Singapore Dollar (SGD)

QUOTE AND NEWS
newratings.com  Nov 19  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in the late Asian session on Wednesday. Against the greenback, the Singapore dollar fell to nearly a 3-year low of 1.3029. At yesterday's close, the Singapore dollar...
Channel News Asia  Nov 11  Comment 
A stronger greenback may spark concerns of liquidity outflows from the region, but analysts said there is also a flipside, such as a potential boost for Singapore's exports to the US.
newratings.com  Nov 7  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in the Asian session on Friday. Against the greenback, the Singapore dollar fell to a 2-day low of 1.2967 from an early high of 1.2943. At yesterday's close, the...
Channel News Asia  Oct 30  Comment 
Direct trading between the Chinese renminbi and Singapore dollar got off to a positive start, with about S$700 million worth of trade done across the board on Oct 28. Some Singapore companies said they expect to derive benefits from direct...
newratings.com  Oct 30  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in the Asian session on Thursday. Against the greenback, the Singapore dollar fell to more than a 3-week low of 1.2795 from an early high of 1.2767. At yesterday's...
The Hindu Business Line  Oct 27  Comment 
China's central bank said on Monday that it has authorised the nation's interbank foreign exchange market to start direct trading between the Chinese yuan and the Singapore dollar. The st...
The Hindu Business Line  Oct 23  Comment 
China’s interbank foreign exchange market will kick off direct trading between Chinese yuan and Singapore dollar next week, sources with direct knowledge of the matter told Reuters on Wednesday.
The Economic Times  Oct 14  Comment 
The Singapore dollar reversed initial appreciation as investors shifted focus to the central bank's lower inflation forecasts from its tighter monetary policy.
Channel News Asia  Oct 14  Comment 
MAS said the policy stance is appropriate for containing domestic and imported sources of inflationary pressures, and ensuring that inflation expectations remain well anchored.
newratings.com  Oct 9  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S dollar in the Asian session on Thursday. Against the greenback, the Singapore dollar rose to 1.2684 from an early low of 1.2746. At yesterday's close, the Singapore...




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The Singapore Dollar is the currency used in Singapore and replaced the Malaya and British Borneo dollar upon its independence from Malaysia. It is normally abbreviated with the dollar sign $, or alternatively S$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

The $10000 note is one of the world's largest single notes in terms of real value.

Initially, the Singapore dollar was pegged to the British pound sterling at a rate of S$60 = £7. This peg lasted until the demise of the Sterling Area in the early 1970s, after which the Singapore dollar was linked to the US dollar for a short period of time. As Singapore's economy grew and its trade links diversified to many other countries and regions, Singapore moved towards pegging its currency against a fixed and undisclosed trade-weighted basket of currencies from 1973 to 1985. From 1985 onwards, Singapore adopted a more market-oriented exchange regime – classified as a Monitoring Band – in which the Singapore dollar is allowed to float (within an undisclosed bandwidth of a central parity) but closely monitored by the Monetary Authority of Singapore (MAS) against a concealed basket of currencies of Singapore's major trading partners and competitors. This in theory allows the Singaporean government to have more control over imported inflation and to ensure that Singapore's exports remain competitive. All issued Singapore dollar currency in circulation is fully backed by international assets to maintain public confidence.[1] The foreign reserves officially stand at over US$230 billion - as of May 2011.

The chart at left shows the USD/SGD currency pair; the number of Singapore Dollars equivalent to 1 U.S. Dollar (USD).

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