Singapore Dollar (SGD)

QUOTE AND NEWS
Channel News Asia  Aug 31  Comment 
The Singapore dollar drops to 1.4128 late in Asian trading on Monday (Aug 31), hitting levels last seen in 2009.
Channel News Asia  Aug 27  Comment 
The Australian dollar fell to S$0.9961 in Asian trade on Thursday (Aug 27), before recovering some ground towards the end of the session, trading at S$1.0015, according to Bloomberg data.
Channel News Asia  Aug 24  Comment 
The Singapore dollar traded as high as 3.0037 ringgit on Monday morning, according to Bloomberg data.
Channel News Asia  Aug 21  Comment 
The Singapore dollar traded as high as 2.9736 ringgit on Friday, after the Malaysian currency fell by more than 1 per cent against the US dollar.
Wall Street Journal  Aug 18  Comment 
Singapore’s currency will face pressure both from a rising U.S. dollar and a more turbulent Chinese yuan.
Channel News Asia  Aug 13  Comment 
This comes as sentiment towards the Singapore dollar remain weak following the depreciation of the Chinese Yuan.
Mondo Visione  Aug 12  Comment 
The Monetary Authority of Singapore (MAS) said today that the trade-weighted Singapore dollar remains within its policy band notwithstanding increased volatility in foreign exchange markets following the recent shift in China’s exchange rate...
Channel News Asia  Aug 11  Comment 
The Singapore dollar fell to S$1.40 against the greenback during Asian trading, following a surprise change in China's foreign exchange policy. 
Channel News Asia  Jul 28  Comment 
The Singapore dollar has appreciated sharply against the Australian dollar and Malaysian ringgit in recent months, hitting multi-year highs. However, analysts say that when measured against a broad basket of currencies, the Singapore dollar has...
Channel News Asia  Jul 27  Comment 
Hurt by slowing global demand for the country's commodities in recent months, the Australian dollar fell below the Singapore dollar for the first time since 2009 on Monday.  




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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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