Which of the following is a major characteristic in the trading of the Singapore Dollar (SGD)?

Group of answer choices

1.The SGD has been a historically weak currency and has depreciated considerably since 1965.

2.The SGD is trading in a fixed exchange rate regime.

3.The strong SGD has helped to help control inflation from imports.

4.The central bank of Singapore will not intervene in the foreign exchange market even if there are volatile movements and speculative activity that causes the SGD to trade away from its fundamental value.