Singapore Dollar (SGD)

QUOTE AND NEWS
The Hindu Business Line  2 hrs ago  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...
Mondo Visione  Oct 8  Comment 
1. Singapore will implement a cash transaction reporting regime for Precious Stones and Metals Dealers (PSMDs) with effect from 15 October 2014. The Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act was amended...
The Economic Times  Oct 8  Comment 
Lim said that India has agreed to allow three Singapore banks to open their 15 branches in India, with 11 approvals granted so far.
The Economic Times  Oct 8  Comment 
Indonesia's rupiah hit its weakest in more than eight months as local shares underperformed regional peers. The Singapore dollar eased on selling from hedge funds.
The Economic Times  Oct 3  Comment 
The Taiwan dollar, Malaysian ringgit and Philippine peso edged higher, while the Thai baht and Singapore dollar slipped.
newratings.com  Sep 30  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S. dollar in the Asian session on Tuesday. Against the greenback, the Singapore dollar rose to a 2-day high of 1.2724. At yesterday's close, the Singapore dollar was...
newratings.com  Sep 13  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in the Asian session on Friday after data showed that Singapore industrial production declined in August. Data from the Economic Development Board showed that the...




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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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