I wanted this:

Hence my solution was
Solution:
\begin{enumerate}[label=(\alph*)]
\item
\leavevmode\\[-2.75\baselineskip]
\begin{flalign*}
\mbox{US}\$10 &= \mbox{S}\$10\times1.33&\\
&= \mbox{S}\$13.30&
\end{flalign*}
\item
\leavevmode\\[-2.75\baselineskip]
\begin{flalign*}
\mbox{S}\$1 &= \mbox{US}\$1 \div1.33&\\
&= \mbox{US}\$0.75188&\\
\mbox{S}\$20 &= \mbox{US}\$20\times0.75188&\\
&= \mbox{US}\$15.04\mbox{ (2DP)}&
\end{flalign*}
\end{enumerate}
Is there a more elegant way of doing this? As I need to guess about the spacing to shift up the equation beside (a) using [-2.75\baselineskip].

\textis capable of detecting fonts (properties) in the surroundings,\mboxis not. – user43963 Jan 04 '15 at 07:45texdoc amsldocfrom command prompt/terminal to get theamsmathmanual. – user43963 Jan 04 '15 at 07:59=signs in the second item aren't aligned with those in the first. this can be done easily, if desired, taking advantage of the fact that the longest bit on the left-hand side is shorter by just theU. then, enter that as\phantom{U}\text{S}\$20and all the=signs will line up. – barbara beeton Jan 04 '15 at 14:10