | $110B | $110B | +0.00% |
| Feb | $110B | $110B | $110B | $110B | +0.00% |
| Mar | $111B | $111B | $111B | $111B | +0.00% |
| Apr | $110B | $110B | $110B | $110B | +0.00% |
| May | $110B | $110B | $110B | $110B | +0.00% |
| Jun | $114B | $114B | $114B | $114B | +0.00% |
| Jul | $113B | $113B | $113B | $113B | +0.00% |
| Aug | $116B | $116B | $116B | $116B | +0.00% |
| Sep | $123B | $123B | $123B | $123B | +0.00% |
| Oct | $112B | $112B | $112B | $112B | +0.00% |
| Nov | $108B | $108B | $108B | $108B | +0.00% |
| Dec | $110B | $110B | $110B | $110B | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.