Singapore Dollar (SGD)

QUOTE AND NEWS
newratings.com  Jun 24  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in the Asian session on Wednesday. Against the greenback, the Singapore dollar fell to a 1-week low of 1.3434 from an early high of 1.3396. At yesterday's close, the...
newratings.com  Jun 23  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in the late Asian session on Tuesday. In other economic news, data from the Ministry of Trade and Industry showed that Singapore's consumer price index fell 0.4...
newratings.com  Jun 18  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S. dollar in the late Asian session on Thursday. Against the greenback, the Singapore dollar rose to nearly a 4-week high of 1.3320 from an early low of 1.3375. At...
newratings.com  Jun 10  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S. dollar ahead of European session on Wednesday. Against the greenback, the Singapore dollar rose to a 6-day high of 1.3449 from an early low of 1.3552. The pair was quoted at...
newratings.com  Jun 8  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in the Asian session on Monday. Against the greenback, the Singapore dollar fell to nearly a 2-month low of 1.3618 from Friday's closing value of 1.3568. If the...
newratings.com  Jun 5  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S. dollar in the Asian session on Monday. Against the greenback, the Singapore dollar rose to a 4-day high of 1.3303 from an early low of 1.3362. At Friday's close, the...
newratings.com  May 29  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S. dollar in the late Asian session on Friday. Against the greenback, the Singapore dollar rose to a 3-day high of 1.3463 from an early low of 1.3497. At yesterday's...
newratings.com  May 26  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in the late Asian session on Tuesday. In economic news, data from the Economic Development Board showed that Singapore's industrial production fell 8.7 percent...
newratings.com  May 25  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar weakened against the U.S. dollar in the late Asian session on Monday, after data showed that the nation's consumer prices declined further in April. Data from Ministry of Trade and Industry showed...
newratings.com  May 22  Comment 
SINGAPUR (dpa-AFX) - The Singapore dollar strengthened against the U.S. dollar in the Asian session on Friday. Against the greenback, the Singapore dollar rose to a 3-day high of 1.3298. At yesterday's close, the Singapore dollar was...




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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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