Singapore Dollar (SGD)

QUOTE AND NEWS
newratings.com  3 hrs ago  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...
newratings.com  Sep 10  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar moved down against the U.S. dollar in late Asian deals on Wednesday. The Singapore dollar fell to 1.2654 against the greenback, its lowest since March 28. Further weakness may lead the Singapore dollar to...
newratings.com  Aug 19  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 4-day high of 1.2435. At yesterday's close, the Singapore dollar was...
SeekingAlpha  Aug 8  Comment 
BySqueeky Wheel: In my February article on the Singapore dollar (NYSEARCA:FXSG) I predicted "approximately 1.25 by April - which we got - and "1.24 by end of May, possibly sooner" - which we didn't get… until July. In my April article my...
The Straits Times  Aug 1  Comment 
August 02, 2014 12:57 AM SINGAPORE'S millionaires are bankrolling makers of tyre rubber and frozen salmon samosas in their quest for higher returns as smaller firms tap its bond market, driving yields to a 13-year high.
newratings.com  Aug 1  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 4-week low of 1.2490. At yesterday's close, the Singapore dollar was trading at...
newratings.com  Jul 17  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar climbed against the U.S. dollar in Asia on Thursday. The Singapore dollar, which ended yesterday's trading at 1.2425 a greenback, rose to a 2-day high of 1.2412. If the Singapore dollar climbs...




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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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