Singapore is a year away from switching to a strengthening currency bias because economic indicators are “far from levels” that triggered similar moves in the past, according to DBS Holdings Ltd.

The Monetary Authority of Singapore will likely maintain its “neutral” stance of zero-appreciation for the local dollar until October 2010, analysts Philip Wee and Irvin Seah at Southeast Asia’s biggest banking group, wrote in a research note today. An earlier move in April is possible should the pace of recovery continue to surprise on the upside, they said.