Jefferies Group analysts believe that the Singapore dollar could appreciate to parity with the US dollar within the next five years. The group's strategist, Christopher Wood, wrote in his 'Greed and Fear' newsletter that since the Federal Reserve began raising interest rates in March 2022, the Singapore dollar has appreciated against almost all major currencies, confirming its status as the 'Swiss franc of Asia.' Wood stated that Singapore's bond yields remain attractive to conservative funds focused on wealth preservation. From a five-year perspective, expecting the Singapore dollar to reach parity with the US dollar is not far-fetched, which means the Singapore dollar would appreciate by 28%. So far this year, the Singapore dollar has risen by more than 6% against the US dollar.