Singapore Dollar (SGD)

QUOTE AND NEWS
The Straits Times  Apr 20  Comment 
April 21, 2015 1:59 AM THE impending hike in United States interest rates will weaken the Singapore dollar against the greenback, a new report says.
Channel News Asia  Apr 16  Comment 
At the latest fixing on Thursday (Apr 16), the three-month Sibor slipped to 0.94654 per cent from 1.01241 per cent on Wednesday, the lowest level in about a month.
Channel News Asia  Apr 16  Comment 
Against the Singapore dollar, the ringgit fell to 2.7284 – its weakest since January 1998.
Channel News Asia  Apr 14  Comment 
The Monetary Authority of Singapore says market commentaries suggesting that MAS had been intervening heavily to support the Sing dollar are incorrect.
Reuters  Apr 14  Comment 
Singapore's central bank on Tuesday surprised markets by holding off from further monetary easing, saying an improving outlook for global growth would underpin the trade-reliant economy.
Channel News Asia  Apr 14  Comment 
MAS says it will allow the Singapore dollar to continue appreciating at a modest pace as GDP is on track to grow by 2 to 4 per cent in 2015. 
The Economic Times  Apr 2  Comment 
Bearish bets on the Singapore dollar slid, but sentiment on the unit was still the third most negative among regional currencies.
The Straits Times  Mar 27  Comment 
March 28, 2015 2:07 AM TWO key interest rates that affect many mortgages and business loans have risen again because of expectations that the Singapore dollar will continue to weaken against the greenback.
Wall Street Journal  Mar 27  Comment 
The Singapore dollar’s doing something strange. It’s strengthening despite expectations of easier monetary policy.




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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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