Singapore Dollar (SGD)

Channel News Asia  Dec 1  Comment 
The Malaysian ringgit fell to a near 10-month low against the Singapore dollar on Monday (Dec 1) as the decline in oil prices continued to hurt sentiment. The ringgit was quoted at 2.6262 to S$1 in late Asian trading on Monday.
TechCrunch  Nov 26  Comment 
 Inzen, a Singapore-based mobile game developer, has raised a Series A round of $935,000 SGD (about $748,000). The company is setting its sights on China as it prepares to launch a new portfolio of titles for international markets next year. Its...  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.  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...  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.


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).

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki